Tag: energy
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The Day with Brent Goff : Energy Price Surge
Global oil markets are on edge after Saudi Arabia shut down a key pipeline following an alleged attack by Iran-backed groups. With no breakthrough in talks over the Strait of Hormuz, fuel prices are climbing worldwide.
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Saudi pipeline closure is a brief interruption that will last days, U.S. Energy Secretary tells CNBC
The Saudis closed the East-West pipeline after it sustained damage in a drone attack launched from Iraq.
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Hitachi Energy to invest $528 million in new transformer factory in Mississippi
TOKYO, Sept 16 : Hitachi Energy said on Wednesday it plans to invest $528 million to build a new transformer manufacturing facility in Gallman, Mississippi, creating over 700 jobs.The new factory will be Hitachi Energy’s largest single U.S. investment and it will more than double the company’s transformer pro
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Russia: Trump’s Ukraine ceasefire proposal is ‘good idea’
The Kremlin has hailed an “energy ceasefire” proposed by US President Trump, but has criticized a French initiative to share its nuclear deterrent. Meanwhile, hostilities have continued on the ground and in the air.
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Oil’s next test: Saudi Arabia races to restore a key safety valve for prices
Analysts warn oil prices could rally sharply if the pipeline remains offline beyond an estimated five-to-seven-day inventory cushion.
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SB Energy to sell up to $500 million in shares to Japan investors as part of US IPO
TOKYO, Sept 15 : Data centre developer SB Energy, backed by SoftBank Group, will sell up to $500 million in shares to Japanese investors as part of a public listing in the U.S., a filing showed on Tuesday. The firm will issue new shares to the Japanese investors, and the funds will be used for…
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Costco hikes motor oil prices and puts limits on how much members can buy
Costco is limiting sales of its house brand motor oil to two units per customer per week amid rising oil prices.
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Trump administration repeals Biden era greenhouse gas requirements for power plants
President Donald Trump has systemically dismantled regulations implemented by the Obama and Biden administrations that sought to fight climate change.
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Oil settles higher after Saudi strikes stoke supply worries
NEW YORK, Sept 14 : Oil prices settled about 1 per cent higher on Monday as worries about energy supplies mounted following new strikes on Saudi Arabian energy infrastructure and attacks on ships in the Middle East.Both crude benchmarks jumped almost 5 per cent, then retreated from session highs after U.S.
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Trump seeks halt to energy attacks by both Russia, Ukraine
Donald Trump, under fire for record US diesel prices, claims Russia and Ukraine have agreed to stop striking energy targets. Russia said nothing; Ukraine said “we expect specifics from our partners” on any such move.
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