Hurricane Ida, which swept the US Gulf Coast, reduced the electrical load in the southern region of the independent Midcontinent network operator "MISO" at the end of last month. According to a report issued by the US Energy Information Administration,…
Continue ReadingEuropean shares slipped on Wednesday as worries about a slowing Chinese economy, declines in luxury and travel stocks and soaring UK inflation kept the main indexes under pressure. The benchmark STOXX 600 index was down 0.1% in morning trade, and…
Continue ReadingAt a time when many countries in the world are moving to abandon coal-fired power plants, the Australian government is taking a step forward and another backward, amid the insistence of the Canberra government to stick to coal plants, in…
Continue ReadingThe International Energy Agency expects global oil demand to return to pre-Corona levels in 2022, but it has lowered demand estimates this year, while Hurricane Ida caused global supply to decline during August for the first time in 5 months.…
Continue ReadingThe U.S. dollar steadied below a 2-1/2-week high that was hit in the previous session, as investors braced for inflation data that might offer clues on the timing of policy tightening by the Federal Reserve at a meeting next week.…
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