Tag: energy
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Japan wholesale inflation eases slightly to 7.2%, undershooting expectations
The PPI reading was lower than the 7.4% expected by economists polled by Reuters, and was down from a revised 7.3% seen in June.
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Saudi Arabia ramps up oil exports through Mediterranean pipeline to avoid attacks in Red Sea
Oil exports from Egypt’s Mediterranean port of Sidi Kerir have more than doubled. The crude is mostly from Saudi Arabia, according to Kpler.
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Strait of Hormuz ship traffic near three-month low as U.S.-Iran deal in doubt
Traffic is about 90% lower than the daily average of 130 ships that transited Hormuz before the U.S. and Israel attacked Iran on Feb. 28.
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Scorching heat is straining Europe’s nuclear power supplies — and prompting drastic measures
Heat and drought are curbing nuclear output across Europe, with Romania facing a possible reactor shutdown and France reducing generation.
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India’s inflation accelerates to 4.45% in July, raising hopes of a rate hike later this year
India’s inflation rises for the ninth month in a row, raising the odds in favor of a rate hike later this year.
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Pioneer Generation Fund liabilities exceed balance by nearly S$785 million
A parliamentary committee report also found that the S$10 billion Future Energy Fund has yet to make any expenditure. The fund could support nuclear power infrastructure if Singapore decides to deploy nuclear energy, says the government.
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Can Germany refit gas pipelines to transport cleaner energy?
Germany is betting on green hydrogen to power its clean energy transition, with companies converting existing natural gas pipelines.
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U.S. judge ends graft case against Indian billionaire Gautam Adani
A U.S. federal judge has approved the Department of Justice’s decision to dismiss the criminal probe against Indian billionaire Gautam Adani on graft charges.
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Trump extends limited waiver of shipping law to keep oil flowing in U.S. amid Iran war
The Jones Act waiver extension comes after the Trump administration’s latest signs of a deal to reopen the Strait of Hormuz failed to materialize.
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Oil in U.S. Strategic Petroleum Reserve falls below 300 million barrels, lowest since 1983
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuIn an aerial view, the Strategic Petroleum Reserve storage at the Bryan Mound site is seen on October 19, 2022 in
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