Oil Prices Fall 1% on Potential Further Increase to OPEC+ Output
Summary OPEC in pursuit of market share, says Onyx analyst A 411,000 bpd increase likely, RBC Capital analyst says U.S. crude inventories rise unexpectedly (Reuters) – Oil prices fell more…
US Crude, Fuel Stocks Up as Crude Imports Rise, Product Demand Slips, EIA Says
By and HOUSTON, May 21 (Reuters) – U.S. crude and fuel inventories posted surprise stock builds last week, the Energy Information Administration said on Wednesday, as crude imports hit a…
Elliott Wins Two Seats, Phillips 66 Retains Two Seats in Hotly Contested Board Fight
By and Phillips shareholders elect two of activist investor’s nominees Oil refiner also sees two of its nominated directors elected Analysts say vote means some change but no big mandate…
US Says There Are Significant Undiscovered Oil and Gas Resources in Wyoming
May 21 (Reuters) – A new federal assessment has identified significant undiscovered, technically recoverable oil and gas resources in parts of Wyoming, Utah and Colorado, the U.S. Interior Department said…
Group That Blocked New Mexico Utility Merger Eyes Data Centers in Blackstone Deal
By Blackstone’s data center plans may affect TXNM acquisition approval TXNM’s sale agreement follows rising electricity demand from AI data centers New Energy Economy to scrutinize Blackstone’s handling of data…
Despite Challenges, Major LNG Producers Push New Projects to Feed Global Power Demand
(Reuters) – Producers are pushing ahead with liquefied natural gas projects, banking on urbanisation and the technology sector to drive global power demand and outweigh such challenges as potential oversupply,…
Inside the First Stargate AI Data Center
By , , and The future home of the first Stargate site in Abilene, Texas. Photographer: Bobby Scheidemann for Bloomberg Businessweek Trucks carrying concrete and electrical wiring plod over red…
Trump U-Turn on $5 Billion Wind Farm Lifts Ailing Industry
By and A rendering of Equinor’s Empire Wind project Photographer: Eirik Hamre Clausen/Equinor The Trump administration’s surprise reversal of an order to halt a $5 billion wind energy project off…
Energy Storage Boom Drives Battery Shift, Leaving Nickel, Cobalt Behind
California Battery Facility Summary Cheap LFP batteries drive rapid energy storage growth Storage demand for grid transitions expanding exponentially Trend likely to accelerate pivot away from nickel and cobalt (Reuters)…
Stronger US Hurricane Season Could Mean More Oil Supply Outages
WHY IT MATTERS A large portion of U.S. oil production and the bulk of the country’s refineries are in areas prone to hurricanes along the U.S. Gulf Coast. That concentration…
