March 13 (Reuters) – The International Energy Agency said the closure of the Strait of Hormuz has caused the biggest disruption to global oil markets in history, with supply expected to fall by around 8 million barrels per day in March, or about 8%. The agency’s member countries responded by agreeing to release a record…
Vernova (NYSE: GEV) manufactures equipment such as wind turbines and natural gas turbines for the energy industry. And according to the International Energy Agency (IEA), global electricity demand has increased: 4.3% in 2024, an acceleration from its 2.5% increase in 2023. A big driver of that trend is the tech sector’s ambitious construction of artificial…
Oil prices fell in early Asian trading on Monday, as a combination of rising supply concerns and escalating trade tensions between the United States and China weighed on sentiment. At the time of writing, Brent crude oil futures had fallen 0.29% to $61.11, while WTI was down 0.35% to $57.34. The continued decline comes on…
