December 6, 2021
“…Consumers who use natural gas as their primary heating fuel, about 47% of U.S. households, can expect to spend 30% more this winter as they did last year, according to government estimates. The estimated average bill of $746 factors in… Continue Reading…
December 6, 2021
“U.S. natural gas futures plunged more than 10% on Monday, falling to the lowest level since August on forecasts for warmer-than-expected winter temperatures. The leg lower builds on last week’s more than 24% loss, which was natural gas’ worst week since… Continue Reading…
November 10, 2021
“The price of electricity in October increased 6.5% from the same month a year ago while consumer expenses paid to utilities for gas went up 28%, according to numbers released Wednesday by the U.S. Bureau of Labor Statistics. Fuel oil… Continue Reading…
November 9, 2021
“U.S. industrial giant General Electric will split into three companies following years of seeing its stock underperform, the company announced on Tuesday. The company will be divided into separate units focused on aviation, health care and energy. GE plans to spin off… Continue Reading…
November 9, 2021
“…Over the summer, investors forced a change on Exxon’s board. Since then, the company has been speeding up plans for its green economy pivot, which includes carbon capture and storage. Carbon capture is the process of capturing CO2 at its… Continue Reading…
November 4, 2021
“…The sector’s most popular benchmark, the Energy Select Sector SPDR ETF (NYSEARCA:XLE), climbed another 10% in October to bring its year-to-date gain to a market-beating 54.3% thanks to the oil price rally as well as stellar earnings… Nearly 60% of S&P 500… Continue Reading…
October 27, 2021
“Shares of Enphase Energy surged 23% at the opening bell on Wednesday after the company reported record revenue during the third quarter, despite ongoing headwinds from supply chain bottlenecks. The company, which makes microinverters and backup energy storage for solar systems, posted… Continue Reading…
October 11, 2021
“Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers. Brent crude was up $1.45, or 1.8%, at $83.84 a barrel… Continue Reading…
October 1, 2021
“European gas surged to a record 100 euros as China stepped up a global fight for energy supplies, in a move that threatens to derail the economic recovery. Prices later retreated. In volatile trading, benchmark futures gained as much 2.3%… Continue Reading…
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