Tag: Energy

Power prices in Texas are expected to surge by 800% on Sunday evening as extremely hot weather pushes demand toward record levels, placing strain on the state power grid. While power prices on Saturday night hit a height of $275, electricity prices are poised to...

Electricity prices across Europe are plummeting towards sub-zero levels this weekend as a surge of summer winds welcomes the peak season for wind power generation. Data from Epex Spot SE on Saturday showed that energy prices are negative in nearly a dozen countries across the...

Argentina's first plant for lithium batteries is set to begin operations in September, mining officials stated on Saturday. The plant will produce lithium batteries using metal extracted locally by U.S. company Livent Corp. "We will start to produce the first lithium-ion battery cells in the...

Global oil demand is expected to slow down over the next few years, the International Energy Agency (IEA) predicted in its medium-term outlook. The agency attributes the demand dropoff to the transition toward renewable energy, spurred by high prices and Russia's invasion of Ukraine. The...

Canada's Toronto Stock Exchange clawed its way back from earlier declines on Tuesday, with energy stocks offsetting weakness in the financial industry after Barclays downgraded numerous bank stocks. The Toronto Stock Exchange's S&P/TSX composite index ended the day 0.58 higher at 20,585.73. The TSX's financials...

Proxy advisory firm Institutional Shareholder Services (ISS) warned Shell stakeholders on Saturday to vote against a climate activist resolution that has been introduced by the firm while still admitting that it does notice the merits of the proposal. Shell investors are set to vote on...