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LS Power LLC CEO Paul Siegel said on Friday the U.S. power market is largely insulated from oil-price spikes tied to a war with Iran because oil is no longer a primary fuel for power generation and the system now relies mainly on natural gas. Ample U

2026-07-17

LS Power LLC CEO Paul Siegel said on Friday the U.S. power market is largely insulated from oil-price spikes tied to a war with Iran because oil is no longer a primary fuel for power generation and the system now relies mainly on natural gas. Ample U.S. shale output has kept gas prices relatively stable year-to-date. "The grid needs a mix of generation technologies," Siegel said; LS Power is developing solar, battery storage and new gas-fired plants.

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2026-07-17

Market news: Russian drones attacked infrastructure at the port of Mykolaiv, Ukraine, damaging three civilian vessels flying foreign flags and killing two Ukrainian citizens.

Market news: Russian drones attacked infrastructure at the port of Mykolaiv, Ukraine, damaging three civilian vessels flying foreign flags and killing two Ukrainian citizens.
2026-07-17

Kuwait's foreign ministry condemned Iran's aggression targeting a power plant, saying it damaged generation units.

Kuwait's foreign ministry condemned Iran's aggression targeting a power plant, saying it damaged generation units.
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