UAE Considering Building A Second Nuclear Power Plant | ZeroHedge

Authored by Alex Kimani via OilPrice.com,

The United Arab Emirates is considering building a second nuclear power plant to meet surging electricity demand, a government official has told Reuters. 

Home to 10 million people, the UAE commissioned the first unit of the Barakah Nuclear Energy Plant in 2020, becoming the first Arab country to build a nuclear power plant. 

The UAE completed the fourth unit of the power plant in 2023 with total construction costs (more…)

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We Need An Energy Policy That Promotes Our National Security | ZeroHedge

Authored by Robert O'Brien & Neil Auerbach via RealClearEnergy,

Energy policy is not just a matter of governing approach, it is fundamental to our national security posture and economic resilience. The United States stands at a crossroads, and it is imperative we adopt an energy strategy that prioritizes our national interests, promotes clean air and water and economic growth, and ensures America’s global leadership. As the former National Security Advisor to President Trump, (more…)

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WTI Extends Gains As Crude Inventories Tumble To Lowest Since Feb | ZeroHedge

Oil prices are surging this morning, playing catch up to gold and crypto,

 

DOE

  • Crude -4.87mm (-275k exp)

  • Cushing -875k

  • Gasoline +3.328mm

  • Distillates +3.454mm

US crude stocks fell for the third straight week (more than expected)

Source: Bloomberg

This draw dragged crude stocks down to their lowest since February…

Source: Bloomberg

The Biden admin added 650k barrels to SPR last week…

Source: (more…)

Continue ReadingWTI Extends Gains As Crude Inventories Tumble To Lowest Since Feb | ZeroHedge