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Drought Dashes Hopes For U.S. Hydropower Capacity

Hydropower is, along with nuclear, the best of both worlds in terms of electricity. It is a zero-emission source of energy, and its output can be adjusted in response to demand—a dispatchable source. The problem? It depends on the weather, and because of this dependence, hydropower managed to drag the total share of low-emission power generation down...

Fri Nov 1, 2024 01:01
Oil Prices Rebound, But Henry Hub Nat Gas Still Taking a Beating

U.S oil and gas prices have taken divergent trajectories, with oil prices rebounding while natural gas prices have continued to fall in Thursday’s session. Oil and gas prices crashed on Monday, with benchmark crude oil futures falling to their biggest one-day decline in more than two years after Israel launched limited attacks on Iran that disappointed...

Fri Nov 1, 2024 01:01
The U.S. LNG Export Boom Faces Challenges

The U.S. LNG export industry has recently hit several stumbling blocks. And who will be America’s president in the next four years may not even be the biggest. Litigation at court from environmental groups, a contractor bankruptcy, and President Joe Biden’s permit pause have combined to increase uncertainty for U.S. LNG project developers and exporters...

Fri Nov 1, 2024 00:02
Record Shale Production Helps ConocoPhillips Beat Profit Estimates

ConocoPhillips (NYSE: COP) is raising its ordinary dividend and share buyback program as its third-quarter earnings beat market expectations on the back of higher total oil and gas production and record output in the U.S. shale patch. The U.S. oil and gas producer reported on Thursday adjusted earnings per share of $1.78 for the third quarter, down...

Fri Nov 1, 2024 00:02
FAA Clears Path for Air Taxi Takeoff

Following years of big promises, the air taxi industry is now one step closer to providing innovative transport options to consumers in the U.S., as the Federal Aviation Administration (FAA) has formally recognised the new category of aircraft. However, the futuristic urban metropolises portrayed in so many movies of that past have yet to materialise,...

Thu Oct 31, 2024 23:01
Aston Martin's Pre-Tax Losses Plummet by 90% in Q3

Aston Martin's pre-tax loss was 90 percent lower during its latest financial period, boosted by a rise in wholesale volumes. The Warwickshire-headquartered luxury car maker has reported a pre-tax loss of £12.2m for its third quarter, down from the £117.6m loss it posted during the same three-month period in 2022. New figures filed with the London Stock...

Thu Oct 31, 2024 23:01

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