Markets News Oil 

Iran, Poland have potential to benefit from complementary markets: envoy

“TEHRAN- Ambassador of the Republic of Poland to the Islamic Republic of Iran, Jaroslaw Marcin Domanski believes that Iran and Poland have complementary markets and strong potentials to strengthen mutual economic relations” reports tehrantimes.com. Iran oil can be easily processed in the Polish refineries and is a perfect product for us, on the one hand. Source: tehrantimes.com Share This:

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Markets News Stocks 

U.S. stocks close lower, energy the day’s biggest decliner

“U.S. stocks closed modestly lower on Thursday, with energy stocks leading the decline as crude-oil prices fell” writes Markets Reporter for marketwatch.com. By far, the weakest sector of the day was energy, which fell 1.7% alongside a 1.6% drop in the price of crude oil.Sentiment weakened after President Donald Trump canceled a planned meeting with North Korea, adding a new element of geopolitical uncertainty into the market.Both stocks are Dow components. Source: marketwatch.com Share This:

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U.S. and partners form international alliance to push nuclear power

“To view a graphic on Nuclear power plants in the world , click: http://tmsnrt.rs/2sKlV1X” writes Midwest Communications Inc for 95kqds.com. COPENHAGEN (Reuters) – The United States is leading an initiative with several other governments to promote nuclear power and encourage investment in new nuclear technologies.The initiative, launched on Thursday by U.S. Deputy Secretary of Energy Dan Brouillette with international partners, aims to “highlight the value of nuclear energy as a clean reliable energy source”.”Nuclear-renewable systems could link emission-free nuclear power plants with variable renewables like solar or wind farms and…

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How to Protect the Private Sector from Cyber Attacks

“To protect private companies from cyberthreats, a multilayered security approach must be implemented to protect networks from intruders” writes Liza Mundy for realclearpolitics.com. The National Institute of Standards and Technology’s National Cybersecurity Center of Excellence builds “example solutions” using standards-based commercially available products to address energy sector cybersecurity challenges.In theory, one entity identifies a cyberthreat or attack and shares the collected information with public and private sector partners.This was a warning shot to both the public and private sector, most especially to utility companies that deliver electricity to customers.Industry executives now…

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Markets News Oil 

The ‘biggest’ change in oil market history: A shipping revolution could prompt crude prices to soar

“Instead of OPEC, Iran or even Venezuela, the most prominent driver of oil prices over the next two years is likely to come in the shape of a shipping revolution, analysts have warned” writes Ali Mohammadi Bloomberg for cnbc.com. New rules coming into force in approximately 18 months’ time are seen as a source of great concern for some of the world’s biggest oil producers.That’s because global energy and shipping industries are thought to be ill-prepared for the looming sea change. “It’s the biggest (change) in the history of the…

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Cleantech needs more AI talent to help save the world

“The world needs our best and brightest people working on scalable solutions for energy efficiency, food distribution, and natural resource conservation” writes Mars Discovery District for venturebeat.com. AI is helping alternative energy companies efficiently draw consumer-ready energy out of solar and wind farms.Agricultural organizations can tap AI systems to grow and process more food using less energy, water, and fertilizer.Global companies like General Electric are using AI to boost different forms of energy production and pull from tech-driven data reports to anticipate performance and maintenance needs around the world. Source: venturebeat.com…

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China’s Sinopec to boost U.S. crude imports to all-time high: sources

“Also, China prefers a heavier quality of crude whereas the bulk of U.S. oil exports is light crude, the source said” reports businessinsider.com. “The government has encouraged us to lift more U.S. crude,” one of the sources said.FILE PHOTO: The company logo of China’s Sinopec Corp is displayed at a news conference in Hong Kong Thomson Reuters By Florence Tan SINGAPORE (Reuters) – Sinopec , Asia’s largest refiner, will boost U.S. crude oil imports to an all-time high as China tries to reduce its trade deficit with the United States,…

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Italian companies to visit Iran next month for expanding renewable energy ties

“The envoy made the remarks in a meeting with Farhad Yazdandoust, the advisor to Iranian energy minister in international affairs, ILNA reported on Tuesday” reports tehrantimes.com. A memorandum of understanding has been previously signed in this area between the two sides and we intend that a deal will be signed and a task force will be set up to follow up its process.” Yazdandoust, for his part, referred to existence of different fields for cooperation in the water, electricity and renewable energy sectors between Iran and Italy and expressed hope…

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Communities in New Mexico, Texas vie for interim storage site — and the jobs that come with it

“The law created a Nuclear Waste Fund to pay for the federal repository by charging nuclear reactor operators a fee on the waste they produced” writes Susan Montoya Bryan for washingtonexaminer.com. If there ever was a place meant to store the nation’s commercial nuclear waste, at least temporarily, it’s southeastern New Mexico, some local residents say.Andrews County, the Texas region primed for a waste storage site, also has experience with nuclear.But Waste Control Specialists announced this year that it is partnering on the project with French energy giant Orano, which…

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