Nuclear power is ‘overblown’ as an energy source for data centers, power company CEO says
AES Corporation CEO Andrés Gluski said the ‘euphoria’ over nuclear power has been a ‘little overblown.’
Oil prices edge higher after weekly loss as Goldman sees supply deficit on summer fuel demand
Goldman Sachs sees a $75 floor and a $90 ceiling for Brent this year.
Saudi oil giant Aramco’s shares rise after stock sale set to raise $11.2 billion
Shares of Saudi Arabia’s Aramco rose on Sunday following a stock sale that’s set to raise the state oil company around $11.2 billion.
Former IRS employee charged in $2.1 million Exxon Mobil tax credit theft attempt in Utah
Prosecutors say former IRS worker Rodney Rupe of Utah accessed taxpayer databases in a scheme to swindle tax credits owed oil and gas giant Exxon Mobil
Renewable energy will be the predominant power source for data centers, Nextracker CEO says
Nextracker CEO Dan Shugar said solar energy is growing rapidly, with a massive mount of projects waiting for connection to the grid.
Crude oil heads for third straight weekly loss as supply and demand weigh on market
Oil market analysts have widely described this week’s sell-off as an overreaction to OPEC+ production increases.
Saudi Arabia set to raise over $11.2 billion from Aramco stock sale, priced at lower end of range
Saudi Arabia is set to raise more than $11.2 billion from its secondary public share offering in oil giant Aramco.
Oil prices gain for second day as ECB cuts rates, traders hope for Fed to ease in September
Oil prices closed more than 1% higher Wednesday, snapping a losing streak triggered by the OPEC+ decision to increase supply.
Oil prices rise but hover near four-month low on OPEC+ supply increase later this year
Warren Patterson, head of commodities strategy at ING, said the sell-off was overdone.
Oil market ‘oversold’? Analysts and traders pin crude’s price plunge on demand, trading strategies
Oil prices declines despite supply cut extensions from the OPEC+ alliance, with traders and analysts faulting the options market and weak demand.