Energy Transfer Announces Suspension of Development of Lake Charles LNG
DALLAS–(BUSINESS WIRE)–Energy Transfer LP (NYSE:ET) announced today that it is suspending development of the Lake Charles LNG project in order to focus on allocating capital to its significant backlog of natural…
Prices in Biggest US Power Grid Auction Hit New Record, Signaling Higher Utility Bills Ahead
By Capacity prices in PJM hit fresh record high PJM’s supply shortfall affects 13-state region, raising power bills Governors push for extended price limits Dec 17 (Reuters) – Power bills…
Asia’s Imports of US Energy Drop in 2025 Despite Trump Trade Moves: Russell
Asia’s imports of U.S. crude oil, coal and liquefied natural gas are on track to decline this year despite President Donald Trump’s efforts to boost shipments as part of his…
Trump Vowed Energy Dominance. Here’s How He’s Doing
By Oil production hit another record this year, climbing above 13.8 million barrels a day in September. Photographer: Robyn Beck/AFP/Getty Images Get the Latest US Focused Energy News Delivered to…
Japan’s JAPEX Buys US Tight Oil and Gas Assets in $1.3 Billion Deal
The Japanese energy firm has been seeking to become an operator of a U.S. oil and gas exploration and production (E&P) project as it now prioritises oil and gas investment…
Oil Prices Steady as Market Assesses Reports of Possible US Sanctions on Russia, Venezuela Blockade
Summary US prepares more Russian energy sanctions if Moscow rejects peace deal, Bloomberg reports Venezuela’s PDVSA resumes loading after cyberattack, most exports on hold Trump announced blockade of tankers under…
Carlyle Hires Goldman Sachs For Lukoil Asset Bid
(Reuters) – U.S. private equity giant Carlyle has hired Goldman Sachs to work on its bid for Lukoil assets, two sources familiar with the matter told Reuters on Wednesday, as…
Mapped: U.S. Oil Production by State – Visual Capitalist
By | Graphics/Design: Key Takeaways New Mexico doubled oil production from 2019 to 2024, reaching over 2M barrels/day. Texas remains the top oil-producing state with 5.7M barrels/day, leading the Permian…
US Judge Blocks Michigan From Enforcing Order to Shut Down Enbridge’s Line 5 Oil Pipeline
(Reuters) – A U.S. judge on Wednesday blocked Michigan from enforcing a 2020 order to shut down Enbridge’s Line 5 oil pipeline running beneath a channel linking two of the…
US Crude Stocks Fall, Fuel Inventories Fall on Robust Refining Activity, EIA Says
(Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week as refining activity climbed, the Energy Information Administration said on Wednesday. Crude inventories dropped by 1.3…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
