Energy

Consumer

American Joins Airlines Buckling Up for Soaring Fuel Costs

Photo via IMAGO/Rüdiger Wölk/Newscom

Fuel typically accounts for a quarter of carriers’ expenses, but that proportion’s likely to dramatically spike this year.

1 min read

Photo illustration by Connor Lin / The Daily Upside, Photo by Alptraum via iStock

Energy

Sweating It Out: Data Centers Plus Summer Heat Raises Power Bills, Blackout Risk

The US electrical grid isn’t ready for the double whammy of peak air conditioner usage and peak data center power needs. What happens now?

4 min read
Photo via Hindustan Times/Sipa USA/Newscom

Geopolitics

What’s Next for Oil Tankers Stranded in the Persian Gulf?

The Strait of Hormuz is supposed to be opening for business under a new ceasefire agreement. So far, that doesn’t seem to be happening.

2 min read
Photo via Samuel Rigelhaupt/Sipa USA/Newscom

Energy

Delta, Exxon Mobil Show Iran War Hitting Both Sides of Oil Trade

Delta Airlines and oil giant ExxonMobil say they’re expecting bad news for their financial statements thanks to soaring fuel prices.

2 min read

Energy

Power Plant Builder Argan Rides Data Center Boom to Blowout Gains

Photo via NICOLAS MAETERLINCK/Belga/Sipa USA/Newscom

By 2030, as much as one-third of data centers will be powered entirely by on-site and off-grid power generation, according to Bloom Energy.

1 min read

Energy

Energy Crisis Powers Up Big Payday for LNG Exporter Venture Global

Photo via Gerard Bottino / SOPA Images/Sipa USA/Newscom

Morgan Stanley analysts on Monday granted the US LNG exporter a rare double upgrade, changing its rating from underweight to overweight.

2 min read

Inflation & Prices

Fed’s ‘Goldilocks’ Economic Strategy Disintegrating amid Hormuz Strikes

Photo via Chen Mengtong/China News Service/VCG/Newscom

Markets are pricing in practically no chance of a rate cut when officials meet later this month, according to the CME Fedwatch.

2 min read

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