The Nuclear Safety and Security Commission said that seven of nine commissioners voted to restart the Wolsong No. 1 reactor located in Gyeongju city, 275 kilometers south of Seoul. It was the first such decision in South Korea since safety concerns about nuclear energy and older plants were raised following the meltdowns at Japan's Fukushima Daiichi...» Read More
SEATTLE— Some lawmakers are pushing proposals to advance nuclear power as part of Washington's future energy mix. Sharon Brown, R- Kennewick, promote nuclear energy, focusing on small nuclear reactors that are designed to be built in factories, shipped to a site by truck or train and assembled on location. The Senate Ways and Means Committee heard one bill Tuesday...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil ended the day under $50. Traders are expecting a build in tomorrow's inventory report.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Rumors of an emergency OPEC meeting bumped the price temporarily, but oil closed under $50 today.
COLUMBIA, S.C.— A special inspection is underway after damage to a nuclear reactor under construction in South Carolina, federal regulators said Monday. In a news release, the U.S. Nuclear Regulatory Commission said its representatives are launching a special inspection this week at the V.C. Summer Nuclear Station near Jenkinsville, about 25 miles northwest of...
The move by Energy Fuels Resources Inc. comes amid a lawsuit challenging the Canyon Mine on national forest land about six miles southeast of Tusayan. Energy Fuels is an intervener in the case. The court previously declined a request from the plaintiffs to keep Energy Fuels from doing any more drilling to reach the body of ore until the case was resolved.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down on a big build today, but managed to bounce back. Traders think it's either seeking a bottom or preparing for the next leg lower.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Traders expect to see another build in crude inventories tomorrow. Nat gas was higher today, as frigid temps remained in the northeast.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. News from the IEA suggests Middle East production is stalling. Oil ended the day up 75 cents.
Two plants under construction in Sanmen and Haiyang, China, are the first-ever built using Westinghouse Electric Co.' s AP1000 reactor design. Utility companies in Georgia and South Carolina are building two similar plants in the United States using a very similar design. Officials at China's State Nuclear Power Technology Corp. blame the delays on the late...
EDF has missed on its expectations. Jean-Bernard Levy, CEO of EDF, says they expect their strong performance on nuclear output can be repeated year-on-year.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. There was a big build in oil and gas today, and both were down on the day.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down big on the day as the EIA said it would take time to work through inventories. And after Citi's $20 call yesterday, JPMorgan piled on today.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. OPEC says lower prices will hurt US producers, forcing countries to buy Middle Eastern oil. And Citi says oil could fall to $20.
TOKYO, Feb 6- Japan's government is aiming to restart a nuclear reactor by around June following a lengthy and politically-sensitive approval process in the wake of the Fukushima disaster, sources familiar with the plans said. Prime Minister Shinzo Abe's government has been pushing to bring some of the country's reactors back online after all 48 closed...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude oil popped today, closing over the $50 level. Also, the natural gas drawdown was far lower than expected, which drove prices down.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil ended it's winning streak today after a massive crude oil build was announced by EIA. Traders say swings like this could be commonplace.
SHANGHAI/ HONG KONG, Feb 4- China Power Investment Corp is merging with the State Nuclear Power Technology Corp, as Beijing drives consolidation in its rapidly expanding nuclear power sector with the aim of eventually exporting reactors. "The merger will help them expand in China, and the overseas market in the long run," said Francois Morin, Beijing- based China...
SHANGHAI, Feb 4- Chinese power producer, China Power Investment Corp, is merging with the State Nuclear Power Technology Corp, as Beijing moves to consolidate its nuclear sector to boost exports of homemade reactors. Shanghai Electric Power Corp Ltd said its parent company, China Power Investment Corp, had got approval to start work on a merger with SNPTC, which...
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up big on the day, but many traders think this is a short-term blip.
NEW DELHI/ WASHINGTON, Feb 3- A "breakthrough understanding" to open India's nuclear power sector to U.S. firms reached during President Barack Obama's visit to New Delhi last month could be finalized this year, Indian officials say. India wants to nearly treble its installed nuclear capacity, which would make it the world's second biggest market after China.