U.S. WILL LOSE NUCLEAR
WNN - The USA risks losing a substantial portion of its nuclear power capacity unless it takes policy action, International Energy Agency Executive Director Fatih Birol told the US Senate.
Addressing the Senate Energy and Natural Resources Committee on prospects for global energy markets, Birol said the USA had been a leader in nuclear power technology for 60 years alongside France, Japan and Russia, but was set to be overtaken by China unless US policies change. Birol has testified in front of the committee…
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US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.
Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.
Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).
U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.