US Utilities Grapple with Big Tech’s Massive Power Demands for Data Centers

Summary • Utilities face challenges predicting future power demand for data centers• Tech companies seek multiple bids, complicating demand forecasts• Rising costs and AI advancements may reduce future power needs…

China-US Blossoming Petchem Ties Could Be trade War Casualty

Summary U.S. accounted for 62% of China LPG, ethane imports in 2024 While China accounted for a third of U.S. LPG, ethane exports Trade war likely to lead to sharp…

Clean Energy Already Has Big Trade Barriers. Now Comes Trump

One set of  went into effect on Saturday. The rest are due to begin Wednesday. Stock markets around the world have taken a nosedive, with some indices cratering even worse than…

Exxon CEO Woods Compensation Rose 19% in 2024

April 7 (Reuters) – Exxon Mobil CEO Darren Woods’ pay package for 2024 rose 19.3% to $44.1 million, a regulatory filing by the U.S. oil major on Monday showed. Woods’…

Goldman Sachs Lowers 2026 Oil Price Forecasts Again

In a note dated April 6, the bank cut its 2026 average price forecast by $4 for Brent to $58 a barrel and WTI to $55. The Wall Street brokerage…

Saudi Arabia Slashes Oil Prices Ahead of Output Boost

Saudi Arabia cut the official selling prices for its oil sharply ahead of a production boost set for next month. The sharpest cut was made for the price of oil…

China’s Independent Refiners Boost Run Rates

ByIrina Slav– Apr 07, 2025, 3:41 AM CDT Independent refineries in China, often called teapots, raised their run rates in March in a positive sign for oil demand from the…

Stonepeak to Invest $5.7 Billion in Woodside’s Louisiana LNG Project

Stonepeak to Invest $5.7 Billion in Woodside’s Louisiana LNG Project | OilPrice.com `; document.write(write_html); } Breaking News: ByTsvetana Paraskova– Apr 07, 2025, 5:11 AM CDT Australia’s Woodside Energy has reached…

Celepsa And Zelestra Sign Long-Term Power Purchase Agreement For 238 MWdc Solar Project In Peru

Celepsa, a power generation and marketing company that is part of the UNACEM Group and operates with an international presence, has signed a power purchase agreement (PPA) with Zelestra, a…

Tata Power to Install 100 MW Battery Energy Storage System in Mumbai to Enhance Grid Resilience and Support Clean Energy Transition

Representational image. Credit: Canva Tata Power, India’s largest integrated power company and a trusted electricity provider to around 800,000 residential and commercial consumers, has received approval from the Maharashtra Electricity…