Colorado Top Court Allows Boulder to Sue Exxon, Suncor Over Climate Change
(Reuters) – Colorado’s highest court on Monday rejected efforts by ExxonMobil and Suncor Energy to dismiss a lawsuit by the city of Boulder seeking to hold the fossil fuel companies…
Blackstone Is in Talks for New Mexico Utility Owner TXNM
By , , and Blackstone Inc. is in talks to acquire TXNM Energy Inc., the owner of New Mexico’s largest utility, according to people familiar with the matter. The private…
US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve
A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge…
California Drivers Are Paying Up as Refineries Disappear
Governor Gavin Newsom’s latest outreach to the Golden State’s oil companies may be too late to arrest a steady decline in gasoline production. By Californians are accustomed to paying the…
Oil Prices Start the Week Jumping about 4% on US-China Tariff Reductions
Summary • US and China agree to 90-day on pause on tariffs• Deal raises hopes of an end to trade war• Oil extends gains after 4% rise last week (Reuters)…
NRG Energy Bets on Growing Power Demand with $12 billion Assets Deal
(Reuters) – NRG Energy said on Monday it would acquire power generation assets from energy infrastructure investment firm LS Power in a cash-and-stock deal valued at $12 billion, as the…
Democratic State Attorneys Sue to Block Trump’s Energy Emergency
The Democratic state attorneys general, including those from California, Washington and New York, said using emergency powers to bypass normal permitting processes for hundreds of proposed projects will cause irreparable…
Ahead of China-US talks, Trump Says 80% Tariff ‘Seems Right’
U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet Chinese economic tsar He Lifeng in Switzerland to discuss containing the damaging trade war between the world’s…
US Oil and Gas Rig Count Falls to Lowest Since January, Baker Hughes Says
The oil and gas rig count, an early indicator of future output, fell by six to 578 in the week to May 9. Baker Hughes said this week’s decline puts…
Oil Prices Post Weekly Gains on US-China Trade Talk Optimism
Summary • All eyes on US-China trade talks in Switzerland after US-UK deal• Trump says 80% tariff on China ‘seems right’• Rising Middle East tensions also support oil prices• OPEC…
