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Energy
WTI, Brent post small weekly gain
U.S. crude oil on Friday posted its second weekly gain in a row as Israel prepares to retaliate against Iran.The U.S. benchmark and global benchmark Brent gained more than 1% this week. Oil prices have gained more than 10% through…
UK secures £225m investment for Teesside renewables industry
The UK Government has announced a new £225 million investment in Teesside’s renewables sector, made possible through collaboration with Korean investors.UK Export Finance (UKEF) and the Korea Trade Insurance Corporation (K-Sure) have…
Wall Street analysts downgrade Honeywell. We think they’re making a mistake
Honeywell stock received a rare downgrade from JPMorgan on Thursday. It's the first time in more than a decade that analysts at the firm lowered their rating. The news JPMorgan cut Honeywell to neutral from buy, citing concerns about its…
Free EV chargers and discounted charging offered to UK ride-share drivers
A new partnership between Octopus Energy, Uber, and BYD aims to speed up the transition to electric vehicles by providing UK Uber drivers with the “most cost-effective” EV charging bundle available.Announced at Uber’s annual climate…
Florida gas stations are running out of fuel as people flee Hurricane
Nearly 16% of gas stations in Florida had run out of fuel as of late-morning Tuesday as people flee north to escape the path of Hurricane Milton, according to data from GasBuddy.Many stations simply can't keep up with gasoline demand as…
Europe’s grid operators unprepared for renewables
Europe’s energy watchdog has criticised the continent’s grid operators for being unprepared for the expected increase in renewable energy.The Agency for the Cooperation of Energy Regulators (ACER) warns that without changes to their…
Headwinds from Middle East, tailwinds from China
Pedestrians holding Chinese flags outside a Chanel SA store on Nanjing East Road in Shanghai, China, on Wednesday, Oct. 2, 2024. Qilai Shen | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets…
UK launches £500k funding for electrolyser tech
The Net Zero Technology Centre (NZTC) has announced the winners of its 2024 Electrolyser funding competition, awarding a total of £500,000 to three innovative UK developers.This initiative aims to accelerate the development of…
Biden discourages Israel from hitting Iran’s oil
U.S. crude oil on Friday posted its biggest weekly gain in more than a year, as traders fear Israel could strike Iran's crude facilities in retaliation for Tehran's ballistic missile attack.U.S benchmark West Texas Intermediate surged…
UK to unveil ambitious green energy investment plan
Prime Minister Keir Starmer, along with Chancellor Rachel Reeves and Energy Secretary Ed Miliband, will announce a big plan for green energy investment in the North of England.This announcement, scheduled for tomorrow, aims to create…