Oil ticks higher as traders await Fed decision, inventory data
Oil futures rose modestly early Wednesday, attempting to bounce after back-to-back losses as traders awaited an expected rate cut by the Federal Reserve and official data on crude and product inventories.
National Grid to Invest Up to $44.5 Billion in U.K. Electricity Transmission
The plan, which will nearly double the amount of energy that can be transported around the U.K., comes as energy utilities across Europe bet on a boom in demand amid rising electrification, industrial decarbonization, and AI applications.
The Firm That Wants to Power AI With Southern Yellow Pine
A U.K. electricity generator is winnowing U.S. sites for wood-burning power plants that pump their emissions underground.
Energy Stocks Are Dropping Because China's Slowdown Is Real
The International Energy Agency expects Chinese oil demand to grow by just 140,000 barrels a day in 2024, versus 1.4 million barrels in 2023.
Energy & Utilities Roundup: Market Talk
Find insight on Seatrium, Karoon Energy, APA and more in the latest Market Talks covering Energy and Utilities.
U.K. Sanctions Firm at Center of Secret Russian Oil-Trading Network
The U.K. called the commodities trader a linchpin in Russia's oil market as it moved to step up pressure on Moscow ahead of possible peace talks with Ukraine.
Tech-Loving Hedge Funds Have a Crush on Utility Stocks
Old-school power companies have become darlings among hedge-fund firms thanks to their starring role in the artificial-intelligence boom.
Biden Administration Agrees to Record $15 Billion Loan to PG&E
The Energy Department loan would finance the California utility's efforts to upgrade the power grid and reduce emissions.
Equinor Makes Oil and Gas Discovery in North Sea
The energy major said it probably wouldn't be commercial for development in isolation, but it is the second recent discovery in the area that the company plans to further explore.
Energy & Utilities Roundup: Market Talk
Read about Cnooc, Boss Energy and more in the latest Market Talks covering Energy and Utilities.
(END) Dow Jones Newswires
December 18, 2024 11:00 ET (16:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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