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Search resuls for: "” Fatih Birol"


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☆ Clean Energy’s Powerful Momentum
  + stars: | 2023-10-24 | by ( Manuela Andreoni | More About Manuela Andreoni | ) www.nytimes.com   time to read: +1 min
For the past few months, we’ve been telling you all about the U.S. energy transition that’s arriving faster than you think. But the move toward solar is global: the study’s authors expect solar to be the cheapest source of electricity in almost all countries by 2027. “The transition to clean energy is happening worldwide and it’s unstoppable,” Fatih Birol, executive director of the International Energy Agency, told Brad. Between 2010 and 2020, the study found, the cost of solar cells fell by 15 percent each year. “The pace of decline in price initially surprised many people,” my colleague Ivan Penn, who covers the energy sector, told me.
Persons: we’ve, Fatih Birol, Brad, Ivan Penn Organizations: International Energy Agency
☆ Stock Market Today: Asian Shares Slip Further as Higher US 10-Year Treasury Yield Pressures Wall St
  + stars: | 2023-10-20 | by ( Associated Press | Oct. | At A.M. | ) www.usnews.com   time to read: +4 min
But when excluding both fresh food and fuel prices, inflation was 4.2%, still close to the 40-year peak of 4.3% recorded earlier this year. As the reference point for much of the financial world, the 10-year yield helps set prices for all kinds of investments and loans. The yield on the 10-year Treasury touched 4.99%, up from 4.91% late Wednesday, before paring its gain to 4.98%. Early Friday, the 10-year Treasury yield was 4.94%. A higher 10-year yield makes mortgages more expensive, knocks down prices for investments and makes it costlier for companies to borrow and grow.
Persons: Biden, ” Fatih Birol, Hong, Australia’s, India’s Sensex, Tesla, Jerome Powell, That’s, It’s, Brent Organizations: Treasury, ., Department of Energy, Strategic Petroleum Reserve, ”, Associated Press, Nikkei, China, Dow Jones, Nasdaq, Big Tech, Netflix, New York Mercantile Exchange, U.S Locations: HONG KONG, Paris, Shanghai, Seoul
☆ Long Lines at Gas Pump Unlikely, but Middle East Crisis Could Disrupt Oil Supplies, Raise Prices
  + stars: | 2023-10-20 | by ( Associated Press | Oct. | At A.M. | ) www.usnews.com   time to read: +8 min
Fluctuations since the attack pushed oil prices as high as $96. Until something like that happens, “the oil market is going to be like everyone else, monitoring the events in the Middle East,” Lipow said. One reason 1970s-style gas lines are unlikely: U.S. oil production is at an all-time high. Weekly domestic oil production has doubled from the first week in October 2012 to now. Lawmakers from both parties have urged Biden to block Iranian oil sales, seeking to dry up one of the regime’s key sources of funding.
Persons: ” Fatih Birol, ”, Andrew Lipow, ” Lipow, Mike Sommers, Sommers, “ America’s, “, Joe Biden's, Israel, Biden, Sofia Guidi Di Sante, Wyoming Sen, John Barrasso, “ Joe, Barrasso, ____ McHugh, Choe Organizations: WASHINGTON, International Energy Agency, ”, Associated Press, Brent, Lipow Oil Associates, U.S . Energy Information Administration, Energy Department, American Petroleum Institute, Hudson Institute, Commerzbank, Oil, Rystad Energy, Republican, Senate Energy, Natural Resources Committee, Democratic, Keystone XL, Strategic Petroleum Reserve, The Energy Department, The Treasury Department, Treasury Locations: East, Israel, Saudi Arabia, Russia, China, Paris, Gaza, Iran, Houston, Hormuz, U.S, Europe, Washington, OPEC, Lebanon, Venezuela, The U.S, Wyoming, America, Frankfurt, Germany, New York
☆ Europe still can't live without Russian LNG exports
  + stars: | 2022-11-09 | by ( Anna Cooban | ) edition.cnn.com   time to read: +7 min
London CNN Business —Europe may be closer than ever to breaking its energy dependence on Moscow, but it still can’t live without one type of Russian natural gas. Russian imports doubled in the year to September to 1.2 million tons, Rystad data shows. The majority of the Russian LNG imports come from privately owned Novatek, the country’s second-largest natural gas producer after Gazprom. “I expect that Russian LNG will continue to play an important role in filling European storage going into winter of 2023,” he told CNN Business. “[Europe] would rather get whatever [it] can in terms of Russian pipeline gas and Russian LNG… it would take a lot before [it] would think about sanctioning gas or LNG from Russia,” Ramesh said.
☆ Russia's war has helped accelerate the energy
  + stars: | 2022-10-27 | by ( Anna Cooban | ) edition.cnn.com   time to read: +3 min
In its annual World Energy Outlook report, published Thursday, the agency said that Russia’s assault on Ukraine had the potential to “hasten” the global transition to clean energy sources. Since the war broke out in late February, many countries have shunned Russia’s vast energy exports, finding new suppliers and ramping up imports of alternate energy sources. That has put Moscow in a “much-diminished position,” the IEA said, and Russia is on course for its share of global energy exports drop to 13% by 2030 from 20% last year. Europe — Moscow’s biggest customer for oil and gas — has borne the brunt of the energy crunch. “There is still a large gap between today’s pledges and a stabilization of the rise in global temperatures around 1.5°C,” the IEA warned.
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