Global oil stocks shrink in light of impending OPEC+ decision
As OPEC+ prepares for its next meeting, the group is at a crossroads that could impact global oil markets. With the fall months approaching, important decisions will be made on…
Will China’s oil demand soon reach its peak?
Uncertainty about Chinese oil demand has become the main bearish factor for oil prices. Whenever analysts talk about lower prices, it is because of uncertainty about Chinese demand – or…
South Africa records 150 days of uninterrupted power supply
(Bloomberg) — South Africa has experienced 150 consecutive days without planned power outages, Eskom Holdings SOC Ltd. said on Saturday. This milestone represents a dramatic turnaround from the situation over…
Tropical Storm Ernesto puts Puerto Rico’s fragile power grid to the test
(Bloomberg) — Puerto Rico’s unstable power grid is being put to the test by Tropical Storm Ernesto. The storm hits the island with gusts and heavy rain and threatens to…
RWE achieves record figures for electricity production and earnings from renewable energies in the first half of 2024
RWE reported adjusted EBITDA of €2.9 billion ($3.9 billion) and adjusted net profit of €1.4 billion during the period. Particularly noteworthy is the 20 percent increase in income from renewable…
Russian-occupied nuclear power plant declared safe after fire
(Bloomberg) — Normal radiation levels were reported at the Russian-occupied Zaporizhia nuclear power plant in southern Ukraine following a fire and explosions, the international nuclear regulator said. Thick, dark smoke…
