Tag: energy
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The Indian billionaire investing in Trump’s refinery project is also buying more Venezuelan crude
Outside the U.S., India is the biggest destination for Venezuelan oil, with Reliance Industries purchasing the bulk of it.
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LG Energy Solution flags 26% rise in Q3 operating profit
SEOUL, Oct 8 : South Korean battery maker LG Energy Solution said on Thursday the company expects its July-September operating profit to rise 25.7 per cent to 756 billion won ($564.09 million).That compared with an LSEG SmartEstimate forecast for an operating profit of 309 billion won, which is weighted towar
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Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level
Shipping costs have exploded as the war in the Persian Gulf has led to a shortage of available tankers.
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Trump’s diesel order exposes White House limits to counter surging fuel prices
President Trump’s order comes amid mounting political pressure to take action on surging diesel prices, with the midterm elections only a month away.
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Emerging economies are embracing solar power and skipping fossil fuels much faster than Europe or the US
Renewable electricity is cheaper than ever. While the West got rich on coal and oil, some of the world’s poorest countries are banking on solar, wind and water instead.
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Chevron CEO warns against ‘unwise’ diesel export ban, saying it could make things worse
His comments come as rising Middle East crude exports and an emergency G7 stockpile release appear to have helped to ease supply fears.
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High diesel prices may put ‘another squeeze’ on the consumer, economist says
The impact of soaring diesel prices is less evident to consumers than that of gasoline.
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Google squeezes more power from existing nuclear plants in Constellation deal. These stocks benefit
The deal with Baltimore-based Constellation is positive for other independent power producers with also operate nuclear plants.
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Rebounding oil exports through Strait of Hormuz are vulnerable to stepped-up Iranian tanker attacks
Nearly 20 commercial ships, mostly tankers, have come under attack over the past month while sailing through the Hormuz chokepoint.
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Fusion firm Type One in $200 million Siemens Energy-backed raise
LONDON, Oct 6 : US start-up Type One Energy has raised $200 million from investors including the venture unit of Germany’s Siemens Energy, as it vies to build the world’s first commercial fusion reactor, its chief executive told Reuters.The Series-B round, which takes total funding to-date to more than $400 m
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