China’s Spending on Green Energy Is Causing a Global Glut

China’s Spending on Green Energy Is Causing a Global Glut

Listen to article (1 minute) China’s newest solar-energy manufacturers include a dairy farmer and a toy maker. The new entrants are examples of a green-energy spending binge in China that is fueling the country’s rapid build-out of renewable energy while also creating a glut of solar components that is rippling through the industry and stymying … Read more

U.K. Hits Russian Gold, Oil Sectors With New Sanctions Package

U.K. Hits Russian Gold, Oil Sectors With New Sanctions Package

The U.K. government has sanctioned 29 entities and individuals operating in and supporting Russia’s gold and oil sectors, in an effort to cut off revenue streams funding its war in Ukraine. Entities sanctioned Wednesday include Nord Gold and Highland Gold Mining, two of the largest producers of Russian gold, and Paloma Precious DMCC, a United … Read more

E.ON Raises Investment Target But Expects Price Reductions to Hit Earnings

E.ON Raises Investment Target But Expects Price Reductions to Hit Earnings

E.ON raised its investment target for the full year but said it expects fourth-quarter earnings to suffer the impact of price reductions for electricity and gas customers. The German energy company said Wednesday that it plans to invest a total of 6.1 billion euros ($6.53 billion) from previously EUR5.8 billion. From 2023 to 2027, investments … Read more

A Westernprice cap on Russian oilmeant to curb Moscow's war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

A Westernprice cap on Russian oilmeant to curb Moscow's war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

A Western price cap on Russian oil meant to curb Moscow’s war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

Maine Election: Voters Decide Power Companies’ Future With Ballot Measure

Maine Election: Voters Decide Power Companies’ Future With Ballot Measure

Updated Nov. 4, 2023 11:46 am ET Maine’s voters will decide Tuesday whether to take a rare step: a hostile takeover of their biggest electric companies.  A measure on the ballot there would create a consumer-owned replacement called “Pine Tree Power” by buying out two investor-owned companies that currently serve nearly all Mainers. Proponents, which … Read more

Energy & Utilities Roundup: Market Talk

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0048 GMT – Oil prices edge higher in early Asian trade amid a broad pick up in risk appetite across markets, ANZ analysts say in an email. The risk on tone is aided … Read more

Basic Materials Roundup: Market Talk

Basic Materials Roundup: Market Talk

Oct. 16, 2023 12:35 pm ET The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

U.S. Oil Inventories Rise as Domestic Production Hits Record High

U.S. Oil Inventories Rise as Domestic Production Hits Record High

U.S. oil inventories jumped by 10.2 million barrels last week, much more than expected, as domestic production hit a record high. Source link

Oil Prices Don't Need War in the Middle East to Keep Rising

Oil Prices Don't Need War in the Middle East to Keep Rising

The escalating conflict comes against the backdrop of already tight oil market. Source link

Why the Israel-Hamas War Matters for Investors

Why the Israel-Hamas War Matters for Investors

While market moves were initially muted, what should be a concern is the potential for the war to escalate. Source link