The OPEC+ group was likely betting on robust demand during the peak summer driving season when it decided to start accelerating the oil production hikes in May. The market proves it has been right.
At the end of the second quarter and the start of the third quarter, demand growth will not lag supply growth materially, according to analysts.
Russia accounted for 19 percent or 13.4 billion cubic meters (473.22 billion cubic feet) of EU gas imports in the fourth quarter (Q4), according to the European Commission’s quarterly gas market report. Russia’s share of gas imported into the 27-member bloc rose one percentage point from the prior three-month period and two percentage points against Q4 2023.
The sale of AQN’s renewable energy business was completed on January 8, 2025. It was divested to a wholly-owned subsidiary of LS Power for proceeds of approximately $2.1 billion, after subtracting taxes, transaction fees, and other preliminary closing adjustments, including an adjustment for estimated remaining completion costs for in-construction assets.
U.S. water, wastewater, and natural gas utility company Essential Utilities Inc. has reported a net income of $184.7 million for the fourth quarter of 2024, versus $135.3 for the corresponding period a year earlier. Essential’s net income for full-year 2024 was $595.3 million, above the $498.2 million for 2023.