U.S. crude oil falls below $76 per barrel, lowest level since early June
China’s economy is weighing on the oil market.
Oil major BP raises dividend as second-quarter profit beats expectations
British oil giant BP on Tuesday reported stronger-than-expected net profit for the second quarter following a warning over lower refining margins.
Oil prices fall as trader unfazed by Israel-Hezbollah escalation
A rocket attack threatens to spark war between Israel and Hezbollah.
U.S. crude oil on pace for third weekly decline as China demand outweighs U.S. growth
Surprise rate cuts in China this week raised concerns about the strength of China’s economy.
Oil prices fall more than 1% as worries about Chinese economy grow after surprise rate cuts
The People’s Bank of China slashed interest rates in a unexpected move Monday, followed by a surprise cut to its medium term facility lending rate on Thursday.
NextEra considers restarting Iowa nuclear plant amid rising demand for carbon-free energy
NextEra CEO John Ketchum said the company is considering restarting the Duane Arnold Energy Center, though a risk assessment is needed.
Renewable energy demand will triple as electricity consumption surges, NextEra CEO says
NextEra’s business with tech and data center customers currently stands at seven gigawatts of renewable assets in operation and in backlog.
U.S. crude oil rebounds more than 1% after sell-off
The American Petroleum Institute reported that U.S. crude oil stocks fell by 3.9 million barrels for the week ended July 19, according to reports.
Oil prices drop to lowest levels in more than a month
SunPower stock collapses to nearly $1 as company halts leases, installations and shipments
SunPower’s stock has fallen more than 40% this week as the company may be nearing its end as an operating business.