Wind and Solar Power Frozen Out of Trump Permitting Push
Summary Power demand seen rising 32% by 2030, driven by AI expansion Federal delays threaten solar and wind projects on public and private lands Renewable plants are quicker to bring…
Oil Steadies Ahead of Ukraine Peace Talks and Fed Interest Rate Decision
Summary Market seeks cues from peace talks and Fed rate decision Fed expected to cut interest rates by 25 bps on Wednesday Russian oil supply risks offset oversupply concerns (Reuters)…
US Holds First Gulf of Mexico Oil and Gas Auction Since 2023
By Reuters (Reuters) – The Trump administration will hold the government’s first sale of oil and gas drilling rights in the Gulf of Mexico since 2023 on Wednesday, a key test…
US Power Use to Reach Record Highs in 2025 and 2026, EIA Says
(Reuters) – U.S. power consumption will hit record highs in 2025 and 2026, the Energy Information Administration said in its short-term energy outlook on Tuesday. The EIA projected power demand…
EIA Lifts 2025 US Oil Output Forecast to a Record High as Supplies Swell
(Reuters) – U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, as expectations mount of a global…
US Natural Gas Futures Drop 7% for Second Day as Mild Weather Trims Demand
(Reuters) – U.S. natural gas futures dropped about 7% for the second straight day to a one-week low on Tuesday, on more moderate two-week forecasts for weather and demand, near-record…
US Natgas Output and Demand to Hit Record Highs in 2025, EIA Says
(Reuters) – U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. EIA…
Chevron CEO Wirth Says He is in Discussions With Board About Succession
(Reuters) – Chevron CEO Mike Wirth said on Tuesday he is in discussions with the board of directors about when he will step down from the U.S. oil producer. “I’ve…
Texas Makes Clean Power Breakthrough as Solar Output Overtakes Coal
(Reuters) – For the first time, Texas’ main power system looks set to generate more power from solar farms than coal plants during a calendar year in 2025, marking a…
Exxon Raises Earnings Growth, Oil Production Forecasts to 2030
(Reuters) – Exxon Mobil is targeting $25 billion in earnings growth from 2024 to 2030 and will increase oil and gas production, the top U.S. oil producer said on Tuesday…
