Hey,

Welcome to the Nooner. Better than morning or night, your midday energy delight.

Today we’re breaking down…

• SunPower shares plunge on accounting concerns

• Saudi Arabia lowers exports to levels not seen since the pandemic and lowers prices

• BOEM approves a wind project offshore New Jersey

• Tesla continues its recent tear as the market expects the worst is behind the EV market weakness

• We published our Daily Thermal Generation report, which analyzes gas power burn and coal-to-gas switching

• Sign up for a premium subscription and please share our work

— Jeff Davies, the Energy OG (LinkedIn / Twitter)

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DAILY COMMODITY MARKETS

A snapshot of energy markets.

DAILY NEWS

The top-10 news stories you need to know about.

 1.  Fossil Fuel Crazies Ask Supreme Court To Protect Them From CARB (Clean Technica)

 2.  SunPower Shares Plummet Amid Financial Misconduct Allegations (Bloomberg Green)

 3.  Map Predicts Future Chance of Power Outages From Hurricanes (NY Times)

 4.  China-Bound Oil Tankers Hit Two-Year Low in Warning for Bulls (Bloomberg Markets)

 5.  Alaska Sues Interior to Reopen National Petroleum Reserve to Oil (Bloomberg Law)

 6.  Tesla stock turns positive for 2024 amid a breakneck $200 billion rally. ‘The worst is in the rear-view mirror’ (Fortune)

 7.  US Approves Ninth Offshore Wind Project (Rigzone)

 8.  US offers USD 100m for non-lithium long-duration energy storage pilots (Renewables Now)

 9.  Saudi Oil Exports Plummet to Pandemic-Era Levels With Benefits for Russia - Bloomberg (Bloomberg)

 10.  Judge threatens tossing $8M+ lawsuit vs. Justice coal firms (Charleston Gazette-Mail)

THE DATA DROP

EnerWrap’s proprietary daily data.

Daily Gas Burn By Year

Daily Gas Burn