Energy

Bloomberg UK gas prices for immediate delivery posted the the biggest weekly decline in five years as works on a pipeline to mainland Europe damp demand for the fuel. Prices fell as much as 40 percent from last week’s levels as maintenance on the Interconnector link with Belgium restricted exports, undermining demand already hurt by the prolonged shutdown of Britain’s ...

Bloomberg Nevada is boosting credits for solar power from rooftop panels in a move to revive the industry in the state and bring back sales from Tesla Inc.’s SolarCity and other installers. Governor Brian Sandoval signed a bill that will allow owners of solar panels to get 95 percent of the retail electricity rate for excess generation sent to the ...

Bloomberg China’s domination of energy markets — long the driver of soaring fossil-fuel consumption and rising carbon pollution — is now turning the planet in a cleaner direction. The biggest energy consumer is moving toward the end of an era after it burned the least coal in six years, became the number one producer of renewable energy and even lowered ...

ASTANA / WAM Ministers and high-level officials from 85 countries have sent a strong signal in a statement adopted at the Ministerial Conference during the Eighth International Forum on Energy for Sustainable Development, which has opened in Astana, Kazakhstan. Seven voluntary actions in the Ministerial Declaration outline ways to accelerate the transition to a sustainable energy system, from establishing national ...

Bloomberg The two biggest shale gas deposits in the US are producing a record amount of the power-plant fuel, signaling that a fight for market share will intensify as supply outstrips demand. As natural gas prices rebound from last year’s historic lows, output from the Marcellus shale basin in the US East and the Permian reservoir in Texas is driving ...

Bloomberg As Qatar grapples with deepening diplomatic isolation, Japanese liquefied natural gas buyers are pushing the world’s largest seller for cheaper supplies. Both Jera Co., one of the biggest LNG purchasers, and Tokyo Gas Co. haven’t decided if they’ll sign new deals with Qatar to replace current contracts that begin expiring in 2021, according to executives from both companies. The ...

Bloomberg A boom in natural gas exports from the US Gulf Coast is raising the prospect of traffic jams at one of America’s busiest ports. Weather delays from fog and storms are nothing new at the Houston Ship Channel, which links the prolific oil and gas fields of Texas and Louisiana to the rest of the world. But as more ...

Bloomberg A deal among oil-producing countries to curb production and balance an oversupplied market will achieve its objective in the first quarter of next year, Russian Energy Minister Alexander Novak said, after prices slipped on news of a build-up in US inventories. The Organization of Petroleum Exporting Countries and other crude producers including Russia agreed on May 25 to extend ...

Bloomberg The most intense heat of the year across the US East Coast may fire up electricity and natural gas prices as households and businesses crank up their air conditioners over the next several days. Simmering temperatures expected to sweep across the US Midwest, mid-Atlantic and Northeast over the next five days may boost power demand to a nine-month high, ...

Bloomberg In an eerily quiet nuclear reactor hall in southern Sweden, new copper and steel machinery stretching 50 meters and weighing hundreds of tons is just sitting idle. Bought from France and Germany as part of a $450 million upgrade at the now defunct Oskarshamn-2 facility, the turbines, steam pipes and feed-water pumps were supposed to help supply cheap electricity ...