energy News
BP Flags Up to $5 Billion Writedown on Energy Transition Assets
Impairment charges, primarily linked to its renewable energy portfolio, highlight the financial hurdles of its strategic pivot ahead of fourth-quarter results.
Oil Producers Face Headwinds as EIA Forecasts Sustained Price Decline
The U.S. Energy Information Administration's latest outlook predicts Brent crude falling to $56 in 2026, yet near-term market prices rallied on geopolitical tensions.
Altus Power Acquires 237 MW Solar Portfolio from Greenbacker
Deal involves over 100 solar and storage assets across 18 states, significantly expanding Altus Power's national clean energy footprint.
US Offshore Wind Sector Gets Boost as Court Lifts Project Suspension
Orsted's Revolution Wind farm to resume construction after federal judge overturns government's halt, providing a positive signal amid industry-wide headwinds.
Ormat Stock Hits 52-Week High on Data Center Power Deal
The geothermal company secured a 20-year agreement to supply 13MW of clean energy to a Switch data center, signaling strong demand from the tech sector.
Energy Sector Gains as Iran Unrest Sparks Oil Supply Jitters
Crude prices jumped over 2% on fears that escalating conflict in the major OPEC producer could disrupt global supply, boosting shares of oil and gas companies.
Oil Market on Edge as Iran Tensions Clash With Supply Glut
Crude prices are caught in a tug-of-war between a well-supplied market and the growing risk of a significant geopolitical disruption in the Middle East.
Nuclear Energy Heats Up as AI’s Insatiable Power Demand Grows
The artificial intelligence boom is creating a potential energy crisis, pushing investors and tech giants to champion nuclear power as a critical solution.