Dec 24 (Reuters) – Northern Indiana Public Service Company on Wednesday said it has received a federal order requiring the continued operation of R.M. Schahfer generating station beyond its planned December 31, 2025, retirement date. The order directs the Indiana-based plant to remain open for 90 days from the date of the order, the firm …
NIPSCO Receives Federal Order to Keep Indiana Coal Plant Running Read More »
Clyde Russell LAUNCESTON, Australia, Dec 23 (Reuters) – Conventional wisdom in the crude oil market is that producers such as OPEC+ largely determine the price by altering output levels to achieve a desired outcome. That shibboleth was challenged in 2025 by China, which used its status as the world’s biggest oil importer to provide an effective price floor …
China Overtakes OPEC+ as the Main Oil Price Maker Read More »
Malaysian state-owned energy firm Petroliam Nasional said on Wednesday it would supply Chinese offshore oil and gas company CNOOC with 1 million metric tons per annum of liquefied natural gas (LNG). The agreement between Petronas LNG and CNOOC Gas and Power Singapore Trading & Marketing builds upon existing cooperation between the two companies, Petronas said in a …
Malaysia’s Petronas signs LNG supply deal with China’s CNOOC Read More »
BP is nearing a sale of a majority stake in its Castrol lubricants unit to investment firm Stonepeak in a deal that values the entire division at $10 billion, including debt, the Wall Street Journal reported on Tuesday. As part of the deal, BP is set to receive roughly $6 billion in proceeds from the …
BP Nears Deal to Sell Majority Stake in Castrol to Stonepeak, WSJ Reports Read More »
(Reuters) – The United States told the United Nations on Tuesday it will impose and enforce sanctions “to the maximum extent” to deprive Venezuelan President Nicolas Maduro of resources as Russia warned other Latin American countries could be next. U.S. President Donald Trump’s administration has for months waged a campaign of deadly strikes against suspected …
US Tells UN it Will Deprive Venezuela’s Maduro, Drug Cartel of Resources Read More »
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Tuesday. The oil and gas rig count, an early indicator of future output, rose by three to 545 in the week to December …
US Drillers Add Oil, Gas Rigs For First Time in Three Weeks, Baker Hughes Says Read More »
(Reuters) – Venezuela’s state-run oil company PDVSA has started filling up tankers with crude and fuel oil it has in storage as inventories mount amid moves by the U.S. to seize Venezuela-linked ships, according to company documents and shipping data. The U.S. Coast Guard this month intercepted the Skipper and Centuries tankers in the Caribbean …
Venezuela Resorts to Floating Storage as Onshore Tanks Fill Up Amid Ship Seizures Read More »
* AI data center electricity demand revives peaker power plants * Peakers emit more pollution when they run than typical power plants * The power plants are often located in low-income, minority communities By Laila Kearney In Chicago’s working-class Pilsen neighborhood, a 60s-era oil-fired power plant rises up from an industrial lot behind Dvorak Park, …
AI Data Centers are Forcing Obsolete ‘Peaker’ Power Plants Back into Service Read More »
PALM BEACH, Florida, Dec 22 (Reuters) – U.S. President Donald Trump said on Monday the United States would maybe keep and maybe sell the oil it had seized off the coast of Venezuela in recent weeks, adding the United States would also keep the seized ships. “Maybe we will sell it, maybe we will keep …
US Might Keep or Might Sell Oil Seized Near Venezuela, Trump Says Read More »
By Dorothy Neufeld | Graphics/Design Joyce Ma Key Takeaways Oil, coal, and natural gas were the leading sources of global energy demand in 2024. While coal demand is set to drop the most by 2050, solar and wind demand is forecast to surge. Fossil fuels powered 80% of global energy demand in 2024, with this …
Charted: Global Energy Demand by Fuel Type (2024-2050P) – Visual Capitalist Read More »
