Oil Prices Slump After Trump Comments While Analysts Point to Supply Crunch
Summary Trump and Vance talk up Iran deal prospects Another two oil tankers exit Strait of Hormuz Official U.S. stockpiles data due at 1430 GMT (Reuters) – Oil prices lost…
SEE THEM HERE: Some of the Biggest Power Companies in US
(Reuters) – Major U.S. power company NextEra Energy announced a plan to acquire Dominion Energy in a $66.8 billion deal that would create one of the world’s largest electric utilities.…
INSIGHT: Giant US Power Merger Bets on AI Build-Out, but May Hinge on Power Bills
Summary Regulators to assess merger on consumer impact amid AI-driven demand Deal aims to accelerate data center power projects using combined scale, expertise Consumer advocates criticize merger as benefiting shareholders…
API Shows US Crude Stocks Fall for Fifth Straight Week, Fuel Inventories Also Drop, Sources Say
Houston, May 19 (Reuters) – U.S. crude oil inventories fell for a fifth straight week last week, according to market sources citing American Petroleum Institute data released on Tuesday, while…
Oil & Gas Dealmaking Heats Up With $20 Billion of Assets in Play
By Buyout shops are finding a rare exit opportunity in the US oil patch. US private equity firms are shopping more than half-dozen closely held oil and gas companies in…
US Gas Exporters Ask to Push Back EU Methane Regulation Until 2028
By and AMSTERDAM, May 19 (Reuters) – U.S. gas exporters are asking Europe to delay the enforcement of a new methane emissions law until 2028, a top official of the…
High Gas Prices Spur Americans to Improvise, From Bus Rides to Toy Cars
By and Gas prices surge to more than $4.50 a gallon nationwide Some drivers increasingly limit travel, avoid higher-priced gas stations More Americans turn to public transit NEW YORK, May…
US Senate Confirms Trump’s Pick to Lead Land Bureau
enate (Reuters) – The U.S. Senate voted on Monday to confirm Steve Pearce, a former oilman and congressman from New Mexico, to lead the Bureau of Land Management. Pearce was…
Data Center Rush Worsens Shortages of Power, Grid Workers
By U.S. power developers could face delays and higher costs from shortages in electricians and other crafts, requiring faster rollout of skills and technology training. May 18 – Soaring demand…
Shell Shareholders Reject Climate Activist Resolution as They Re-Elect CEO, Chairman
By and Shell CEO Wael Sawan says oil demand will remain essential for decades Shareholder climate resolution gets 13% support, according to initial results LONDON, May 19 (Reuters) – Shell…
