February 8, 2023 Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor From February 3 to February 5, record-breaking cold temperatures and extreme wind chill in New England created strong electricity demand as homes […]
The French nationwide strike over proposed pension reform (Macron is seeking to raise the retirement age from 62 to, gasp, 64; the French say “non”) which we profiled last week, interrupted on Tuesday the shipment […]
Chinese state-owned television aired footage of a high-altitude balloon dropping hypersonic weapons in 2018. China tested hypersonic glide vehicles dropped from a balloon in 2018, according to Chinese state broadcaster CCTV. (Screenshot via Chinese social […]
Tehran, Iran – Iran’s army has unveiled a major underground base to showcase its aerial military capabilities in response to significant joint exercises by the United States and Israel. State television on Tuesday showed footage […]
U.S. natural gas production will rise to a record high in 2023, while demand will fall, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry […]
A view of the SEPV Sierra solar and storage facility owned by startup, B2U Storage Solutions, in Lancaster, California, U.S. in this handout photo taken in 2022. B2U Storage Solutions/Handout via REUTERS Feb 7 (Reuters) […]
BP Plc said it will cut oil and gas output more slowly this decade after the supply disruption caused by Russia’s invasion of Ukraine boosted prices and delivered record profits. While the British company said […]
Oil rallied as Saudi Arabia signaled confidence in the demand outlook with a surprise boost in crude prices, while investors awaited comments on monetary policy from Federal Reserve Chair Jerome Powell. West Texas Intermediate futures […]
Oil and gas will have a key role to play even as the world shifts to cleaner energy and climate talks should reflect the challenges of energy poverty, according to the president of this year’s […]
California Governor Gavin Newsom called for federal energy regulators to investigate a recent hike in natural gas prices that has resulted in sky-high utility bills. Newsom, a Democrat, asked the Federal Energy Regulatory Commission in […]
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