Average U.S. nuclear capacity outages during the summer of 2024 (June 1 through August 31) decreased to about 2.6 gigawatts (GW) per day from 3.1 GW in 2023, similar to average summer daily outages in 2022. Outages this past summer were highest in mid-…
Lower global oil prices, weaker demand and prolonged OPEC+ production cuts led by Saudi Arabia continue to impact crude prices.
Talen Energy in March sold the data center campus to Amazon for $650 million, which would be powered by the nuclear plant in a first-of-its-kind deal.
The forecasts come amid a slowing Chinese economy, which has significantly hit oil demand and abundant global supply.
TotalEnergies CEO Patrick Pouyanne said he would be surprised to see the next U.S. president lose the country’s competitive advantage in energy.
Tech companies are investing in nuclear power as they hunt for carbon-free, reliable electricity to support artificial intelligence data centers.
Oil production will be driven by market dynamics, not the outcome of the presidential election, Darren Woods said.
Chevron’s stock is largely flat for the year, underperforming the S&P 500 energy sector which has gained more than 6%.
British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp drop in crude prices was offset by higher gas sales.
Goldman expects Brent prices to recover to $77 per barrel in the fourth quarter.