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[ad_1] A data center. Erik Isakson | DigitalVision | Getty Images The rise of artificial intelligence is skyrocketing demand for data centers to keep pace with the growing tech sector — and pushing Europe to explore space options for digital storage, in a bid to reduce its need for energy-hungry facilities on the ground. Advanced Space…
[ad_1] The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Brandon Bell | Getty Images Iran has approved a plan to raise its oil output to four million barrels per day, the country’s Tasnim news agency said on Sunday, without providing a time frame. “An economic…
[ad_1] Occidental Petroleum Jay L. Clendenin | Los Angeles Times | Getty Images Occidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion. The deal is latest in a spate of consolidation in the U.S .energy sector, particularly in the Permian, the largest…
[ad_1] Cooling towers at a nuclear power plant in Slovakia. Nuclear power is likely to be discussed in great detail at the COP28 climate change summit in Dubai, United Arab Emirates. Janos Kummer | Getty Images News | Getty Images The role that nuclear power should play in creating a more sustainable future has long…
[ad_1] A working oil pumpjack is pictured in Taft, Kern County, California on September 21, 2023. Frederic J. Brown | Afp | Getty Images Oil prices inched up on Tuesday after an OPEC report said market fundamentals remained strong and due to concerns supplies might be disrupted as the U.S. cracks down on Russian oil…
[ad_1] Picture taken on May 3, 2022 shows a general view of Slovakia’s largest mineral oil refinery Slovnaft in Bratislava, Slovakia. Joe Klamar | Afp | Getty Images Record high oil prices could be on the horizon in the event of a conflagration of the ongoing Israel-Hamas war, the World Bank cautioned. Should the conflict…
[ad_1] Elevated bond yields and geopolitical uncertainty continued to be negative for stocks this week as the overall market moved into oversold territory. However, that set us up to put cash to work and make four small buys as our discipline mandates. We also upgraded one of our tech giants after it reported a stellar…
[ad_1] Workers connect drill bits and drill collars used to extract oil in the Permian basin outside of Midland, Texas. Brittany Sowacke | Bloomberg | Getty Images After three and a half years, a tripling in the S&P 500 Energy Index, and many soon-to-be-forgotten culture-war volleys, the U.S. Department of Energy announced Oct. 12 that…
[ad_1] PARIS: The world’s oceans set a temperature record in the past week, with their surface hitting 20.96 C (69.7 F), European Union climate observatory data showed on Friday. Ocean surface temperature reached 20.96C on July 30, according to the ERA5 database, while the previous record was 20.95C in March 2016, a spokeswoman said. Oceans…
[ad_1] LONDON — Oil major BP on Tuesday reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing a trend observed across the energy industry. The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.6 billion. Analysts had expected BP…