During several days of brutal cold in Texas, the city of Austin saw its fleet of 12 new electric buses rendered inoperative by a statewide power outage. That problem will be magnified next year, when […]
Japan‘s overstretched electricity grid is likely to receive another Arctic blast in the coming days, which is already pushing up wholesale prices and may stress generators as they struggle to keep units running after a powerful quake. […]
Oil shipments from OPEC’s Persian Gulf producers slipped last month, even as output restrictions were eased and production volumes increased. Combined shipments of crude and condensate — a light form of oil extracted from gas fields — from Saudi […]
Japan’s petroleum industry called on utilities to keep using oil-fired power plants as backups after the nation’s power market faced a supply crunch amid cold weather, the head of the Petroleum Association of Japan (PAJ) […]
Three of Abu Dhabi’s biggest state-owned companies — Adnoc, Mubadala Investment and Abu Dhabi Development Holding (ADQ) — have signed an agreement to establish the ‘Abu Dhabi Hydrogen Alliance’ to develop low-carbon hydrogen fuel in […]
After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are seizing on an unprecedented surge in the price of the fuel. The combination of a severe […]
Stocks turn north as interest rates push all time highs. The benchmark 10-year note yield traded briefly traded at 1.187%, its highest level since March. The 30-year bond rate climbed to 1.88%. S&P 500: 04% […]
Tokyo — Severe cold spells and surging power demand are tightening Japan’s power supply amid declining LNG stocks and low renewable output, Minister of Economy, Trade and Industry Hiroshi Kajiyama said Jan. 12, with utilities undertaking […]
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