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The Latest Breaking News from Energy

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

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

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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

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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

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.

Reuters

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.

AAP

‘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.

Tribune News Service

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.

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.

Bangkok Post

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

The Independent UK

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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.”

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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…

Bangkok Post

Dem wants energy minister to be grilled

Democrat MP for Ratchaburi Akkaradej Wongpitakroj on Monday urged the opposition to grill Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow in the upcoming censure debate.

ABC News

Quiz: Can you pick fact from fiction when it comes to keeping warm in winter while still saving power?

We've been urged to keep an eye on our electricity usage, which can be tricky during winter. Can you tell fact from fiction when it comes to energy-saving information?

The New Daily

Paul Bongiorno: Peter Dutton still fighting the last election suits Labor

The unequivocal message voters sent the Coalition at the election is completely lost on new Opposition Leader Peter Dutton.

Reuters

Greece to subsidise new fridges, air conditioners to cut energy bill

Greece will offer households subsidies to help them replace their old fridges and air conditioners and cut down on soaring power bills, the government said on Monday.

ABC News

The Loop: Ukraine prepares for more attacks, A-G 'deeply concerned' by ABC revelations, and debate over energy scheme

Here's your TL;DR for today's news.

AAP

Greens hit back at proposed power plan

Adam Bandt has labelled the Australian energy market "a broken system" after companies withheld power due to supply not being in their economic interest.

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