Most G7 Members Ready to Lower Russian Oil Price Cap Without US
G7 country leaders are due to meet on June 15-17 in Canada where they will discuss the price cap first agreed in late 2022. The cap was designed to allow…
NextEra CEO Says Renewables Needed as Bridge to Expanding Gas Power
(Reuters) – Renewable energy sources like wind and solar power are needed to meet rapidly growing energy demand in the United States amid near-term obstacles to increasing natural gas capacity,…
Trump’s Energy Dominance Agenda Could Be Ravaged by Section 899 – Ron Bousso
(The opinions expressed here are those of the author, a columnist for Reuters)*Section 899 proposes up to 20% tax on foreign investors’ income *Proposal is part of President Trump’s signature…
Oil Slips From Recent Highs as Market Assesses Middle East Tension
Summary Oil prices ease from more than two-month peak Market focusing on Middle East tension, US-Iran talks US, Iran officials to meet on Sunday in Oman (Reuters) – Oil prices…
US Energy Secretary Is Trying to Change Blue-State Minds About Fossil Fuels
By Call it “the great energy reset.” Get the Latest US Focused Energy News Delivered to You! It’s FREE: Trump administration officials increasingly consider the ongoing surge in electricity demand…
US Crude Stocks Fall, Gasoline and Distillate Inventories Rise as Refining Activity Increases, EIA Says
(Reuters) – U.S. crude stocks fell last week as refining activity picked up, driving gasoline and distillate inventories higher, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell…
Oil-Rich University of Texas Wants to Cash In on AI, Crypto and Power
The system—with an endowment second only to Harvard’s—is diversifying into wind and solar energy at a fraught time for renewables. By A crypto data center in Pyote, Texas, on land…
US Natgas Output and Demand to hit Record Highs in 2025, EIA Says
The agency also projected domestic gas consumption would rise from a record 90.5 bcfd in 2024 to 91.3 bcfd in 2025 before easing back to 91.1 bcfd in 2026. Get…
Cheniere Seeks Expansion of Sabine Pass Plant With US Regulators
Cheniere filed a joint application, dated June 6, to FERC for authorization to construct and operate the Sabine Pass Stage 5 Expansion Project, which would grow the existing Sabine Pass…
Oil Demand Growth to Continue, No Peak in sight, OPEC Secretary-General Says
The organization expects a 24% increase in the world’s energy needs between now and 2050, with oil demand surpassing 120 million barrels per day over that time period. That estimate…
