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The Latest Breaking News from Energy

Lebanon: US Ensures Egypt, Jordan are Exempted from Caesar Act on Gas Deal

The US Ambassador to Lebanon Dorothy Shea assured that progress has been made on the agreement to secure Egypt and Jordan from the Caesar Act in order to deliver natural gas to cash-strapped Lebanon. Shea made her assurance during a meeting with Lebanon’s caretaker Energy Minister Walid Fayyad on Friday.…

Asharq Al-Awsat

'We're going to need it': HumeLink project could be online earlier than expected

The Australian Energy Market Operator's roadmap for the national electricity market identified HumeLink as one five major transmission projects which should be progressed "as urgently as possible".

The Canberra Times

Vic $250 power bonus opens amid cost rises

Victoria's default energy offer will rise by about five per cent as a $250 power bonus becomes available for 2.5 million households across the state.

AAP

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Pallone presses White House to reinstate crude oil export ban - Roll Call

House Energy and Commerce Chairman Frank Pallone Jr. called on President Joe Biden to limit oil exports in response to high gasoline prices.

Roll Call

Victoria fridge discount program suspended

The Victorian government has removed incentives for energy-efficient fridges from an upgrade program as an investigation into alleged rorting continues.

AAP

3 Stocks With More Than 35% Short Interest

The stock market has witnessed a sharp decline since the beginning of the year due to geopolitical uncertainties and macroeconomic headwinds. Amid the concerns surrounding a potential recession, Arcimoto (FUV), Beyond Meat (BYND), and Nikola (NKLA) possess a significant short interest, implying bearish sentiment surrounding them. Moreover, these stocks are…

StockNews.com

RBC Capital Cuts Verisk Analytics Price Target By ~8%

RBC Capital analyst Ashish Sabadra lowered the price target for Verisk Analytics, Inc. (NASDAQ:VRSK) to $210 from $227 while maintaining the Outperform rating on the shares. The analyst expects 2Q22 revenues modestly below consensus as the tailwinds from strong insurance premium growth, international travel, and a potential uptick in auto insurance are more than offset…

Benzinga

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Must aim at 175 seats in 2024 polls: Peddireddy

Unlike TDP, implementing manifesto is our strength, he says

The Hindu

UAE’s Production Near Maximum Capacity Based on OPEC+ Baseline

The United Arab Emirates' oil production is near to maximum capacity based on its current OPEC+ production baseline, which is 3.168 million barrels per day, Energy Minister Suhail al-Mazrouei told state news agency WAM on Monday. “In light of recent media reports, I would like to clarify that the UAE…

Asharq Al-Awsat

Maharashtra signs deal with Adani Energy for 11000 MW green power generation

The MoU between Maharashtra government and Adani Energy would entail an investment of ₹60,000 crore and provide employment to 30,000 persons

The Hindu

House spending bills spread around $8 billion worth of earmarks - Roll Call

The House fiscal 2023 spending bills have 4,386 earmarks, for a total of $8.2 billion, a CQ Roll Call analysis found.

Roll Call

GE Makes Leadership Changes In Aviation Unit: All You Need To Know

General Electric Co (NYSE:GE) has named its current Chairman and CEO H. Lawrence Culp, Jr., to take up the additional role of CEO of GE Aviation, effective immediately. GE Aviation's current President and CEO, John Slattery, has been named Executive Vice President and Chief Commercial Officer of the business. GE named Russell…

Benzinga

PM kicks for touch on fuel, food prices

Wise men say putting the right man in the right job will get it done and done well. So when Prime Minister Prayut Chan-o-cha last week assigned the National Security Council (NSC) to take the lead in tackling energy and food problems, many eyebrows were raised, questioning the rationale of…

Bangkok Post

Sri Lanka Hikes Fuel Prices as US Delegation Arrives

Sri Lanka hiked fuel prices on Sunday, creating further pain for ordinary people as officials from the United States arrived for talks aimed at alleviating the island's dire economic crisis. Ceylon Petroleum Corporation (CPC) said it raised the price of diesel, used widely in public transport, by 15 percent to…

Asharq Al-Awsat

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Reuters

Honduras enacts month-long gasoline price freeze in inflation fight

The Honduran government passed a month-long freeze on increases in gasoline and diesel prices on Friday, the country's energy minister announced, making the Central American nation the latest to intervene as inflation causes gas prices to skyrocket worldwide.

AAP

Qld expands grid storage with big battery

A new 400MWh battery in southeast Queensland is the latest in a series of announcements as the state government investigates more energy storage options.

Tribune News Service

‘Constructive’ talk but no deal as Granholm meets oil execs

A meeting on Thursday of oil company executives and Energy Secretary Jennifer M. Granholm concerning high consumer gas prices and refining capacity was “constructive,” even as it failed to produce a policy to address prices at the pump, industry leaders said.

Bangkok Post

Refineries hit back at tax

A proposal to temporarily charge a tax on the oil refinery margin appears to be a last-ditch effort by the government to control soaring energy prices, but major refineries question the move aimed at trimming some of their profits.

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Bangkok Post

Ministry ridiculed over clay stove idea

The Energy Ministry insists it did not intend to promote Tao Maha Setthee (super rich clay stoves) as a substitute for their gas equivalents, saying it was merely a way for households to save on expenses.

The Independent UK

Oil industry says Granholm meeting sends 'positive signal'

Groups representing the oil industry and refiners say a meeting with Energy Secretary Jennifer Granholm was productive and should send a signal to markets that the United States is committed to long-term investments in the oil and refining industry

AAP

Energy market suspension set to be lifted

The Australian Energy Market Operator says the suspension of the wholesale electricity spot market will end on Friday afternoon.

Roll Call

'Constructive' talk but no deal as Granholm meets oil execs - Roll Call

A meeting of oil executives and Energy Secretary Jennifer M. Granholm concerning high consumer gas prices did not produce an agreement.

Axios

Why Biden can't bring gas prices down

Its conflicting goals are resulting in mixed messages and rising tensions with the energy industry.

The Independent UK

Biden, Chevron chief trade sharp words over gas prices

In a pointed back and forth, the head of Chevron has complained that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil company CEO was being “mildly sensitive.”

Bangkok Post

Accelerating ASEAN’s energy transition and clean mobility

Endorsed and hosted by Thailand's Ministry of Energy, under the patronage of H.E. Supattanapong Punmeechaow, Deputy Prime Minister of Thailand, the world’s largest organiser of energy exhibitions and conferences, dmg events, presents Future Energy Asia and Future Mobility Asia. The combination of events are dedicated to accelerating ASEAN’s energy transition…

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