US Utilities on Dealmaking Spree to Blockbuster 2025
(Reuters) – With electricity demand in the United States set to hit record highs over the next two years, utilities are doubling down on assets that can boost their power…
Oil Prices Jump More Than 1% on Middle East Supply Fears
Summary US intelligence suggests Israel plans to strike Iran, CNN says US-Iran nuclear talks show little progress (Reuters) – Oil prices rose more than 1% on Wednesday after reports that…
With Output Hikes, OPEC+ Again Targets US Shale Oil
Summary Previous OPEC+ attempts to slow shale oil failed US firms run out of easy fields, costs rise (Reuters) – Behind OPEC+’s plan to ramp up oil output and punish over-producing allies,…
US Energy Firms’ Deals With Iraqi Kurdistan ‘Null and Void’, Baghdad Says
(Reuters) – Iraqi Kurdistan announced deals worth $110 billion over their lifetime with U.S. firms HKN Energy and WesternZagros on Tuesday, drawing swift opposition from Baghdad’s oil ministry which deemed…
US Natgas Prices Jump 10% On Lower Output, Higher Demand and Technical Buying
(Reuters) – U.S. natural gas futures soared about 10% on Tuesday on a decline in daily output, forecasts for more demand next week, long-term forecasts for a hotter-than-normal summer and…
Stronger US Hurricane Season Could Mean More Oil Supply Outages
(Reuters) – An expected stronger hurricane season than average raises the risk of weather-related production outages in the U.S. oil industry, the U.S. Energy Information Administration said on Tuesday. WHY…
US Shale to Plateau if Oil Stays in Current Range, ConocoPhillips CEO Says
U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s per barrel, the CEO of said…
US Lifts Ban on New York Offshore Wind Project After Gas compromise
Summary Equinor resumes work on Empire Wind Had been halted by interior secretary in April Compromise on wind and suspended gas pipeline reached (Reuters) – The Trump administration has lifted…
AI Power Demand is Generating Hallucinations
(Reuters Breakingviews) – A sprawling global network of silicon has sprung up to power artificial intelligence. Housed within data centers, these chips demand vast sums of electricity to crunch the…
Oil Steadies as Market Assesses US-Iran Talks, Demand Signals
(Reuters) – Oil prices steadied on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy.…
