NEW YORK, May 22 (Reuters) – Oil prices fell more than 1% on Wednesday, retreating for a third straight day, as Fed officials rekindled worries about oil demand when they indicated interest rate cuts might […]
Daily Standup Top Stories What’s Going on with Electric Vehicles? May 21, 2024 Mariel Alumit 2024 has not been kind to the electric vehicle, particularly in the United States. Sales are down, Tesla laid off staff, […]
HOUSTON May 21 (Reuters) – Oil prices settled 1% lower on Tuesday as lingering U.S. inflation poised to keep interest rates higher for longer and likely weighed on consumer demand at the pump, while little […]
NEW YORK, May 20 (Reuters) – Oil prices eased about 1% on Monday as U.S. Federal Reserve officials said they were awaiting more signs that inflation was declining before the central bank starts cutting interest […]
NEW YORK, May 13 (Reuters) – Oil prices rose on Monday, as signs of improving demand in the U.S. and China, the top two oil consumers, aided the bounce from the previous session’s $1 a […]
NEW YORK, May 8 (Reuters) – Oil prices edged higher on Wednesday after U.S. oil storage data showed a larger-than-expected draw in crude stockpiles as refiners ramped up output ahead of the summer driving season. […]
NEW YORK, May 7 (Reuters) – Oil prices closed slightly lower on Tuesday on signs of easing supply concerns, while market participants shifted their focus to U.S. stockpiles data due later today and Wednesday. Brent […]
Daily Standup Top Stories Replacing a Talen Energy coal-fired power plant with battery storage is infeasible: PJM May 6, 2024 Mariel Alumit An 800-MW, four-hour battery is “not a realistic option” for replacing Talen Energy’s 1,280-MW, […]
HOUSTON, May 6 (Reuters) – Oil futures rose on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a quick agreement for a Gaza ceasefire deal appeared slim, […]
U.S. crude oil prices continued to plummet on Wednesday, falling over 3% and Brent crude right behind it, shedding over 2.8% on a surprise U.S. inventory build and uncertainty about interest rate cuts and the future of […]
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