US Drillers Add Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says
The oil and gas rig count declined by about 5% in 2024 and 20% in 2023 as lower U.S. oil and gas prices over the past couple of years prompted…
US Northeast Electricity Imports from Canada Drop, EIA Reports
Canadian hydropower output has been constrained by ongoing drought, while electricity demand in ISO-NE and NYISO declined 9% and 6%, respectively, between 2016 and 2024, the EIA report highlighted. “Although…
ENDING THE WEEK – Oil Prices Slip as Robust Supply Outweighs Fed Cut
Summary Large oil supplies, declining demand push prices lower Refinery turnaround season will also cut demand for crude Benchmarks gain for a second straight week (Reuters) – Oil prices dropped…
Trump Admin is Giving China a ‘Free Pass’ on Russian LNG, Democratic Senators Say
But Trump has refrained from putting direct sanctions on Russian energy entities in his second term. Instead, he has imposed additional 25% tariffs on imports of goods from India for…
Under Pressure from Trump, EU Plans to Bring Forward Russian LNG Imports Ban
A ship carrying Russian liquefied natural gas (LNG), is seen next to the terminal of Spanish gas grid operator Enagas ENAG.MC at the port of Barcelona, Spain, June 4, 2022.…
Microsoft Boosts Wisconsin Data Center Spending to $7 Billion
It said with the addition of the second large-scale data center, the site would eventually house the world’s most powerful AI supercomputer, connecting together hundreds of thousands of powerful chips…
Oil Prices Dip as Demand Fears Overshadow Fed Rate Cut
Summary High distillate stockpiles add to concerns over demand Market caught between conflicting signals, says analyst Benchmarks remain on track for second straight weekly gain EU will propose ban on…
Exxon Says Energy Demand Makes Case for Fossil Fuel Growth
By An Exxon Mobil Corp. oil drilling rig near Stanton, Texas. Photographer: Justin Hamel/Bloomberg Get the Latest US Focused Energy News Delivered to You! It’s FREE: Exxon Mobil Corp. will…
US Could See LNG Oversupply in 2027-2029 Period, EQT CEO Says
Uday Turaga, the founder of energy research and consulting firm ADI Analytics, also told Reuters on the sidelines of the conference in Houston that while “there could be small periods…
Exxon Says AI is Helping Company’s Bottom Line
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