US Utilities Increase Spending Plans to $1.5 Trillion Through 2030, Research Report Says
(Reuters) – U.S. electric utilities expect to spend $1.4 trillion on power lines and other infrastructure-related costs over the next five years, raising concerns about rising power bills ahead for…
US to Allow Waiver on Iran Oil to Expire, Administration Sources Say
(Reuters) – The Trump administration will allow a 30-day waiver of sanctions on Iranian oil at sea to expire later this week, two administration officials told Reuters on Tuesday, as…
Investors See Oil Below $90 a Barrel by Year-End, BofA Survey Finds
A plurality of investors expect benchmark Brent oil to trade between $80 and $90 a barrel by the end of this year, according to a BofA survey of fund managers…
BP’s New CEO to Simplify Company Structure into Upstream, Downstream Units
By BP had upstream/downstream structure before 2020 transition push No clear timeline set yet for reorganisation Meg O’Neill became CEO on April 1 LONDON, April 14 (Reuters) – BP (BP.L)…
US Power and Natgas Prices Turn Negative in Texas and California as Mild Weather Cuts Demand
By Pipeline constraints in Permian region trap gas, causing record negative Waha Hub prices California power and gas prices turn negative amid low demand and abundant hydropower NWRFC projects above-normal…
The Commodities Supercycle is Here. How Might Investors Participate?: Taosha Wang
Commodities supercycles are long, powerful waves driven by major structural shifts. Just think of the oil shocks of the 1970s and China’s urbanisation boom in the early 2000s. The question,…
Oil Prices Fall as Supply Concerns Ease on Hopes for US-Iran Talks
Summary US, Iran leave door open for dialogue after tense talks US begins blockade of Iran’s ports IEA cuts global oil supply, demand growth forecasts (Reuters) – Oil prices fell…
US Begins Blockade of Iran’s Ports, Tehran Threatens Retaliation
By and Trump says Iranians want to make a deal US, Pakistani officials says talks continue Iran warns of harsh response to maritime blockade Oil prices jump back over $100…
Peak Oil Price Likely to Come ‘in Next Few Weeks,’ US Energy Secretary Says
By WASHINGTON, April 13 (Reuters) – Oil prices are likely to hit their peak “in the next few weeks” once ship traffic resumes through the Strait of Hormuz, U.S. Department…
Chevron Agrees to Asset Swap in Venezuela to Focus on Oil Projects
By , and Chevron relinquishing Loran gas field Chevron signs pacts for expansion in the Orinoco Belt New areas, reassignments come after law reform approval CARACAS/HOUSTON, April 13 (Reuters) –…
