(Reuters) – Data centers are being blamed for America’s rising electric bills. But the real issue is not that AI — and consumers in general — are boosting energy usage. The real problem is structural, and it began long before the latest infrastructure boom. Average residential electricity rates rose 6% last year — more than …
(Reuters) – Iranian and U.S. technical teams working on the implementation of an interim peace deal are expected to meet in Doha in the coming days, a source told Reuters on Monday, after tit-for-tat weekend strikes threatened to derail the fragile accord. Mediators have established communications channels to de-escalate any incidents, and technical talks are …
Mediators Set Up De-Escalation Channels Ahead of US-Iran Talks, Source Says Read More »
(Reuters) – Middle East producers are pushing ahead with loading oil and liquefied natural gas despite fresh ship attacks in the Strait of Hormuz and renewed strikes between the U.S. and Iran in recent days, shipping data showed. Energy shipping in the strait slowed after attacks on a container ship on Thursday and an oil …
Middle East Producers Push on With Oil, LNG Loadings Despite Ship Attacks Read More »
(Reuters) – Energy exploration has picked up sharply in Australia driven by growing Asian gas demand, technological advances and an improved investment climate, with the Iran war underscoring the urgency to develop supply, after years of sluggish spending. Quarterly oil and gas exploration spending in Australia, the world’s No. 2 liquefied natural gas producer, hit …
Australian Energy Exploration Hits 10-Year High in Hunt for Gas Read More »
Crude prices may be back near levels seen before the Iran war, but the surge in oil exports from the Middle East following the reopening of the Strait of Hormuz is creating a chaotic market that could take months to settle. The steep slide in Brent crude back to pre-war levels of around $73 …
Hormuz Oil Exodus Sets Stage for Chaotic Rebalancing Act: Bousso Read More »
A power outage on Sunday forced the shutdown of Venezuela’s largest refinery, the 645,000-barrel-per-day Amuay, workers from that facility said, the second refinery without electricity following two deadly earthquakes in the country. The South American nation has been struggling to provide power to industrial plants, refineries, businesses and citizens following the quakes, which have left …
Power Outage Forces Venezuela’s Largest Refinery to Shut Down, Sources say Read More »
Summary US and Iran also agree to resume talks over Strait of Hormuz Middle East producers press ahead with loadings Brent crude fell 10.6% last week (Reuters) – Oil prices steadied on Monday as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East producers pushed ahead with …
Oil Steadies as US and Iran Agree to Halt Attacks Read More »
(Reuters) – Trump administration policies that have stalled permits for renewable energy projects are putting more than $121 billion of investment at risk and slowing development of wind, solar and storage capacity needed to meet rising power demand, according to a report published on Monday. The findings by energy research firm Wood Mackenzie highlighted tension between President Donald …
Summary CEO Richard Jackson aims to cut debt to $10 billion Occidental to begin repaying $8.5 billion to Berkshire in 2029 Investor Bill Smead says Occidental must grow or seek a buyer (Reuters) – In not quite a month as Occidental Petroleum’s CEO, Richard Jackson has already been challenged with looking for ways to lift …
(Reuters) – U.S. pipeline operator Williams is in advanced talks to acquire rival natural gas pipeline operator Momentum Midstream for about $5.5 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. The Tulsa, Oklahoma-based company is putting the finishing touches on an agreement to buy Momentum from private equity firm …
IN TALKS: Williams in Talks on $5.5 Billion Deal for Momentum Midstream – Report Read More »
