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This post was originally published on this siteDuke Energy Corp. is set for a showdown with regulators on Tuesday on its case for accelerating closures of its last six coal-fired power plants in the Carolinas—a plan already rejected by South Carolina’s utilities regulator.The regulator’s May 31 meeting will also weigh appeals from a coalition of environmental groups that urge the Public […]

This post was originally published on this siteThe Biden administration is reaching out to the oil industry to inquire about restarting shuttered refineries, as the White House scrambles to address record high-gasoline prices that are setting off political alarm bells ahead of the midterm elections.Members of the National Economic Council and other officials have inquired

This post was originally published on this siteMay 26, 2022 (Bloomberg) A record volume of Russian oil is on board tankers, with unprecedented amounts heading to India and China as other nations restrict imports because of the war in Ukraine. Between 74 million and 79 million barrels from the OPEC+ producer were in transit and floating

This post was originally published on this siteMay 27, 2022 (Bloomberg) Oil is heading for a modest fifth weekly gain before the US summer driving season kicks off this weekend, with motorists facing soaring costs on the back of tightening stockpiles.West Texas Intermediate futures fluctuated near $114 a barrel on Friday after closing 3.4% higher in

This post was originally published on this siteMay 27, 2022 (Bloomberg) Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living, and urged companies to boost investment. The prime minister’s comments underscore the contortions forced upon UK energy policy by the inflation crisis and Russia’s

This post was originally published on this siteMay 27, 2022 (Bloomberg) Some European Union leaders are leaning toward a deal that would ban seaborne oil while temporarily sparing deliveries through a key pipeline to give landlocked Hungary more time, as the bloc tries to reach an agreement on a new sanctions package targeting Russia for its

This post was originally published on this siteMay 27, 2022 (Bloomberg) There’s an idea going around that climate investing has gone too far. Call it a vibe. Most of it is political opportunism: The US Republican party has declared war on environmental, social and governance-themed investing, or ESG, blaming it for pushing up prices and creating inflation. The

This post was originally published on this siteMay 27, 2022 (Bloomberg) The Group of Seven urged OPEC to pump more oil, even as it made new pledges to try to fight climate change.“We call on oil and gas producing countries to act in a responsible manner and to respond to tightening international markets, noting that OPEC