Sunday, January 26, 2025

Oil Down as Iraq says No Production Cuts

From Bloomberg Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma. The Organization of the Petroleum Exporting Countries (OPEC) announced plans last month to cut

Nuclear, NatGas in tug of War over New York’s Energy Future

From the Albany Times Union Gas plants sue to block zero emissions credit subsidy A challenge by natural gas power plant owners to a multibillion dollar state subsidy for nuclear plants revealed a tug of war between nuclear and gas interests that has been playing out behind the scenes in a New York climate change program. Gas plant owners sued