ANALYSIS: Biden unlikely to cut Iran’s oil lifeline after Israel strike
Iran’s unprecedented missile and drone strike on Israel is unlikely to prompt dramatic sanctions action on Iran’s oil exports from the Biden administration due to worries about boosting oil prices and angering top buyer China, analysts told Reuters this week.
Brazil’s plans to drill for oil in the Amazon hit stiff Indigenous resistance
State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising part of Brazil’s northern coast to oil drilling.
EXCLUSIVE: US plans to restore tariffs on dominant solar technology
The Biden administration is expected to grant a request by South Korea’s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans said on Wednesday.
COLUMN: Record exports deplete US propane stocks and support prices
U.S. propane inventories and prices are increasingly determined by the state of industrial demand in North East Asia and trade relations with China rather than weather and consumption at home, according to Reuters senior energy analyst John Kemp.
COLUMN: Slow clean power generation growth hits Texas power sector
Drops in power generation from wind farms, hydro dams and nuclear reactors has forced the operator of the electric grid in Texas – one of the largest power systems in the United States – to boost fossil fuel use and emissions so far this year.
EXCLUSIVE: Spain’s Acciona downsizing renewable energy business in Brazil Spanish renewable energy firm Acciona Energia has decided to restructure its businesses in Brazil, it said on Tuesday, after Reuters reported the subsidiary of infrastructure giant Acciona had been downsizing in the country.
