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Energy

PG&E’s Profits Skyrocket as Revenues from Electricity and Gas Soar

by James Odonell
PG&E’s Profits Skyrocket as Revenues from Electricity and Gas Soar

OAKLAND — PG&E profits have surged in the second quarter of 2023, driven by strong growth in revenue from its electricity and gas divisions, according to the company’s report on …

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Categories Politics

Oil prices set to drop as OPEC+ alliance breaks

by Milton Acorn
Oil prices set to drop as OPEC+ alliance breaks

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman speaks during the 8th OPEC International Seminar in Vienna, Austria, July 5, 2023. Xinhua News Agency | Xinhua News Agency | Getty …

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Categories Science

2022 sees record-breaking coal consumption, IEA reports

by Adrian Jhonsan
2022 sees record-breaking coal consumption, IEA reports

Freight trains loaded with coal in China on Jan. 12, 2022. According to the IEA, coal consumption hit a record high last year. Huang Shipeng | Visual China Group | …

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Categories World

Shell, the oil giant, reports $5.1 billion in profit for the second quarter.

by Milton Acorn
Shell, the oil giant, reports .1 billion in profit for the second quarter.

General view of the Shell logo. Picture Alliance | Picture Alliance | Getty Images LONDON — British oil giant Shell on Thursday reported a 47% year-on-year drop in second-quarter profit, …

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Categories Science

Report asserts wind, solar, and EVs as Japan’s most cost-effective net zero climate solution

by Craig Fedirighi
Report asserts wind, solar, and EVs as Japan’s most cost-effective net zero climate solution

The cheapest way for Japan to meet its 2030 emissions reduction and mid-century net zero goals is to deploy mature, clean technologies like wind and solar generation, as well as …

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Categories Business

UN starts oil extraction mission to prevent potentially disastrous oil spill

by Milton Acorn
UN starts oil extraction mission to prevent potentially disastrous oil spill

A view of decaying FSO Safer oil tanker anchored 60 kilometers (37 miles) north of the port of Hudaydah, Yemen on July 15, 2023. Anadolu Agency | Anadolu Agency | …

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Categories Science

US stock market: Dow takes lead on Wall Street as investors shift focus beyond technology

by Craig Fedirighi
US stock market: Dow takes lead on Wall Street as investors shift focus beyond technology

The Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as investors bet on sectors beyond technology in a week …

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Categories Business

Chris Bowen, Australian Minister, explains why nuclear power is not part of the country’s energy mix

by Milton Acorn
Chris Bowen, Australian Minister, explains why nuclear power is not part of the country’s energy mix

Nuclear energy has never been part of Australia’s energy mix as it has abundant renewables, according to Australia’s minister for climate change and energy. “I’m not here to tell other …

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Categories Science

Energy Australia Announces Upcoming Electricity Bill Increases across Queensland, NSW, South Australia, and ACT

by Craig Fedirighi
Energy Australia Announces Upcoming Electricity Bill Increases across Queensland, NSW, South Australia, and ACT

Australian households struggling under mounting cost of living pressures will be hit with another price hike this week as a major energy provider raises its costs in several states. From …

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Categories Business

Goldman Sachs foresees prices surging as oil demand reaches unprecedented levels

by Adrian Jhonsan
Goldman Sachs foresees prices surging as oil demand reaches unprecedented levels

Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images Goldman Sachs expects record demand …

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Categories World
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