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Energy
WTI weekly gain as gas demand surges
U.S. crude oil was on pace Friday for a second weekly gain in a row, as gasoline demand has surged to post-pandemic highs.Oil prices fell Friday but are ahead nearly 3% for the week. The oil rally has lifted the energy stocks, with the…
WTI on space for second weekly gain in a row
U.S. crude rose Thursday to trade above $82 per barrel, with the benchmark heading for its second weekly gain in a row, as oil and gasoline inventories fell.West Texas Intermediate has gained 4.8% this week, while global benchmark Brent…
Solar is growing faster than any energy source as clean power for data
Aerial view of the Oberon Solar O&M farm on March 24, 2024 in Ector County, Texas. In 2023, Texas led the nation in solar installations on its power grid, surpassing California for its second consecutive year. Brandon Bell | Getty…
Hot utility stock NextEra falls nearly 5% after announcing plan to sell $2
Budrul Chukrut | Lightrocket | Getty ImagesNextEra Energy stock fell nearly 5% in early trading Tuesday after announcing a plan to sell $2 billion in equity units to finance power projects as electricity demand rises and to pay back…
Used EV price crash gets deeper with ‘premium’ brand idea history
A used 2020 Tesla Model 3 is available for sale on a CarMax lot on March 10, 2022 in Burbank, California. Mario Tama | Getty Images News | Getty ImagesBack in February, used electric vehicle prices dipped below used gasoline-powered…
Inside latest crypto firm paying billions to end legal troubles
South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to…
OPEC calls for more fossil fuel investment, dismisses peak oil demand
The head of OPEC said Thursday that the world will need to invest in fossil fuels for decades to prevent an energy shortage, dismissing predictions that oil demand will peak soon.OPEC Secretary General Haitham Al Ghais said oil demand…
WTI, Brent best week in more than two months
Crude oil futures rose for a fifth day Friday, on pace for the best week in more than two months as analysts see a tighter market heading into the third quarter.Oil prices are up more than 4.5% for the week, the strongest gains since…
West Texas Intermediate falls as stockpiles grow
Aerial view of Olmeca oil refinery belonging to the Petroleos Mexicanos (PEMEX) company, located in Paraiso, Tabasco state, Mexico, May 20, 2024.Yuri Cortez | Afp | Getty ImagesCrude oil futures fell Thursday after rising U.S. stockpiles…
Big Oil given stark warning as a major supply surplus expected by 2030
Aerial view taken on May 20, 2024 shows the Olmeca oil refinery belonging to the company Petroleos Mexicanos (PEMEX), which along with six others is part of the National Refining System (SNR) located in Paraiso, Tabasco state, Mexico. …