House Defeats Lebanon War Powers Resolution

Britain Bets On Hydropower To Boost Energy Security Authored by Felicity Bradstock via OilPrice.com, Britain has provisionally approved three major pumped storage hydropower projects in Scotland, the first of their kind in more than 40 years. Pumped storage facilities will act as large-scale energy storage systems, helping balance intermittent wind and solar generation. The projects are expected to improve energy security, reduce reliance on imported fossil fuels, and support the U.K.'s decarbonisation strategy. After years of neglect, the United Kingdom has big plans for hydropower as part of broader plans for a green transition....

"Everything About This Market Is Wild": European Diesel Futs Top $200 As Global Scramble Accelerates The global tug-of-war for fuel looks set to accelerate, with traders scrambling to secure supplies even more aggressively after President Trump showed no signs of an end to hostilities (and a reopening of the Strait) any time soon. The longer the Strait of Hormuz remains closed, the more intense the competition is likely to become. Traders have warned that Europe is at risk of diesel shortages in the coming weeks. “Everything about this market is wild,” said Philip...