US Power Use to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA Says
By Commercial electricity demand is expected to outpace residential demand in 2026 for the first time on record Renewables’ generation share rises from around 24% in 2025 to 27% in…
Oil Jumps After Settlement as US Revokes General License for Iran Oil Sales
By Saudi-flagged crude oil tanker damaged near Hormuz after LNG tanker hit, sources say Saudi Arabia considers expansion of oil pipeline to Red Sea, sources say Ukrainian drones strike eight…
Global Oil Output to Return to Pre-Iran War Level by Year’s End, US EIA Says
(Reuters) – Global oil output and trade flows should rebound fully by the end of this year from the disruptions caused by the Iran war, the U.S. Energy Information Administration…
US Revoking License That Authorized Iranian Oil Sales, Official Says
(Reuters) – The United States is revoking a general license that authorized the sale of Iranian oil, a U.S. official said on Tuesday, warning that Iran’s actions in the Strait…
US Airlines Fuel Bills Rose by $3 Billion in May
By WASHINGTON, July 7 (Reuters) – Fuel costs for U.S. airlines jumped 85% in May to nearly $6.7 billion as the Middle East conflict drove up prices, the U.S. Transportation…
Oil Climbs as Fresh Tanker Strike Highlights Risks Around Hormuz
Brent rose toward $73 a barrel, while West Texas Intermediate was above $69. A tanker traveling south reported being hit about 8 nautical miles east of Limah, Oman, causing a fire, UK…
More Than 373,000 US Customers Without Power Due to Extreme Weather
July 6 (Reuters) – More than 373,000 homes and businesses were without power as of Monday due to extreme weather conditions across several areas of the United States, according to data from…
What Natural Gas Ascendancy Says About the US
Fracking, booming power demand and enthusiastic political support have underpinned the fuel’s rise, but for how long? By and The transformation of the US and its economy over the last…
Oil Stocks in US Strategic Petroleum Reserve Fall to Lowest Level Since 1983
(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by 6.2 million barrels in the week ending July 3 to 319.5 million barrels, the lowest level…
America’s Energy Dominance: The Fruit of Freedom Celebrating 250
As we celebrate America’s 250th birthday, one of the finest blessings our Founders gave our nation stands out with particular clarity: the system of free enterprise. That system did not…
