Natural-gas futures have lost half their value in the first quarter
Most commodities have declined in the first three months of the year, with concerns over the banking...
Most commodities have declined in the first three months of the year, with concerns over the banking crisis and a potential economic recession hitting the energy sector.
Natural gas was among those posting the largest losses, with U.S. prices for the commodity losing around half their value in the first quarter, and touching their lowest level in more than two years earlier this month.
As of March 30, the S&P GSCI, a benchmark for investments in the commodity markets, eyed a decline of more than 7% for the first quarter.
U.S. steel and iron-ore futures, meanwhile, bucked the trend to trade higher, in part due to higher demand in the wake of the reopening of China's economy.
California will require half of all heavy trucks sold in the state to be electric by 2035, in an aggressive push to clean up the worst polluters.
The regulation will apply to garbage trucks, tractor-trailers, cement mixers, and other heavy vehicles....
The regulation will apply to garbage trucks, tractor-trailers, cement mixers, and other heavy vehicles. It comes on the heels of a rule passed last year requiring all new passenger vehicles sold in the state to be electric by 2035.
The US and Japan are home to some of the world's best geothermal resources, yet the technology has been...
The US and Japan are home to some of the world's best geothermal resources, yet the technology has been slow to take off and Kenya's experience scaling the energy source could be a lesson for other nations. Kenya sourced nearly 50% of its power from geothermal in 2021 -- more than any other country -- and had to overcome environmental and Indigenous concerns to get there. Geothermal is also finding success in Indonesia and Iceland.
Venture Global LNG faces startup delays at Calcasieu Pass
Venture Global LNG has declared force majeure on some customers and informed long-term buyers of delays...
Venture Global LNG has declared force majeure on some customers and informed long-term buyers of delays to the commercial start-up of the Calcasieu Pass export terminal, citing ongoing repair work at a power generation unit and periodic reliability issues, per a letter sent to the Federal Energy Regulatory Commission. "Although these circumstances do not raise any safety concerns, the units will require extensive repairs and replacements before the power island can function reliably and as designed," the company explained.
Court finds Va. water permit valid for $6.2B pipeline
The US Court of Appeals for the 4th Circuit has determined the Virginia Department of Environmental Quality...
The US Court of Appeals for the 4th Circuit has determined the Virginia Department of Environmental Quality had properly reviewed the Mountain Valley Pipeline project before granting a Clean Water Act permit. Construction of the 303-mile, $6.2 billion pipeline is nearly finished, but environmental groups say they plan to continue challenging the project.
