Finance News – Energy Sector
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Workers at 40yo power station excited for 'transition out of coal'
The planned closure of the aging energy facility is expected to impact local employment and regional economic stability as operations shift away from coal-based power generation.
Read Full Article →Oil prices surge on fears of escalation between US and Iran
Rising geopolitical tensions in the Middle East have led to increased energy costs, impacting global markets and prompting cautious adjustments in investment strategies across vari...
Read Full Article →Oil prices rise more than 4% on escalating U.S.-Iran tensions
The increase in crude costs reflects growing geopolitical risks in the Middle East, which could potentially disrupt supply chains and influence global energy markets, affecting pri...
Read Full Article →OPEC head lashes out at net-zero targets, tells Calgary audience oil demand will keep growing
The OPEC leader highlighted concerns over forecasts of declining oil consumption, emphasizing continued market growth and potential impacts on global investment and economic stabil...
Read Full Article →Sizewell C is needed – but critical cost numbers are still missing | Nils Pratley
The planned investment in the Suffolk nuclear facility represents a significant financial undertaking, yet the ultimate cost of the electricity it will produce remains uncertain, i...
Read Full Article →The Alberta Energy Regulator publishes its 2024 Pipeline Performance Report
The recently released document provides detailed insights into pipeline operations and safety, which could influence investment decisions and regulatory compliance costs within Alb...
Read Full Article →OPEC boss slams net-zero targets, promotes big future for oil in Calgary speech
The leader of OPEC emphasized the ongoing global demand for oil, suggesting that sustained financial investments in the industry will be crucial to support energy markets over the...
Read Full Article →What’s behind Keir Starmer’s decision to back nuclear power?
The government’s plan to allocate nearly £18 billion towards developing a new nuclear facility highlights the considerable financial commitment aimed at supporting future energy st...
Read Full Article →Oil companies are facing the first-ever climate change wrongful death lawsuit
The lawsuit against major oil firms could set a precedent that holds corporations financially accountable for health impacts linked to climate-related events, potentially influenci...
Read Full Article →Oil companies sued over heat dome 'wrongful' death
The lawsuit against multiple oil and gas firms could result in substantial financial liabilities if courts determine their operations significantly influenced extreme weather condi...
Read Full Article →Spain blackout shows need for gas in a greener world: Woodside CEO
The recent power outage in Spain highlights the challenge of balancing energy reliability, cost-effectiveness, and environmental goals to ensure a stable and sustainable energy sys...
Read Full Article →Fears 300,000 British electricity meters will not work after tech switch-off
The discontinuation of the Radio Teleswitch Service may lead to significant energy management disruptions for hundreds of thousands of households, potentially increasing costs due...
Read Full Article →'Energy is Canada's power': New federal energy minister touts past Alberta oilpatch ties
The federal energy minister emphasized the economic importance of Canada's energy industry, drawing on his previous experience and advocating for the development of diverse project...
Read Full Article →Merz backs Nord Stream ban to prevent US and Russia restarting gas link
The German chancellor supports halting the gas pipeline to avoid reigniting internal disputes related to energy dependence and to influence the financial dynamics between the invol...
Read Full Article →SSE boss: Zonal pricing would be a ‘huge mistake’
Implementing regional price differences in the UK electricity market could significantly increase costs for certain consumers, potentially leading to uneven financial impacts acros...
Read Full Article →Global copper supply projected to fall 30% short of demand by 2035, IEA warns
A significant gap between copper availability and future needs may increase costs and disrupt investments in renewable energy infrastructure essential for achieving carbon reductio...
Read Full Article →Memorial Day weekend gas prices might be the lowest in decades
The reduced fuel costs during the holiday period could lead to notable savings for consumers and potentially influence overall spending patterns in the transportation and travel se...
Read Full Article →Trump allows New York offshore wind project after apparent gas pipeline compromise with state
The approval of the Empire Wind 1 project marks a notable investment in renewable energy infrastructure, potentially influencing regional energy costs and contributing to economic...
Read Full Article →Oil prices fall after Trump raises hopes of a U.S.-Iran nuclear deal
The prospect of an agreement between the U.S. and Iran on nuclear terms contributed to a decrease in global crude oil prices, reflecting market expectations of eased geopolitical t...
Read Full Article →Can Labor keep everyone happy on gas? Its Woodside decision will reveal all
The upcoming determination on Woodside Energy’s project extension will have important economic implications, impacting multiple stakeholders concerned about energy supply, costs, a...
Read Full Article →Oil prices are down. It means something different in Canada vs. the U.S
The recent decline in crude oil costs has impacted economic strategies differently in Canada and the U.S., affecting investment decisions and revenue projections within their respe...
Read Full Article →Ill winds are blowing for Labour’s 2030 deadline for clean energy
The cancellation of a major offshore wind project highlights the financial risks and challenges involved in achieving the ambitious £200 billion investment plan for clean energy in...
Read Full Article →A top exec says America's oil industry is at a 'tipping point' and US production is set to drop
Declining crude prices combined with anticipated reductions in domestic output may impact investment flows and revenue streams within the United States energy sector over the comin...
Read Full Article →Home heating oil and fuel prices drop to 2021 levels
The recent decline in energy costs has returned to figures last seen in 2021, suggesting potential savings for households reliant on heating oil if they make purchases promptly.
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