Summary Trump to use Defense Production Act to steer money to coal projects Funds would upgrade coal plants, support new facilities and export infrastructure Environmental groups criticize plan; industry says coal supports AI-driven power demand and energy security (Reuters) – President Donald Trump said on Thursday he is directing hundreds of millions of dollars …
Summary Oman said Mina al Fahal operations proceeding normally Hezbollah leader rejects Lebanon ceasefire deal Iranian oil exports fall to lowest level in six years, data shows OPEC secretary general says oil demand to remain robust, no change to estimates LONDON, June 5 (Reuters) – Oil prices edged lower after Oman said operations at Mina …
Oil Edges Lower After Oman Says Mina al Fahal Operations Proceeding Normally Read More »
(Reuters) – Iranian exports of crude oil and condensate fell to their lowest level in at least six years in May, falling well below 300,000 barrels per day, mainly due to the U.S. naval blockade, according to shipping data and analysts. The U.S. began enforcing the blockade on April 13, choking Iranian exports as the …
Iranian Oil Exports Fall to Lowest Level in Six Years, Data Shows Read More »
ST PETERSBURG, June 4 (Reuters) – OPEC expects robust oil demand growth and is not changing its estimates, Secretary General Haitham Al Ghais said on Thursday at the St Petersburg International Economic Forum, despite the Middle East conflict and closure of the Strait of Hormuz. “Despite all the commentary out there that oil demand is …
OPEC Secretary General Says Oil Demand to Remain Robust, No Change to Estimates Read More »
(Reuters) – Electricity demand in Texas grew 9% in recent months, nearly five times the U.S. average, driven by the expansion of data centers and cryptominers in the Lone Star State, according to data released by Hitachi Energy on Thursday. The Texas power grid saw the largest jump in both power demand and the addition …
Texas Power Demand Growth Nearly Five Times the Broader US, Report Says Read More »
By Jennifer A Dlouhy President Donald Trump is preparing to use Cold War-era authorities to dole hundreds of millions of federal dollars to support coal-fired electricity as well as US exports of the fossil fuel. Trump is expected to announce he’s delivering the funding for US coal plants and an American export terminal under the …
Trump Plans $700 Million Push to Build Coal Plants, Export Site Read More »
By Julian Lee and Alex Longley No region of the world produces more oil and gas than the countries straddling the Persian Gulf. Most of this energy can only be exported aboard tankers that cross the Strait of Hormuz — a waterway that’s effectively been blocked for more than three months. Iran has throttled traffic …
Why the Strait of Hormuz Is at the Heart of the US-Iran Stalemate Read More »
LONDON, June 3 (Reuters) – Liquefied natural gas (LNG) prices could rise further in significant volatility than experienced so far during the Iran war if supply disruptions coalesce with hot weather in Asia and European storage refill needs, Uniper’s chief executive for the Middle East, John Roper, said on Wednesday. The current supply disruptions have …
LNG Prices Could Go Higher in Significant Volatility, Uniper Executive Says Read More »
By Curtis Williams Delfin FLNG 1 to be first US floating LNG facility, largest globally Project had been delayed by pipeline explosion near Holly Beach and Johnson Bayou in Louisiana Delfin aims to secure FIDs for additional FLNG vessels within the next year June 3 (Reuters) – Delfin Midstream said on Wednesday it has taken …
Delfin Midstream Greenlights First US Floating LNG Export Project Read More »
By Bruno Venditti | Graphics/Design: Sam Parker Key Takeaways China accounts for one-third of global electricity demand, a dramatic rise from under 10% in the early 2000s North American countries lead in per capita electricity use among the top consumers due to large homes, climate, and energy-intensive lifestyles Electricity demand reflects both economic activity and living standards. …
These Countries Use the Most Electricity in the World – Visual Capitalist Read More »
