March 6, 2023 Data source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, January 2023 Wind, solar, and battery storage are growing as a share of new electric-generating capacity each year. In 2023, these […]
By Charles Kennedy of OilPrice.com, Russian tax revenue from crude oil and petroleum products plummeted by 48% in February from a year earlier due to the much lower price of Russia’s flagship crude grade after […]
Tuesday may bring a major milestone in America’s relentless march toward marijuana legalization, as Oklahoma will likely become the most conservative state so far to approve recreational use of the plant. Trump carried the state […]
Daily Standup Top Stories Forget Peak Oil Demand: A Thirst for Barrels Puts $100 in View March 5, 2023 Allen Santos As Covid-19 lockdowns gripped the world in 2020, Bernard Looney, chief executive officer of BP […]
NuScale plans to build a demonstration small modular reactor (SMR) power plant at the Idaho National Laboratory. If successful, the six-reactor, 462 megawatt Carbon Free Power Project will run in 2030. NuScale said in […]
Worldwide oil demand is racing toward an all-time high and some of the smartest minds in the industry are forecasting $100-a-barrel crude in a matter of months, but US producers are playing the short game and […]
BP, the former British Petroleum, desperately wants to be a good environmental citizen – but not just yet. Last month, the company rolled back its climate ambitions. Shareholders who love oil-soaked profits sent BP BP-N shares soaring. Shell SHEL-N, […]
As Covid-19 lockdowns gripped the world in 2020, Bernard Looney, chief executive officer of BP Plc, made a startling admission: He thought that oil demand might never return to its pre-pandemic peak. But recently, Looney has […]
HOUSTON (Reuters) – Oil major Chevron Corp on Tuesday raised its share buyback program and reaffirmed its production guidance of more than 3% annual growth by 2027, while increasing spending in the United States. Chevron increased […]
Mar 3, 2023 (Bloomberg) Oil headed for a weekly gain as confidence in China’s recovery offset concern that US monetary policy is set to tighten further.West Texas Intermediate slipped below $78 a barrel, but is […]
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