US Faces Transformer Supply Shortfall as Power Demand Surges, WoodMac Says
By Aug 14 (Reuters) – The U.S. is poised to see supply shortages of 30% and 10%, respectively, of power and distribution transformers this year, as surging electricity consumption drives…
Phillips 66 Reduces Gasoline Output at Bayway Refinery After Fire, Sources Say
NEW YORK, Aug 14 (Reuters) – Phillips 66 (PSX.N) has reduced gasoline output at its 258,000 barrels-per-day Bayway refinery in Linden, New Jersey, after a fire near the plant’s gasoline…
The Airline Industry’s Dirty Secret: Clean Jet Fuel Failures
By , , and Graphics by and Get the Latest US Focused Energy News Delivered to You! It’s FREE: A drone view shows the World Energy refinery in Paramount, California,…
Crude Oil Flows on Enterprise’s Texas Seaway Pipeline Fall, Leak Reported
Crude oil flows on the Seaway pipeline in Texas fell on Wednesday, four sources said, as the pipeline’s operator reported a leak on the system to state regulators. The 950,000-barrel-per-day…
Oil Stable Ahead of Trump-Putin Alaska Meet
Summary Brent and WTI stabilise off previous session’s two-month lows Trump meets Putin on Friday to discuss war in Ukraine U.S. crude stocks rose unexpectedly last week, EIA says (Reuters)…
US Crude and Distillate Inventories Rise, Gasoline Inventories Fall, EIA says
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 45,000 barrels in the week, the EIA said. Get the Latest US Focused Energy News Delivered to You! It’s FREE:…
Venture Global LNG Expects to Win Remaining Arbitration Cases against Major Energy Companies
The remaining cases are over similar contract disputes with companies that include BP, Edison, Orlen, Repsol and Galp. Get the Latest US Focused Energy News Delivered to You! It’s FREE: “We remain…
US Crude Production to Hit Record 13.41 Million Bpd in 2025 Before Falling, EIA Says
The decline in 2026 production to 13.28 million bpd would be the first drop in output since 2021 for the world’s largest producer, the EIA data showed. Prices for the…
Oil Falls as IEA Raises Supply Forecast, Investors Await US-Russia Meeting
(Reuters) – Oil prices edged lower on Wednesday after the IEA noted supply overtaking demand this year, while investors awaited Friday’s meeting between U.S. President Donald Trump and Russian President…
Rate Cuts and Falling Dollar Will Fuel Inflation
If they account for the inflationary effect of import tariffs, then those sitting short of dollars have good reason to hedge the growing risk that expectations for easing are overdone.…
