Stanley Reed

London

Editor and Reporter, International New York Times at The New York Times

London-based writer on energy, business and environment for INYT. Opinions are my own.

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Articles

Oil prices drop, but Iran-Israel conflict raises many risks

1 week ago | miamiherald.com | Stanley Reed |NYT Business

The intense rounds of air attacks between Israel and Iran have analysts and traders poring over scenarios for the direction of energy markets. A wide range of outcomes are possible, with prices in the most extreme cases soaring above $120 a barrel, analysts at Deutsche Bank wrote in a note, but also drifting down to $50 a barrel next year. The initial round of Israeli attacks sent oil prices 7% higher Friday.
British Government to Spend $19 Billion on New Nuclear Plant

2 weeks ago | nytimes.com | Stanley Reed

The new project, called Sizewell C, will be expensive to build, but it will create 10,000 jobs and provide a steady supply of electric power for millions of homes. The British government said on Tuesday that it would spend as much as 14.2 billion pounds, or about $19 billion, on constructing a nuclear power station, a project that is expected to create 10,000 jobs and help light up six million homes.
UK Gets Steel Tariff Exemption, but Europe Pays Double

3 weeks ago | nytimes.com | Stanley Reed |Patricia Cohen |Melissa Eddy

Despite an exemption from 50 percent tariffs, Britain still has to pay a 25 percent duty because its trade deal with the United States has yet to be put in place. Britain breathed a sigh of relief on Wednesday after it was granted a carve-out from President Trump's 50 percent tariffs on steel and aluminum imported to the United States, while the rest of Europe fumed that it was now paying twice as much.
OPEC Plus Members Say They Will Fast-Track Oil Output

4 weeks ago | nytimes.com | Stanley Reed

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of accelerated increases. Eight members of the OPEC Plus oil cartel said Saturday that they planned to continue their accelerated increases in production in July, the third consecutive month.
How Spain’s Success in Renewable Energy May Have Left Its Power Grid Vulnerable - The New York Times

1 month ago | nytimes.com | Stanley Reed |Jenny Gross

The Iberian Peninsula’s widespread blackout raises questions about the resilience of the electric power infrastructure in the two countries — and to an extent, the rest of Europe.
With US Trade Deal, UK Steel Industry Feels Some Much Needed Relief

1 month ago | businessandamerica.com | Stanley Reed

The call from a supervisor came to the steel shop floor in Sheffield, England, on Thursday afternoon: The tariffs were off. “Everything had changed for us,” said Richard Bott, as he stood near stacks of steel slabs still radiating waves of heat from the mill.
With U.S. Trade Deal, British Steel Industry Feels Some Much Needed Relief

1 month ago | nytimes.com | Stanley Reed

The agreement to lift the 25 percent duty on steel exported to the United States provided some relief for struggling businesses, but uncertainties for the industry remain. Marcegaglia's cavernous plant in Sheffield, England. Credit... Owen Richards for The New York Times The call from a supervisor came to the steel shop floor in Sheffield, England, on Thursday afternoon: The tariffs were off.
Europe’s wind industry faces uncertainty over Trump’s policies

1 month ago | omanobserver.om | Stanley Reed

LONDON — In the sprawling flat lands of Denmark’s Jutland peninsula, near the small town of Give, a family-owned company called Welcon has been gearing up to build giant, cylindrical wind turbine towers for a multibillion-dollar project. The project, a wind farm called Empire Wind, is being built by Norwegian energy giant Equinor in the waters off Long Island, New York.
Europe's Wind Industry Faces Uncertainty Over Trump's Policies

1 month ago | nytimes.com | Stanley Reed

Not long ago, the U.S. was seen as a promising market for offshore wind. Now industry executives aren't making any assumptions. In the sprawling flatlands of Denmark's Jutland peninsula, near the small town of Give, a family-owned company called Welcon has been gearing up to build giant, cylindrical wind turbine towers for a multibillion-dollar project.
Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices

1 month ago | nytimes.com | Stanley Reed

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and may be trying to appease President Trump, who has pushed for lower prices. Oil prices are falling. Economists are cutting forecasts for global economic growth. Oil giants are reporting lower profits. But on Saturday, eight countries that belong to the oil cartel known as OPEC Plus said they would add about 411,000 barrels of oil a day in June.