High Imports, Soft Summer Demand Weigh on US Gasoline
Summary Imports surge, boosting gasoline storage demand East Coast gasoline prices drop below national average OPEC production increase pressures oil prices lower (Reuters) – U.S. gasoline prices could fall below…
Canada’s Enbridge to Invest $900 Mln in Texas Solar Project
(Reuters) – Energy infrastructure company Enbridge said on Tuesday it had reached a final investment decision to invest $900 million on a 600 megawatt solar power project in Texas, as demand…
Biggest US Power Sale to Offer Glimpse of AI’s Cost to Consumers
The biggest US power auction, run by PJM Interconnection LLC, will offer an early glimpse of what the AI boom will cost consumers, according to Bloomberg. The soaring price tag…
Taiwan’s CPC Denies ‘Specific’ US Shale Gas Acquisition Talks
Taiwan’s state-owned energy company CPC Corp said it is not in talks for “specific” shale gas fields in the United States, but it does not rule out any prospective partners…
US Natgas Prices Fall 6% to 1-Week Low on Record Output, Lower Demand Forecasts
(Reuters) – U.S. natural gas futures fell about 6% to a one-week low on Monday on record output, forecasts for less hot weather over the next two weeks, stagnant gas…
US Not Rushing Trade Deals Ahead of August Deadline, Will Talk With China, Bessent Says
Asked whether the deadline could be extended for countries engaged in productive talks with Washington, Bessent said U.S. President Donald Trump would decide. Get the Latest US Focused Energy News…
Winter Is Coming for Oil – And Not in a Positive Way
By The oil market is deceptively calm. Below the apparent tranquility lies an underappreciated transformation that has slowly reshaped the market over the last 25 years — because the arrival…
Oil Prices Little Changed as Investors Eye Impact of New Sanctions on Russia
Summary Companies EU sanctions target Russian crude supply, impact uncertain Iran nuclear talks for Friday may affect oil market dynamics U.S. tariffs on EU imports could influence oil demand (Reuters)…
Chevron Wins Exxon Case but Loses Time, Oil and Billions
The No. 2 U.S. oil producer had originally targeted a mid-2024 close for the deal. Get the Latest US Focused Energy News Delivered to You! It’s FREE: Exxon, which operates…
Oil Steadies as Mixed US Economic and Tariff News Offset New Russia Sanctions
Summary US consumer sentiment up, but homebuilding drops US Trump seeking minimum tariffs on EU EU to stop importing fuels from Russia Chevron closes Hess acquisition after arbitration win (Reuters)…
