Crude oil futures experienced a decline on Monday, despite escalating tensions between Israel and the Iran-backed militia Hezbollah. The market appeared largely indifferent to the potential for a broader conflict following a deadly rocket attack from Lebanon that killed 12 children in the Israel-occupied Golan Heights. Israel has attributed the attack to Hezbollah, although the… Continue reading Oil prices fall as trader unfazed by Israel-Hezbollah escalation

The Globe and Mail reports in its Friday edition that at least three analysts raised their share price targets on Athabasca Oil following its earnings Wednesday night. The Globe’s Darcy Keith writes in the Eye Onsa Equities column that ATB Capital Markets raised its share target to $7.50 from $7. National Bank of Canada raised… Continue reading Globe says three analysts see Athabasca trading higher

NextEra Energy is evaluating the potential restart of the Duane Arnold Energy Center, a nuclear plant in Palo, Iowa, which ceased operations in 2020 after 45 years of service. This consideration arises from the growing demand for carbon-free energy amid a historic surge in electricity consumption. NextEra CEO John Ketchum emphasized the necessity of conducting… Continue reading NextEra considers restarting Iowa nuclear plant amid rising demand for carbon-free energy

U.S. crude oil futures rebounded more than 1% on Wednesday, ending a three-day losing streak, driven by a decrease in stockpiles, rising gasoline demand, and concerns over potential supply disruptions due to wildfires in Canada. According to the Energy Information Administration, U.S. crude stockpiles fell by 3.7 million barrels, and gasoline inventories declined by 5.6… Continue reading U.S. crude oil rebounds as inventories fall, gasoline demand rises

Renewable energy demand is projected to triple over the next seven years, driven by the rapid expansion of data centers necessary to support the growth of artificial intelligence, according to NextEra Energy’s CEO. In the second quarter, NextEra added 3,000 megawatts of new renewable and storage projects to its backlog, with 860 megawatts of these… Continue reading Renewable energy demand will triple as electricity consumption surges, NextEra CEO says

On Tuesday, crude oil futures fell to their lowest levels in over a month, reflecting a broader market trend largely indifferent to recent geopolitical tensions in the Middle East. Specifically, West Texas Intermediate (WTI) crude dropped to $77.94 per barrel, a decrease of 0.59%, while Brent crude fell to $81.97 per barrel, down 0.55%. Despite… Continue reading Oil prices drop to lowest levels in more than a month

TORONTO and KNOXVILLE, Tenn., July 23, 2024 (GLOBE NEWSWIRE) — Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR, OTC: SAENF), a leading solar energy solutions provider focused on the commercial and utility solar sectors, is pleased to announce the signing of agreements for several commercial solar projects totaling $775,000. The five projects are… Continue reading Solar Alliance signs agreements for multiple commercial solar projects totaling $775,000 as mid-sized project momentum accelerates

Solar Alliance Energy Inc., further to its news release of May 14, 2024, and June 27, 2024, has closed the second tranche of its non-brokered private placement of up to 20 million units of the company at a price of five cents per unit for gross proceeds of up to $1-million. An aggregate of nine… Continue reading SOLAR ALLIANCE ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT

The U.S. risks falling behind in the global artificial intelligence (AI) race if it does not leverage natural gas to meet the growing electricity demand from data centers, according to Alan Armstrong, CEO of Williams Companies, one of the largest pipeline operators in the nation. Armstrong emphasized the critical role of natural gas in supporting… Continue reading U.S. will fall behind in the AI race without natural gas, Williams Companies CEO says

In the wake of Labour Party’s decisive electoral victory, the United Kingdom faces a transformative period under Prime Minister Keir Starmer, who has pledged to enact substantial tax reforms aimed at generating £9.4 billion in revenue. This includes closing loopholes and increasing taxes, particularly targeting the private equity sector by reclassifying performance-related pay as income… Continue reading Labour’s gains in London have private equity looking to exit — the country

In recent economic trends, inflation in the United States has notably subsided from its peak two years ago, even marking a period where certain consumer prices are declining. Deflation, the measure of price decreases for consumer goods and services, has become a significant trend in the economy, contrasting sharply with the inflationary pressures observed earlier.… Continue reading Here’s the deflation breakdown for June 2024 — in one chart

In a recent update, U.S. crude oil prices saw a 1% increase, crossing the $83 per barrel mark as consumer price pressures eased and inventories showed declines. Despite a relatively flat performance earlier in the week, West Texas Intermediate (WTI) oil rallied toward the end, marking a 0.38% gain, following four consecutive weeks of upward… Continue reading U.S. crude oil rises for third day, tops $83 per barrel after inflation eases, inventories fall