Month: July 2021

(Bloomberg) — Oil advanced, closing above $75 a barrel for the first time since 2018, with an OPEC+ deal left in limbo after producers earlier signaled a tentative agreement to only gradually increase supplies through the end of the year. Futures in New York jumped 2.4% on Thursday, the biggest gain in more than a
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This image shows Geothermal Engineering Ltd’s proof of concept power plant on the United Downs Industrial Estate in Cornwall, England. The U.K.’s fledgling geothermal energy sector has reached a new milestone after it was announced Thursday that a “proof of concept power plant” in Cornwall had started to produce geothermal steam. The steam, which can
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Originally published on NRDC Expert Blog.By Sameer Kwatra, Co-authored with Nitish Arora India, the world’s fourth-largest renewables market and fifth-largest automobile producer, is also the world’s third-largest oil importer. By transitioning to renewable energy powered electric vehicles, the country can save billions on energy imports, drastically improve air quality in India’s cities, while combating the climate crisis already impacting
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(Bloomberg) — Oil advanced with investors awaiting a key meeting between OPEC+ producers on output policy while a stalemate in Iranian nuclear talks drags on. Futures rose 0.7% in New York on Wednesday. The OPEC+ alliance will meet Thursday to discuss output plans with Russia weighing a proposal to boost supply and Saudi Arabia signaling
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