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The Latest Breaking News on Energy

Is It Too Late to Get in on Peabody Energy?

Coal mining company Peabody Energy (BTU) has gained more than 120% this year due to the resurgence of coal consumption. Is it too late to get in on the stock now? Read on to find out….

StockNews.com

Shelling at Zaporizhzhia nuclear power plant poses a growing problem

Shelling has destroyed power infrastructure at the Ukrainian city of Enerhodar where staff operating the Russian-held Zaporizhzhia nuclear power plant live, posing a growing threat to the plant, the UN nuclear watchdog said on Friday. Meanwhile Russian forces have killed two staff members.

France 24

Don’t mention rationing: why energy crisis may need another Truss U-turn

National Grid is taking blackout risk seriously, yet PM remains reluctant to take action to limit energy usage

The Guardian - UK

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‘A broken system’: campaigners urge Liz Truss to rethink energy plan

Climate activists, anti-poverty groups and trade unionists plan wave of protests in autumn

The Guardian - UK

Greater Manchester says no to fracking despite new PM Liz Truss overturning ban

"They're saying 'frack the North because it's fine, because it's away from all of us'. I'm not having it"

Manchester Evening News

Derry mayor to host rally to highlight rising cost of living

"People are already struggling to pay their bills. This is a cost-of-living emergency"

Belfast Live

The Tories spent a decade putting fossil fuel profits first. Now we’re all paying the price

Instead of home insulation and cheap renewables ministers have given us fracking, says Max Wakefield, a director at climate action group Possible

The Guardian - UK

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Russia warns the West: energy price cap will be your undoing

Russia warned the West on Friday that plans to try to cap the price of Russia's oil and gas exports in retaliation for the war in Ukraine would fail and ultimately lead to the instability of the United States and Europe.

Reuters

Ukrainian nuke plant operating tenuously as war persists

Ukraine’s state nuclear energy operator says Europe’s largest nuclear power plant, caught in the Ukraine-Russia war, is operating in emergency mode with elevated risk

The Independent UK

Commentary: Our too little, too late climate action means triage more than prevention

Two years ago the sky above my San Francisco Bay Area home was a dark pumpkin orange from wildfire smoke. The air smelled of wood fire, and gray ash covered my car. Today the bay’s waters are dark brown from a harmful algal bloom and the air smells of decay…

Los Angeles Times

EU nations seek joint approach to contain energy price

The European Union has intensified its mission to shield the population from excessive energy prices that could dump millions into cold and poverty over the winter in the wake of Russia’s war in Ukraine that is driving up global energy prices

The Independent UK

Furious residents of Clare town fear for health after new data centre with gas plant approved

Plans for the site include a 4,674 sq m power station with 18 gas engines, 25-metre chimneys and 66 back-up diesel generators

Irish Mirror

EU Ministers Seek Ways to Face Energy Shock

EU energy ministers on Friday will attempt to forge a united response to the energy shock from Russia's war on Ukraine that has sent prices for electricity and heating skyrocketing. Moscow's invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty with…

Asharq Al-Awsat

Gas to Flow 'in Weeks' from Israeli Licensed Field Disputed by Lebanon

A London-listed company licensed by Israel to extract gas from a maritime field that is in part claimed by Lebanon announced Thursday that it would begin yielding output within weeks. The "assets have outperformed our expectations and our flagship Karish project is on track to start production within weeks," Energean…

Asharq Al-Awsat

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The Conversation

'Untenable': even companies profiting from Australia's carbon market say the system must change

This week, several of the largest companies that profit from Australia’s carbon market called for changes to the system. They said the rules that govern the issuing of carbon credits to some projects were too lax and the market’s integrity should be improved.

Bangkok Post

Gulf Energy invests $409m for 49% stake in US gas-fired plant

SET-listed Gulf Energy Development (Gulf) on Friday said it has invested US$409 million in a 49% stake in Jackson Generation, a 1,200-megawatt natural gas-fired power project in Illinois, its first expansion into the United States.

Reuters

EU to claw back energy firms' profits rather than cap Russian gas price

European Union energy ministers on Friday tasked Brussels with drafting proposals within a few days to cap the revenues of non-gas energy producers and help power firms stay afloat.

Los Angeles Times

As heat wave strains California energy grid, wildfire smoke could limit solar power

LOS ANGELES — As an unprecedented heat wave continues to strain California’s power grid, officials have issued a ninth straight Flex Alert — this one slated to last two hours longer than the previous daily statewide announcements to limit energy consumption.

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Tribune News Service

Biden team weighs new oil release among steps to rein in prices

WASHINGTON — Officials within President Joe Biden’s administration are hunting for ways to head off a feared spike in oil prices later this year, including the possibility of an additional release from the nation’s emergency crude reserves.

Los Angeles Times

Pipeline operators to plead no contest in Orange County oil spill and pay nearly $5 million

LOS ANGELES — The Texas company operating the pipeline that caused a massive oil spill in the waters off Huntington Beach agreed to plead no contest to state environmental charges and pay nearly $5 million in fines and penalties, prosecutors announced Thursday.

The Guardian - UK

Energy ministers to thrash out EU approach to gas and electricity crisis

Talks expected to be complex, with some member states strongly against proposed price cap on Russian gas

Los Angeles Times

California asked to conserve energy for even longer on 9th day of 'flex alerts'

LOS ANGELES — As an unprecedented heat wave continues to strain California's power grid, officials have issued a ninth straight "flex alert" — this one slated to last two hours longer than the previous daily statewide announcements to limit energy consumption.

Bangkok Post

Cooking gas price cap remains

The Energy Policy Administration Committee (Epac) has decided to continue to cap liquefied petroleum gas (LPG) at 24.87 baht per kilogramme until the end of October to ease the living costs of cooking gas users.

Bangkok Post

China's drought sparks coal fears

China's drought has sent coal prices surging as traders anticipate the lack of hydroelectric generation will force it to burn more coal to meet electricity demand this winter.

StockNews.com

2 Other Oil Stock to Buy Before Devon Energy

Despite looming supply-chain issues, the global energy sector is expected to remain afloat, supported by robust demand. Large-cap energy stock Devon (DVN) has performed well this year amid the soaring energy prices. However, other popular oil stocks, Marathon Oil (MRO) and APA (APA) could be better buys than DVN. Read…

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