Trump Is Pushing Gas to Power AI Boom, But Building Plants Takes Years
To speed the construction of new energy plants, the Trump administration called for an emergency power auction. They favor gas, coal and nuclear. By When the Trump administration called Friday…
Oil Down as Easing Iran Unrest Dampens Geopolitical Risk Premium
Oil prices fell 1% on Monday, reversing the previous session’s gains, as civil unrest in Iran subsided, lowering the chance of a U.S. attack that could disrupt supply from the…
Judge Says Dominion Energy Can Resume Wind Project U.S. Halted
The U.S. offshore wind industry has faced other difficulties, including soaring inflation and supply chain snarls Bloomberg News Dominion said in court papers that it is losing about US$5 million…
US Moving Fast to Expand Chevron’s Venezuela License – Energy Secretary Wright
Summary Chevron’s export capacity from Venezuela could increase with new license terms US aims to sell Venezuelan oil at higher prices post-Maduro Funds from oil sales may eventually move to…
Oil Prices steady as Ebbing Iranian Protests Lower Chance of US Attack
(Reuters) – Oil prices were little changed on Monday, after rising in the previous session, as Iran’s deadly crackdown on protests quelled the civil unrest in the country, reducing the…
Oil Prices Settle Up as US Begins Holiday Weekend
Summary Benchmark prices hit multi-month highs this week Underlying balance still points to ample supply, says analyst Potential new supply from Venezuela limits price gains (Reuters) – Oil prices settled…
White House Seeks Emergency Power Auction for Largest US Electric Grid
Summary Companies Governors, Trump administration sign two-year price cap deal for future PJM power auction PJM grid covers 67 million people in 13 mid-Atlantic and inland states Rising power bills…
US Drillers Cut Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-December,…
US Not Currently Considering Using Venezuelan Oil in Exchange to Fill Strategic Reserve, Energy Department Says
(Reuters) – The U.S. government is not currently considering using Venezuelan oil in an exchange with U.S. oil companies to refill the country’s Strategic Petroleum Reserve, the Department of Energy…
The 40% of US Oil Jobs Lost Over the Last Decade Aren’t Coming Back
Oil majors have grown more efficient in the years since the shale bubble burst in 2014, pumping record production with a fraction of the workforce. By and An oilfield crew…
