Tag: energy

Feb 26

Investors flee tumbling EV upstarts once hailed as ‘next Tesla’

Breadcrumb Trail Links Investor Energy Electric Vehicles Shares of Rivian, Lucid well off their peaks Author of the article: Bloomberg News Esha Dey Published Feb 26, 2024  •  4 minute read Join the conversation A Rivian electric vehicle sits in a lot at a Rivian facility in Chicago. Rivian’s stock plummeted more than 25 per […]
Feb 26

Trans Mountain Pipeline Seen Driving Canadian Oil to Three-Year High

Article content (Bloomberg) — Canada’s relatively cheap heavy crude is set to spike temporarily in the coming months as a massive new export pipeline starts operations just as oil-sands companies curtail production.   Western Canadian Select’s discount to US benchmark West Texas Intermediate may shrink from its current level of about $17.10 per barrel to […]
Feb 25

AI Is Exploding Data Center Energy Use. A Google-Created Technique May Help

Breadcrumb Trail Links PMN Business Data center operators are shifting computing power to locations where the cleanest electrons are, in an effort to reduce tech’s carbon footprint. Author of the article: Bloomberg News Naureen S Malik Published Feb 25, 2024  •  5 minute read Join the conversation hjwwu1aawf{6g3tu]7bw5{q7_media_dl_1.png Source: Dominion Energy Article content (Bloomberg) — […]
Feb 23

Italy Sounds Out Ukrainian, Indian Investors to Rescue Steel Plant

Breadcrumb Trail Links PMN Business Giorgia Meloni’s government is in preliminary talks with domestic, Ukrainian and Indian investors for a potential bid to rescue Italy’s biggest steelmaker. Author of the article: Bloomberg News Alberto Brambilla Published Feb 23, 2024  •  2 minute read Join the conversation Chimneys of Acciaierie d’Italia steel plant, formerly known as […]
Feb 23

French Finance Minister Le Maire Stirs Discord With Two-Speed Pitch for EU Markets Unity

Breadcrumb Trail Links PMN Business French Finance Minister Bruno Le Maire slammed the European Union for making only sluggish progress in bolstering capital markets, raising tensions over a project officials say is crucial to avoid prolonged economic weakness. Author of the article: Bloomberg News William Horobin and Jorge Valero Published Feb 23, 2024  •  3 […]
Feb 22

Ecopetrol Fails to Confirm Offshore Gas Potential in Orca

Article content (Bloomberg) — Colombia’s state energy company, Ecopetrol SA, has determined that a natural gas deposit in the Caribbean Sea that officials were counting on to shore up the nation’s dwindling reserves is significantly smaller than initially estimated. Officials said Thursday that they are now reevaluating the discovery, named Orca-1. In the processes of […]
Feb 19

Guyana President Urges ‘Immediate’ Development of Gas Resources

Article content (Bloomberg) — Guyana President Irfaan Ali called for the “immediate” development of its gas resources to make the South American country a regional energy powerhouse on top of its rapidly-growing oil exports.  The government is requesting that companies propose strategies to produce more gas, Ali said at the Guyana Energy Conference & Supply […]
Feb 18

Traders Scour Fuel Markets for Profits as Crude Prices Drift Sideways

Breadcrumb Trail Links PMN Business Trading activity in fuels is surging the most in years as a listless crude market pushes investors to seek money-making opportunities in more niche products. Author of the article: Bloomberg News Alex Longley and Devika Krishna Kumar Published Feb 18, 2024  •  3 minute read Join the conversation ntn{pfa)2iz0tldxo(qhy1xy_media_dl_1.png ICE […]