Russia’s decision to ban exports of diesel — and gasoline — risks disrupting fuel supplies ahead of winter, but how deep the impact will be depends on how long it lasts. The nation shipped more than one million barrels a day of diesel-type fuel so far this year, narrowly making it the world’s biggest seaborne
To be clear cars=offshore energy equipment. There won’t be any more built. E-V-E-R…
Jason is breaking news on this one. What happens when you add ETF flows into companies buying back gobs of shares every year?
Microsoft is hiring for a principal program manager of nuclear technology to “be responsible for maturing and implementing a global small modular reactor (SMR) and microreactor energy strategy.” Late last year, the company procured Clean Energy Credits (CECs) from Canadian energy firm Ontario Power Generation (OPG) to power its data centers. The credits include power
Word is out: Microsoft is plunging ahead on nuclear energy. They want a fleet of reactors powering new data centers. And now they’re hiring people from the traditional nuclear industry to get it done. Why? Lack of stable long-term power, whether clean or dirty, is constraining Microsoft’s growth. They need to build big data centers
1) Assets sometimes undergo a sudden phase shift. Just like a liquid can become a gas when you add heat, the same can be said of public assets. It seems that uranium has now undergone a phase shift. The personality of the trading changed dramatically… 2) Think back to earlier this year. Uranium would rally
U.S. shale oil production is set to fall to nearly 9.40 million barrels per day (bpd) in August, which would be the first monthly decline since Dec. 2022, data from the Energy Information Administration showed on Monday. Output from the Permian basin, the top oil producing region in the country, is set to fall to
The shale patch is shedding rigs at the fastest pace since the height of the Covid-19 pandemic despite healthy oil prices. Behind the drop in rigs is a tale of the haves and the have-nots. Private companies, which added rigs at a breakneck pace as the pandemic abated, have drilled up many of their best
A nuclear fission start-up backed by Sam Altman is to go public through a merger with a special purpose acquisition company set up by the OpenAI chief executive in a deal that values the business at $850mn. Oklo, where Altman serves as board chair, has agreed a transaction with AltC Acquisition Corporation, a blank-cheque company