Blackouts possible as California power grid declares emergency as usage, conservation climb

Blackouts possible as California power grid declares emergency as usage, conservation climb

This post was originally published on this site SACRAMENTO, Calif. — Staring at the possibility of Labor Day blackouts, managers of California’s power grid issued an extended Flex Alert for Monday afternoon and evening but warned that voluntary conservation might not be enough to keep the lights on. The Independent...

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Russia Halts Nord Stream Gas Pipeline

Russia Halts Nord Stream Gas Pipeline

This post was originally published on this siteWestern governments see the move by Moscow as the latest salvo in the Kremlin’s economic war on Europe.

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China’s surprise rate cut, economic slowdown send oil prices plunging

China’s surprise rate cut, economic slowdown send oil prices plunging

This post was originally published on this siteThe prospect of lower demand sent oil prices sliding 5 percent — pushing West Texas Intermediate crude to $87 a barrel.

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OPEC+ meeting to test Biden’s Saudi oil entreaty

OPEC+ meeting to test Biden’s Saudi oil entreaty

This post was originally published on this site The OPEC+ group of major oil exporters meets Wednesday to discuss its output strategy after US President Joe Biden lobbied Saudi Arabia to boost production to tame energy-fueled inflation. The cartel led by Saudi Arabia and Russia has resisted US pressure to...

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BP sees biggest profit in 14 years as energy bills soar

BP sees biggest profit in 14 years as energy bills soar

This post was originally published on this siteThe firm reported profits of $8.45bn in the second quarter of the year as oil and gas prices jumped.

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Gas prices soar as Russia cuts German supply

Gas prices soar as Russia cuts German supply

This post was originally published on this siteThe Nord Stream 1 pipeline is now operating at just a fifth of its usual capacity.

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Russia Resumes Nord Stream Natural-Gas Supply to Europe

Russia Resumes Nord Stream Natural-Gas Supply to Europe

This post was originally published on this siteThe restart of the pipeline buys time for governments to decouple from the Kremlin’s exports amid what they expect will be an increasingly unreliable supply of energy heading into the winter.

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Saudi Arabia Reveals Oil Output Is Near Its Ceiling

Saudi Arabia Reveals Oil Output Is Near Its Ceiling

This post was originally published on this siteThe world’s biggest crude producer has less capacity than previously anticipated.

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Texas’ Power Grid Is Straining — And It’s Not Even August

Texas’ Power Grid Is Straining — And It’s Not Even August

This post was originally published on this siteThe state’s energy provider has resorted to asking people to cut back on air conditioning, but bigger measures are needed to take pressure off the grid.

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Here’s How Putin Is Squeezing Europe by the Balls

Here’s How Putin Is Squeezing Europe by the Balls

This post was originally published on this siteContributor#8523328 The spigot on Europe’s largest gas pipeline funneling Russian gas into the bloc closed at 6 a.m. Monday for a ten-day maintenance, and almost no one believes it will be turned back on as scheduled. Repairs on the Nord Stream 1 pipeline—which...

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