ENERGY

Oil prices were higher again this morning (3rd day in a row, at two week highs) as traders and shippers braced for the prospect of more disruptions in the Red Sea.

The escalated geopolitical risks have introduced a premium to an oil market plagued by skepticism that OPEC+ will adhere to production cuts and concerns that supplies from outside the cartel are increasing, especially from the US. Some of that concern has been tempered by wagers that global central banks will embark on a (more…)

Authored by EurasiaNet via OilPrice.com,

• The modernization, costing $65 million, will be carried out by Rustatom Service JSC, a Rosatom subsidiary.

• Metsamor NPP, contributing 31% of Armenia's electricity, will be upgraded to operate until 2036 before decommissioning.

• Amid political efforts to diversify alliances, Armenia remains heavily reliant on Russia for energy, with Russia supplying most of its gas and all uranium for the nuclear plant.

On December 15, (more…)

Authored by Rupert Darwall via RealClear Wire,

“This is not about complicated issues of cryptocurrency,” assistant U.S. attorney Nicolas Roos declared in the Sam Bankman-Fried trial, after accusing the defendant of building FTX on a “pyramid of deceit.” Much the same can be said about the foundations of Britain’s net zero experiment. Energy is complicated, and electricity is essential to modern society and our quality of life, but as with FTX, the underlying story is (more…)