Democrats Question Legality of Trump, TotalEnergies Offshore Wind Deal

Energy Topics & Technology, Latest, Offshore, Renewable Energy, US News, Wind / By

April 7 (Reuters) – House Democrats questioned the legality of the Trump administration’s deal to ​return nearly $1 billion to TotalEnergies (TTEF.PA) to ‌stop the development of two U.S. offshore wind farms, according to letters sent to ​administration officials and the French ​energy company. U.S. Representatives Jared Huffman and ⁠Jamie Raskin, both Democrats, sent a …

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Freeport LNG Seeks Approval to Demolish Obsolete Import Facilities in Texas

Conventional Energy, Latest, LNG, US News / By

By Curtis Williams Freeport LNG requests FERC approval to demolish obsolete Texas import facilities US shift from LNG importer to top exporter driven ​by shale revolution Company says removal will improve safety ‌and reduce maintenance on unused assets HOUSTON, April 7 (Reuters) – Freeport LNG has asked U.S. regulators for permission to demolish facilities in …

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US Lawmakers Press Bessent on LNG Ships That are Taking Tax Credit

Conventional Energy, Latest, LNG, US News / By

By Timothy Gardner WASHINGTON, April 7 (Reuters) – A group of Democratic U.S. senators on Tuesday pressed Treasury Secretary Scott Bessent on whether enormous tankers ​that ship liquefied natural gas qualify for a lucrative tax ‌credit meant for smaller boats that burn the fuel. Here are details about the issue. The Alternative Fuel Excise Tax …

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U.S. Shale Drillers Seen Lifting Crude Output on Hormuz-Driven Price Rally

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, Shale, US News / By

It may take months to begin to see the uptick in production from shale fields in places like the Permian Basin By David Wethe and Kevin Crowley United States shale drillers are expected to follow President Donald Trump’s call for higher oil production — but not just because he said so. The 68 per cent …

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North American Oil is in Demand as World Grasps for Supplies

Conventional Energy, Latest, Oil, US News / By

Bakken oil traded at the Clearbrook, Minnesota, hub shot up to an US$18 premium By Robert Tuttle and Christopher Charleston The spiderweb of cracks in the global oil market are spreading across the Rocky Mountains and U.S. Great Plains as demand for a shrinking pool of accessible crude escalates. Oil grades from Texas and North …

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US Power Use to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA Says

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, the Energy Information Administration said in its Short-Term Energy Outlook on Tuesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours (kWh) in 2025 to 4,244 billion kWh in …

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Fuel Prices Could Keep Rising for Months After Hormuz Reopens, US EIA Says

Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – Fuel prices could keep rising for months even after the Strait of Hormuz reopens, the U.S. Energy Information Administration said on Tuesday, deviating from President Donald Trump’s assurances that consumers will see immediate relief when he ends the war with Iran. The U.S.-Israeli war with Iran, now in its second month, has sent …

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Deal, Delay or Strike? Investors on Edge as Trump’s Iran Deadline Nears

CDN and International News, Conventional Energy, Energy Topics & Technology, Finance, Latest, Natural Gas, Oil, US News / By

(Reuters) – Global markets have entered a period of heightened uncertainty ahead of a deadline set by U.S. President Donald Trump for Iran, with investors weighing various outcomes ranging from a ceasefire to renewed military escalation and their implications for oil, currencies and risky assets. Iran showed no sign of agreeing to Trump’s demand that …

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Heads of IEA, IMF, World Bank to Meet Next Monday to Discuss Energy Crisis

CDN and International News, Conventional Energy, Latest, Natural Gas, Oil / By

(Reuters) – The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA executive director Fatih Birol said on Tuesday. “This energy crisis calls for all hands on deck & international cooperation,” Birol said on social media platform …

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Governments Worldwide Shield Households From Rising Energy Costs

CDN and International News, Conventional Energy, Latest, Natural Gas, Oil / By

April 7 – Governments worldwide are trying to shield consumers from soaring energy costs resulting from the U.S.-Israeli war on Iran. Here’s how different countries are responding: INDIA India will review its fuel exports if needed to ensure availability in the local markets, a government official said. India is assessing fuel-supply requests from its neighbours …

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