Energy and technology companies’ earnings are expected to keep driving up stock indexes. But what’s driving up their profits are weighing on the economy.
Category: Energy and Power
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Why Markets Are Buoyant — and Under Pressure
The New York Times – Business: -
Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?
The New York Times – Business:Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.
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As a New Oil Power, China Gains More Sway Over Energy Markets
The New York Times – Business:The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.
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The Iran War Is Pushing Global Coal Use to Record Highs
The New York Times – On the Runway:Five years after virtually every world leader agreed to “phase down” the burning of coal for climate reasons, the fuel is more widely used than ever.
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This A.I. Start-Up Aims to Reverse the Backlash Against Data Centers
The New York Times – Business:Emerald AI, now valued at $1.05 billion, uses software to keep power demand at the computing facilities from getting out of control.
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Gulf Oil Giants Push to Expand Overseas Stockpiles as Iran War Drags On
The New York Times – Business:Saudi Arabia and the United Arab Emirates are seeking larger oil reserves in Japan and South Korea as regional conflict threatens supply routes.
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Energy Department Orders Data Centers to Tap Backup Power
The New York Times – Business:As triple-digit heat engulfs much of the United States, the Trump administration wants grid managers to require the use of backup power that often goes unused.
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Federal Energy Regulator Seeks to Limit Conflicts Over Data Centers
The New York Times – Business:The Federal Energy Regulatory Commission directed grid managers to make changes that protect individuals from higher electricity bills while giving data centers access to power faster.
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Rising Energy Costs and Data Centers at Heart of NextEra’s Dominion Bid
The New York Times – Business:NextEra’s proposed acquisition of Dominion Energy comes as Americans are paying a lot more for electricity, and data centers are demanding a lot more power from utilities.
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War and Energy Shortages Boost China’s Influence in Asia
The New York Times – Business:The war in Iran has left China’s neighbors appealing for help, handing Beijing the kind of sway it has long sought.
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As Oil Prices Stay High, China Doubles Down on Wind Power
The New York Times – Business:An industrial policy of subsidies and import restrictions laid the foundations for China to become almost as dominant in wind turbines as in solar panels.