Texas Project to Build Four Nuclear Plants is in Talks With ‘Hyperscalers’

By WASHINGTON, July 8 (Reuters) – Fermi, a Texas company looking to build four nuclear plants next to a U.S. nuclear weapons complex, said in documents revealed on Tuesday that…

EIA’s STEO: Geopolitics Push Oil Up, But Glut Still Looms

Oil prices have inched up, but the EIA says don’t get used to it. The July Short-Term Energy Outlook (STEO) raised its 2025 Brent forecast by $3 to $69/bbl, citing…

US Natgas Output and Demand to Hit Record Highs in 2025, Before Sliding in 2026, EIA Says

(Reuters) – U.S. natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. Energy Information Administration (EIA) said in its Short-Term…

US to Produce Less Oil in 2025 Than Previously Expected Amid Declining Prices, EIA Says

By EIA lowers its 2025 oil production forecast to 13.37 million bpd Geopolitical tensions influence Brent crude price forecast US oil demand to rise slightly in 2025 vs 2024, EIA…

US Power Use to Reach Record Highs in 2025 and 2026, EIA Says

By July 8 (Reuters) – U.S. power consumption will hit record highs in 2025 and 2026, the U.S. Energy Information Administration said in its short-term energy outlook on Tuesday. Get…

Oil Prices Edge Up to Two-Week High on Lower US Output Forecast, Positive US Economic News

By US could produce less oil in 2025 than previously expected OPEC+ to raise production by 548,000 barrels per day in August Markets unsettled by uncertainty over Trump tariffs NEW…

Iran Denies Trump Claim of New Nuclear Talks

Iran hasn’t asked for nuclear negotiations with the United States to resume, Iranian Foreign Ministry Spokesman Esmaeil Baghaei said on Tuesday, disputing U.S. President Donald Trump’s remarks that a new…

Saudi Arabia’s Crude Oil Exports Jumped by 400,000 Bpd in April

Saudi Arabia’s crude exports soared by 412,000 barrels per day (bpd) in April from March, the latest data by the Joint Organizations Data Initiative (JODI) showed on Tuesday. Saudi Arabia,…

EU Parliament Endorses Eased Natural Gas Storage Targets

The European Parliament approved on Tuesday eased rules and targets for natural gas storage refills in the EU in a move aimed at preventing price spikes. Earlier this year, the…

Nissan to Curb Production of New EV Amid China’s Rare Earths Export Controls

Japanese car manufacturing giant Nissan Motor is revising down production plans for its new Leaf series electric vehicle as the Chinese controls on exports of rare earth elements have created…