Oil Prices Rise as China’s Policy Easing Fuels Demand Hopes
(Reuters) – Oil prices climbed 1% on Wednesday as market participants anticipated a rise in demand from top importer China following Beijing’s latest plans to boost economic growth. Brent crude…
US Power Use to Reach Record Highs in 2024 and 2025, EIA Forecast Says
(Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday. EIA projected…
Gassier But Cleaner US Power System Hits New Output Record in 2024
(Reuters) – U.S. power producers have raised total generation to new highs in 2024, fuelled mainly by record natural gas-fired output alongside a sharp jump in generation from renewable sources.…
US Natgas Prices Climb 4% to One-Week High on Colder Forecasts, Rising LNG Feedgas
Front-month gas futures for January delivery on the New York Mercantile Exchange rose 11.9 cents, or 3.8%, to $3.282 per million British thermal units (mmBtu) at 8:06 a.m. EST (1306…
U.S. Sees Small Global Oil Deficit in 2025 in Outlook Reversal
The US reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit. Global oil consumption should exceed output by 100,000 barrels a…
Acadia, Companies Eye $9 Billion U.S. Renewables Roll-Out
Summary Acadia Infrastructure Capital launches new coalition Microsoft helps back first green energy project Looks to tap more companies; bolster local communities (Reuters) – U.S. investor Acadia Infrastructure Capital and…
Trump Says Anyone Investing $1 Billion in U.S. Will Receive Expedited Permits
U.S. President-elect Donald Trump said on Tuesday that any person or company investing at least $1 billion into the U.S. “will receive fully expedited approvals and permits, including, but in…
US Crude Stocks Fall, Fuel Inventories Rise on Robust Refining, EIA Says
(Reuters) – U.S. crude inventories fell for the third time in a row, while fuel stockpiles rose in the week ending December 6, the Energy Information Administration (EIA) said on…
Chevron Working on Supply of Power to Data Centers, Executive Says
U.S. oil major Chevron Corp is considering ways to supply lower carbon power for data center operators, Jeff Gustavson, president of Chevron New Energies said in an interview at the…
Oilfield Service Companies Add More Jobs in November, Trade Group Says
WHY IT’S IMPORTANT Oilfield service hiring can serve as an indicator of the health of the sector. Companies bringing on more employees could imply more drilling to come. BY THE…
