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US Refiners Phillips 66, Citgo Seek to Buy Crude Directly From Venezuela, Sources Say

By Nicole Jao, Arathy Somasekhar and Marianna Parraga Phillips 66, Citgo seek to purchase directly starting in April, Valero later in the year Venezuelan crude prices ease amid US Gulf Coast supply surge Direct purchases may face challenges under general license HOUSTON, Feb 18 (Reuters) – U.S. refiners Phillips 66 and Citgo Petroleum are seeking …

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California, Colorado and Washington Sue Trump Administration to Unlock Funding for Clean Energy Projects

By Peter Henderson SAN FRANCISCO, Feb 18 (Reuters) – California, Colorado and Washington are suing the federal government to force it to pay out grants approved by Congress for clean energy projects, the California attorney general’s office said on Wednesday. The Trump administration terminated some funding allocated under environmentally focused laws, including the Inflation Reduction …

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Japan, US Reach $36 Billion of Gas, Mineral Deals in Trump Pact

By Josh Wingrove, Yoshiaki Nohara, and Catherine Lucey Japan plans to invest up to $36 billion in US oil, gas and critical mineral projects, the first tranche of its $550 billion commitment under the trade agreement it struck with President Donald Trump. “Our MASSIVE Trade Deal with Japan has just launched!” Trump posted Tuesday on …

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US Energy Chief Downplays Interest in Greenland’s Rare Earths

By Mark Burton The Trump administration’s primary interest in Greenland is on national security, not the development of its rare earths or energy resources, according to US Energy Secretary Chris Wright. President Donald Trump has long sought to assert control over Greenland, and since his return to the White House his administration has been in …

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US Natural Gas Futures Sink to Four-Month Low on Warm Forecast

By Julian Hast US natural gas futures closed down, ending at a fresh four-month low, as traders weighed warming outlooks stretching through the end of the month, decreasing demand for the heating fuel. “We are simply running out of time for a last winter cold shot,” said Darrell Fletcher, managing director of commodities at Bannockburn …

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COMMENTARY: Booming LNG Exports May Get Dragged into US Cost-of-Living Debate

By Gavin Maguire LITTLETON, Colorado, Feb 18 (Reuters) – U.S. exporters of LNG consumed more natural gas than both households and commercial businesses last year, tightening U.S. gas supplies and putting the LNG export boom squarely in the frame of discussions surrounding rising U.S. energy costs. Liquefied natural gas exporters gobbled up a record 5,000 …

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Microsoft to Keep Buying Enough Renewable Energy to Match All its Electricity Needs

By Padraic Halpin Microsoft to retain matching target during AI expansion Tech giant has purchased 40 GW of new renewable energy Ready to ramp up again in data centre pioneer Ireland DUBLIN, Feb 18 (Reuters) – Microsoft (MSFT.O) has promised to keep buying enough renewable energy to match all its electricity needs after meeting that …

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Mapped: What Powers Each U.S. State and Canadian Province? – Visual Capitalist

By Bruno Venditti | Graphics/Design Christina Kostandi Key Takeaways Renewables generate 67% of Canada’s electricity, compared to just 22% in the U.S. Natural gas is the top power source in most U.S. states, while hydro dominates in Canada. Coal, nuclear, wind, solar, and even petroleum still lead in select regions. What powers your state or …

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