Google Backs Buildout of Small Nuclear Reactors in Kairos Deal

This post was originally published on this siteAlphabet Inc.’s Google is investing in the development of the next generation of nuclear power, backing a company that’s building small modular reactors and agreeing to purchase energy once the sites start supplying US grids. Google signed an agreement with Kairos Power to construct a series of so-called SMRs

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Does the President Impact U.S. Energy Development? Democrats, GOP Both Delivering Record Natural Gas, Oil Output

This post was originally published on this siteU.S. natural gas and oil development is unlikely to significantly change regardless of whether the Democrat or the Republican presidential candidate wins in November, according to top energy experts.

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Middle East Supply Disruption Potential Could Send Oil above $100/bbl, Citi Says

This post was originally published on this site(Reuters) – Citi Research on Monday raised its bull case scenario for oil prices for this quarter and the next one, citing heightened potential of the market to fear or realize supply losses during these months due to growing Middle East conflict. The bank upgraded its bull case

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OPEC Trims Its China Crude Demand Forecast, but Nowhere Near Enough

This post was originally published on this site(Reuters) – OPEC cut its estimate for China’s crude oil demand growth in 2024 for a third straight month in October, but the producer group is still massively optimistic given the reality of falling imports. The latest monthly report by Organization of the Petroleum Exporting Countries (OPEC) said

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Russia Seeks Over $1 Billion in Damages From Shell, Report Says

This post was originally published on this site(Reuters) – The Russian General Prosecutor’s office was seeking to collect more than 1 billion euro ($1.09 billion) in damages from international energy major Shell  the RIA news agency reported on Tuesday, citing the Moscow Arbitration court. Russia’s Prosecutor General earlier this month filed a lawsuit against eight units of

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