This post was originally published on this siteDec 16, 2021 (Bloomberg) Oil rose after U.S. crude stockpiles fell the most since September and a more hawkish Federal Reserve spurred a broader rally in financial markets on speculation it can slow inflation without derailing growth. Futures in New York climbed as much as 1.5% after recovering from …
Oil Rises on Hawkish Fed and as U.S. Demand Withstands Omicron Read More »
This post was originally published on this siteDec 14, 2021 (Bloomberg) President Joe Biden’s energy chief extended an olive branch to the oil industry Tuesday, telling executives a crude export ban is not under consideration, while assuring them that the administration was “not a bogeyman.”Energy Secretary Jennifer Granholm made the virtual remarks Tuesday to an outside …
Granholm Tells Oil Executives Crude Export Ban Is Off the Table Read More »
This post was originally published on this siteBy Dana Hull Dec 15, 2021, (Bloomberg) Tesla has had another wild year. It dominates the U.S. electric vehicle space, commanding roughly two-thirds market share. Rental company Hertz announced plans to buy 100,000 Tesla cars. And thanks to the rise in the company’s share price, CEO Elon Musk is …
This post was originally published on this siteDec 15, 2021 (Bloomberg) Oil forecasters have parted company on their views about demand in the coming months, as the omicron variant of the Covid-19 virus spreads rapidly around the world. And producers have emerged as the surprising bulls in the latest round of estimates.The International Energy Agency, the …
Omicron Variant Poses a Demand Puzzle for Oil Forecasters Read More »
This post was originally published on this siteDec 15, 2021 (Bloomberg) Oil declined for a third day as global markets tip into a supply surplus, with demand pressured by the spread of the omicron Covid-19 variant worldwide and Chinese constraints on fuel use.Futures slid 1.3% in New York amid a growing conviction that inventories are starting …
Oil Falls Further on Looming Surplus, China Demand Constraints Read More »
This post was originally published on this siteDec 14, 2021, (Bloomberg) U.S. solar stocks led by Sunrun Inc. tumbled after California proposed new rules for rooftop power systems that threaten to slow installations.Sunrun, the nation’s biggest solar rooftop installer, plunged as much as 18% in New York trading on Tuesday, its biggest intraday drop since March …
Solar Shares Tumble After California Proposes Incentive Cuts Read More »
This post was originally published on this sitePartnering with Viper, Osperity can now provide a reliable way of detecting fugitive emissions in industrial settings. Continuous monitoring provides immediate notification of a gas leak. Viper’s technology will work seamlessly with Osperity’s visual monitoring platform, meaning clients can rely on automated inspection reports, monitoring and exception-based alerting …
This post was originally published on this siteDec 14 (Reuters) – Royal Dutch Shell (RDSa.L) said on Tuesday it would buy U.S.-based solar and energy storage developer Savion from Macquarie’s (MQG.AX) Green Investment Group, to expand its global solar portfolio as part of its push to move to net zero emissions. The oil major did not disclose the …
Shell’s Power Push: Energy Giant Shell to Acquire U.S.- Based Savion Read More »
This post was originally published on this siteDec 13, 2021 (Bloomberg) Saudi Arabia said global oil production could drop 30% by the end of the decade due to falling investment in fossil fuels.“We’re heading toward a phase that could be dangerous if there’s not enough spending on energy,” Oil Minister Abdulaziz bin Salman said in Riyadh. …
Saudi Oil Minister Says Global Production Could Plunge 30% This Decade Read More »
This post was originally published on this siteDec 14, 2021 (Bloomberg) Oil held steady as the International Energy Agency said the global oil market has returned to surplus with the omicron variant curbing international travel. Brent crude futures were near $74 a barrel, paring earlier gains, as the Paris-based IEA — which advises major economies — said …
Oil Steady as IEA Says Global Market Has Returned to Surplus Read More »
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