Oil jumped to the highest in six weeks amid signs of a rapidly tightening market after a U.S. government report showed a bigger-than-expected decline in crude stockpiles. Futures in New York surged 3.1% on Wednesday […]
Winter blackouts are now a real possibility after a fire took out a key cable that ships electricity to the U.K. from France. Electricity is now so scarce in Britain that any more grid mishaps or unexpected […]
Americans who rely on propane for heating are facing the most expensive winter in years as prices for the fuel jump to the highest since 2014. Propane prices have risen almost 60% so far this […]
Europe’s energy ambitions are clear: to shift to a low-carbon future by remaking its power generating and distribution systems. But the present situation is an expensive mess. A global supply crunch for natural gas, bottlenecks […]
Hurricane Ida resulted in service outages for up to 1.2 million electricity customers across eight states, according to situation reports from the U.S. Department of Energy’s Office of Cybersecurity, Energy Security, and Emergency Response (CESER). […]
Enbridge Inc. announced Sept. 7 that it has entered into a definitive purchase agreement with EnCap Flatrock Midstream to acquire Moda Midstream Operating LLC $3 billion USD in cash, subject to closing adjustments. The acquisition will […]
The U.K. generates 25% of energy from wind power but is now seeing energy price soaring by seven times in a year due to lack of wind. Halted operation of wind power plants in the […]
Over the last decade, energy experts repeatedly assured policymakers around the world that increasing the use of renewables, while shutting down nuclear plants, would make energy supplies more secure, while lowering prices. To make their […]
As Category 4 Hurricane Ida made landfall along the Southeast coast of Louisiana near New Orleans on August 29, 2021, the electric load in the southern region of the Midcontinent Independent System Operator (MISO) decreased. […]
Insurers are bracing for a hit of about $1 billion from physical damage to offshore rigs and structures from Hurricane Ida, according to preliminary estimates from U.S. property data and analytics company CoreLogic. The estimate […]
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