ENERGY

Authored by Leonard Hyman and William Tilles via OilPrice.com,

Yes, they are still building the Hinckley Point C nuclear power station in the United Kingdom, and yes the latest estimated cost is more than the previously estimated cost and the completion date has receded another two years into the (more…)

Authored by Katie Spence via The Epoch Times (emphasis ours),

To preserve a “livable planet,” the Earth can’t warm more than 1.5 degrees Celsius above pre-industrial levels, the United Nations warns.

(Illustration by The Epoch Times, Getty Images, Shutterstock)

Failure to maintain that level could lead to several catastrophes, including increased droughts and weather-related disasters, more heat-related illnesses and deaths, and less food and more poverty, according to (more…)

Oil prices were lower this morning, amid broad derisking after weak macro data and no immediate escalation in the Middle East.

API

• Crude -2.5mm (-800k exp)

• Cushing -2.0mm

• Gasoline +600k (+1.4mm exp)

• Distillates -2.1mm (-800k exp)

DOE

• Crude +1.23mm (-800k exp)

• Cushing -1.97mm

• Gasoline +1.16mm (+1.4mm exp)

• Distillates -2.54mm (-800k exp)

The official data showed a crude build (opposite to (more…)