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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
The Philippines will resume processing renewable energy contracts starting November 25, following a five-month hiatus during which the government revised regulations. Applications will be accepted through the Department of Energy’s one-stop shop system, aimed at managing the influx of submissions.
The US is engaging in discussions with several Southeast Asian countries, including the Philippines, Singapore, and Thailand, about the deployment of small modular nuclear reactors (SMRs). This initiative reflects a growing global interest in low-carbon energy solutions, as highlighted by Andrew Light, assistant secretary of energy for international affairs, during the Singapore International Energy Week conference.
Oil prices have declined as optimism over China's economic stimulus fades, compounded by rising US crude inventories. Investors are now focused on upcoming US inflation data, with expectations of a slight decrease, while recent Fed minutes revealed no plans for accelerated interest rate cuts. Additionally, Hurricane Milton poses potential risks along the Florida coast, with expected damages in the billions.
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08:04 19.11.2024
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