Text size EQT, the largest U.S. natural-gas producer, said the market could remain oversupplied for a while. Producers may have to slow their activity. Dreamstime After soaring to 14-year highs in 2022, U.S. natural-gas prices have fallen 45% this year. The country’s largest gas producer doesn’t expect a rebound for …
Read More »Heysham renewable energy store plan for former oil refinery
The facility would store power generated by wind farms and other renewable sources A former oil refinery site could be turned into a green electricity storage facility. Developers want to build the 100 MWh energy storage facility and substation near Heysham in Lancashire. It would store power generated by wind-farms, …
Read More »Why energy stocks are sitting out the 2023 rally
Energy stocks have been largely sitting out the recent broader market rally, despite a stellar 2022 performance. Expectations of easing inflation and a slowdown of Federal Reserve rate hikes have kept the optimism alive that a ‘soft landing’ for the economy is possible, sending growth stocks higher—and leaving cyclicals behind …
Read More »Tight timescale for Manx green energy projects, MU chairman says
Plans to generate 30MW of renewable energy on the Isle of Man by 2026 are under a tight “time pressures”, the chairman of Manx Utilities has said. Tim Johnston MHK said he was confident they could meet the target backed by the Council of Ministers this week. Within the next …
Read More »Putin losing energy war as European gas prices hit 17-month lows – live updates
Vladimir Putin has seen Russian revenues from gas tumble from highs set in August – Sputnik/Mikhail Metzel via Reuters European natural gas prices have tumbled to their lowest level in 17 months, dealing a blow to Vladimir Putin’s efforts to fund his war in Ukraine. Dutch futures, the European benchmark, …
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