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Venezuelan Oil Would Boost US Refiners, Hurt Canadian Producers

By Arathy Somasekhar and Georgina Mccartney US Gulf Coast refiners set to benefit if Venezuelan sanctions end Canadian crude will lose pricing power if Venezuelan oil flows freely Chinese independent refineries will seek alternatives if Venezuelan crude is redirected HOUSTON, Jan 6 (Reuters) – A full-scale resumption of Venezuelan oil exports would benefit refiners in …

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Vistra to Buy Cogentrix Energy in $4.7 Billion Deal Amid Surging Power Demand

Utility Vistra said on Monday it has agreed to buy Cogentrix Energy, comprising 10 natural gas-fired power plants, from Quantum Capital Group for about $4.7 billion, as it looks to meet growing power demand. Shares of the company rose nearly 5% in extended trading. The deal includes about $2.3 billion in cash, $900 million in …

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COMMENTARY: The 2025 Energy Transition in Eight Charts: Clean Wins, Dirty Setbacks

By Gavin Maguire LITTLETON, Colorado, Dec 30 (Reuters) – For supporters of the energy transition, 2025 had plenty to complain about: the scrapping of U.S. clean energy policies, wind droughts in Europe, corporate retreats from wind power generation and a resurgence in coal-fired power output. Yet there were also developments to celebrate, including record deployment …

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Energy Storage Boom Strengthens Demand Outlook for Beaten-Down Lithium

Summary Energy storage could be game changer for lithium – analyst says Demand bolstered by China power sector reforms, data centre boom BEIJING/SINGAPORE, Jan 5 (Reuters) – A boom in battery storage has bolstered the demand outlook for lithium in 2026, driving hopes for an accelerated turnaround for an industry struggling with oversupply. The lithium …

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How Hybrid Models Are Helping Keep Automakers’ Electrification Plans Afloat

With EV incentives no longer available, hybrid vehicle sales are gaining speed Takeaways by Bloomberg AI Hybrid vehicles are in high demand, with nearly one in six new cars predicted to be a hybrid next year, according to CarGurus Inc. The EV market is slowing in the US, with sales expected to plunge 30% in the …

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PG&E Restores Power to 11,000 San Francisco Customers After Equipment Failure

PG&E restores power to 11,000 San Francisco customers after equipment failure (Reuters) – PG&E Corp.  crews have restored power to about 11,000 San Francisco customers affected by an outage caused by overhead equipment failure, the company said on Monday. The outage, which began on Sunday at 7:45 p.m. PST (1145 GMT) in San Francisco’s Richmond neighbourhood, had …

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TOP 10 RELECTIONS on Information Technology Developments in 2025 – Yogi Schulz

By Yogi Schulz Information technology continues to develop rapidly, changing what’s possible. 2025 was no exception. Here are my Top 10 developments. Undoubtedly, there are multiple opportunities to apply these technologies more widely across your energy industry organization. 1. AI dominated every conversation In 2025, AI concepts, experimentation with generative AI, and speculation about future …

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COMMENTARY: Emissions Are Still Rising. That Doesn’t Mean We’re Failing

By Lara Williams Lara Williams is a Bloomberg Opinion columnist covering climate change. Takeaways by Bloomberg AI The Paris Agreement aims to limit climate change to “well below 2C above pre-industrial levels” and pursue efforts to keep the increase close to 1.5C, but carbon emissions continue to grow. Many experts believe the 1.5C temperature target is …

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BP Nears Deal to Sell Majority Stake in Castrol to Stonepeak, WSJ Reports

BP is nearing a sale of a majority stake in its Castrol lubricants unit to investment firm Stonepeak in a deal that values the entire division at $10 billion, including debt, the Wall Street Journal reported on Tuesday. As part of the deal, BP is set to receive roughly $6 billion in proceeds from the …

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