Energy News

In this article VOW3-DE 7201.T-JP RNO-FR TSLA Alex Kraus | Bloomberg Creative Photos | Getty Images A planning application for a major new gigafactory in central England has been submitted, with those behind the project claiming it could generate 6,000 jobs and tens of thousands more across the supply chain. The proposals for the factory
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Patrick Pleul | picture alliance | Getty Images The planet’s demand for electricity is set for a strong rebound this year and next after dropping by approximately 1% in 2020, according to a new publication from the International Energy Agency. Released Thursday, the IEA’s Electricity Market Report forecasts that global electricity demand will jump by
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Investors may want to keep the antacid nearby. Long-term market bull Tony Dwyer sees near-term turbulence in connection with his “summer of indigestion” call. So, he’s encouraging investors to resist making any big moves right now. “We’ve had one heck of a run. It’s been an excessive run in the indices,” the Canaccord Genuity chief
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Utilities could be the underrated beneficiaries of a U.S. infrastructure overhaul, one CEO says. With Washington lawmakers working to make the Biden administration’s $579 billion infrastructure spending framework a reality, the year’s worst-performing sector could be in for a rebound, Reaves Asset Management CEO Jay Rhame told CNBC’s “ETF Edge” this week. Two major tailwinds
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In this article @LCO.1 @CL.1 An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia. Simon Dawson | Bloomberg | Getty Images The collapse of talks between OPEC and its allies highlights the risks of the group’s unity breaking down and renews concerns about
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Sina Schuldt | picture alliance | Getty Images Three major transportation firms are set to work with one another on the development of a European charging network for “battery electric heavy-duty long-haul trucks and coaches.”  In a joint announcement earlier this week, Volvo, Daimler Truck and the Traton Group said they had signed a non-binding agreement related to
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OPEC Secretary General Mohammed Sanusi Barkindo (L), Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman (C) and Russian Energy Minister Alexander Novak (R) attend an Opec-JMMC meeting in the UAE capital Abu Dhabi on September 12, 2019. KARIM SAHIB | AFP via Getty Images LONDON — Oil producer group OPEC has been plunged into crisis,
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Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia April 9, 2020. Saudi Press Agency | Reuters LONDON — Oil producer group OPEC will resume talks on Monday
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UAE’s Minister of Energy and Industry Suhail al-Mazrouei arrives for the 177th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on December 5, 2019. JOE KLAMAR | AFP | Getty Images The United Arab Emirates has pushed back on OPEC+ leaders Saudi Arabia and Russia, claiming its “sovereign right” to negotiate fairer terms
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Lebanon’s economic situation is facing “immediate catastrophe,” according to a top U.S. diplomat, who said the country’s leaders need to demonstrate the will to reform before any external assistance can take place. David Hale, who most recently served as the undersecretary of state for political affairs and is now on detail from the State Department
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In this article PCG Thousands of victims of California wildfires dating back to 2019, who are entitled to payments under a $13.5 billion settlement with the state’s largest utility, are learning that the amount that they ultimately receive is subject to the whims of Wall Street. That is according to the retired California appellate judge
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This image shows Geothermal Engineering Ltd’s proof of concept power plant on the United Downs Industrial Estate in Cornwall, England. The U.K.’s fledgling geothermal energy sector has reached a new milestone after it was announced Thursday that a “proof of concept power plant” in Cornwall had started to produce geothermal steam. The steam, which can
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Mischa Keijser | Cultura | Getty Images The CEO of banking giant Credit Suisse told CNBC that the coronavirus pandemic had “substantially accelerated the trend towards ESG and sustainability” and sought to highlight the investment opportunity within the overall space. “The demand that we see — both from our private clients, but also institutional clients
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