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By Eric Onstad As China limits exports, MP Materials leads US bid for alternatives Heavy elements dysprosium and terbium are hard to source Brazil emerges as key heavy rare earth ore exporter LONDON, Nov 19 (Reuters) – The West’s push to build a home-grown magnets supply chain to reduce its reliance on China – led …
West Scrambles to Fill Heavy Rare Earth Gap as China Rivalry Deepens Read More »
By Gianluca Lo Nostro Schneider signs two deals with US data centre operators New agreements expected to generate nearly $2.3 billion in sales Company says its solution can scale AI capacity without raising power demand Nov 19 (Reuters) – Schneider Electric (SCHN.PA) said on Wednesday that it had signed new deals worth almost $2.3 billion …
Schneider Electric Seals $2.3 Billion in US Data Centre Deals to Power AI Boom Read More »
Nov 19 (Reuters) – The Public Utilities Commission of Ohio on Wednesday ordered FirstEnergy’s (FE.N) Ohio utilities to pay $250.7 million in penalties and refunds after an investigation linked to a bribery scandal found the energy distributor broke state laws and rules. Ohio-based FirstEnergy previously admitted paying millions of dollars to state officials to pursue …
Ohio Regulators Order FirstEnergy to Pay More than $250 Million in Penalties and Refunds Read More »
(Reuters) – U.S. crude stocks fell as refining and export demand rose, while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.4 million barrels to 424.2 million barrels in the week ended November 14, the EIA said, compared with analysts’ expectations in a Reuters poll …
US Crude Stocks Fall on Higher Demand, Fuel Inventories Rise, EIA Says Read More »
By Anna Hirtenstein, Shariq Khan and Jarrett Renshaw LONDON/NEW YORK, Nov 18 (Reuters) – U.S. oil major Exxon Mobil (XOM.N) has joined rival Chevron Corp (CVX.N) in considering options to buy parts of sanctioned Russian oil major Lukoil’s (LKOH.MM) international assets, sources familiar with the matter said. Exxon is considering options for Lukoil assets in …
Exxon Joins Chevron in Pursuing Parts of Lukoil Global Empire, Sources Say Read More »
A race is on among energy companies to build a major fuel pipeline to the U.S. West Coast, a potentially lucrative prize as the planned closure of two California refineries threatens to send gasoline prices in the isolated market soaring. Motorists in West Coast states have long paid some of the country’s highest fuel prices …
California Refinery Closures Spark Pipeline Race to West Coast Read More »
Rising power demand driven by data centers is shrinking U.S. electricity supplies and increasing the risk of energy shortages if extreme winter weather strikes this year, the North American Electric Reliability Corporation said on Tuesday. The swift proliferation of data centers in the U.S., along with the electrification of buildings and transportation, is driving up …
US Data Center Demand Raising Power Risks This Winter, Regulator Says Read More »
(Reuters) – Global refining margins have hit multi-year highs in November due to sanctions on Russia, refinery outages and maintenance, according to LSEG data and analysts, and some see little respite without more plants being built in the Western world. The strength in margins contrasts with crude oil markets coming under pressure from an expected …
Global Oil Refining Profits Surge and May Stay Strong Read More »
The catalyst for the brighter outlook is the newly expanded Trans Mountain oil pipeline Canada’s oil sands are experiencing a comeback after years of living in the shadow of United States shale. Crude output is climbing to new highs, the nation’s top producers are seeing their shares soar and interest in the industry is rising among U.S. institutional investors. …
Canada’s Oilsands Make Their Comeback as U.S. Shale Plateaus Read More »
(Reuters) – Activist investment firm Kimmeridge Energy Management has taken a stake in U.S. shale producer Devon Energy, according to a stock market filing released on Friday. THE DETAILS Kimmeridge owned 5.66 million shares in Devon as of the end of September, the filing said. That would equate to an approximately 0.9% stake in Devon, …
Activist Investor Kimmeridge Takes Stake in US Energy Producer Devon Read More »
