US Offers to Loan Up to 40 Million Barrels of Oil From Strategic Petroleum Reserve
(Reuters) – The U.S.is seeking to loan energy companies up to 40 million barrels of crude oil from the Strategic Petroleum Reserve to help push fuel prices down, the Department…
US Energy Chief Says Not Aware of US Taking Oil Out of Iran
(Reuters) – U.S. Energy Secretary Chris Wright told a congressional hearing on Wednesday that he’s not aware that the U.S. has taken millions of barrels of oil out of Iran,…
Oil Steady as Investors Weigh Renewed US-Iran Fighting
Summary US launches new strikes on Iran after helicopter downed Tehran threatens to resume hostilities if Israel attacks Hezbollah US crude inventories fall for eighth week, raising supply concerns LONDON,…
Trump Says Iran Has Taken Too Long to Negotiate, Will ‘Pay the Price’
U.S. President Donald Trump on Wednesday said Tehran has taken too long to negotiate a deal and would now “have to pay the price” after Iran and the United States…
US Power Use to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA Says
(Reuters) – U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, driven by AI-hungry data centers and electrification, the…
Oil Inventories Headed Toward Multi-Decade Lows, US EIA Warns
(Reuters) – Oil stockpiles in the world’s largest economies are headed toward the lowest levels since at least 2003 as inventories are drawn down at a record pace due to…
US Natgas Output and Demand to Hit Record Highs in 2026, EIA Says
(Reuters) – U.S. natural gas supply and demand will both rise to record highs in 2026, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. EIA…
Devon Energy provides Full-Year Forecast After Merger With Coterra Energy
June 9 (Reuters) – Devon Energy (DVN.N) on Tuesday said it expects production to average 1.38 million barrels of oil equivalent per day in 2026, including oil output of 500,000…
US Energy Secretary Says Ship Traffic Through Strait of Hormuz Rising ‘Very Meaningfully’
(Reuters) – U.S. Energy Secretary Chris Wright said on Tuesday that ship traffic through the Strait of Hormuz is rising “very meaningfully” as the conflict with Iran continues. “I would…
New York State’s Electricity Reserves are Shrinking, Grid Operator Says
(Reuters) – Electricity supplies in New York have shrunk over the last five years, leaving one of the most populous U.S. states at risk of falling short of the energy…
