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Americans Wary of AI-Driven Data Center Boom, Reuters/Ipsos Poll Shows

Artificial Intelligence, Energy Topics & Technology, Latest, US News / By

(Reuters) – Just one-in-three Americans approve of the fast pace of data-center construction that supports artificial intelligence and most would oppose building one in their own community, according to a new Reuters/Ipsos poll. The poll results reflect widespread public unease over the data center boom in the United States, an issue high on the minds …

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Hormuz Reopening Could be OPEC’s Undoing: Bousso

CDN and International News, Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil, OPEC / By

(Reuters) – Saudi Arabia and neighbouring Gulf producers will cheer the eventual reopening of the Strait of Hormuz, but the ensuing flood of oil risks eroding OPEC’s already fragile grip on the market. The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas …

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US Offers to Loan Up to 40 Million Barrels of Oil From Strategic Petroleum Reserve

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – The U.S.is seeking to loan energy companies up to 40 million barrels of crude oil from the Strategic Petroleum Reserve to help push fuel prices down, the Department of Energy said on Wednesday. The latest U.S. offer to loan the oil is part of a previous U.S. agreement to release 172 million barrels …

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Devon Energy provides Full-Year Forecast After Merger With Coterra Energy

Energy Topics & Technology, Exploration & Production, Forecasts, Latest, Mergers and Acquisitions, US News / By

June 9 (Reuters) – Devon Energy (DVN.N) on ​Tuesday said it expects ‌production to average 1.38 million barrels of oil equivalent per ​day in 2026, including ​oil output of 500,000 barrels ⁠per day, following the completion ​of its merger with ​Coterra Energy. The U.S. oil and gas producer forecast full-year 2026 capital spending ​of about …

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Oil Inventories are Headed Toward Multi-Decade Lows, US EIA Warns

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

NEW YORK, June 9 (Reuters) – Oil stockpiles ​in the world’s largest economies ‌were headed toward the lowest levels since at least 2003 ​as top consuming nations tapped ​inventories at a record pace to ⁠plug the loss of ​over 11 million barrels a ​day of Middle Eastern output due to the Iran war, the U.S. …

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New York State’s Electricity Reserves are Shrinking, Grid Operator Says

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

(Reuters) – Electricity supplies in New York have shrunk over the last five years, leaving one of the most populous U.S. states at risk of falling short of the energy needed to power homes and businesses on the hottest and coldest days of the year, the state grid operator said on Tuesday. The retirement of …

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US Airlines’ Fuel Costs Soared in April to $6.5 Billion

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

By David Shepardson WASHINGTON, June 8 (Reuters) – Fuel costs for U.S. airlines jumped 78% in April to nearly $6.5 billion ​compared with the year before, as the Middle East conflict drives ‌up jet fuel prices, the U.S. Transportation Department said Monday. Airlines’ fuel costs were up 26% over March and carriers used 2.6% less …

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MAKING HAY IN MAY: Canada’s Oil and Gas Drillers ‘Making Money’ in Busiest May Since Boom-Era 2014

CDN and International News, Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Oil / By

‘Two months ago, if you said oil is going to be the low 80s, you’d pop the champagne,’ said Ensign Energy Services Inc. president Bob Geddes By This Article and More by Steven Wilhelm Here Original: financialpost.com/business/energy/canada-oil-gas-drillers-making-money-busiest-may-since-2014/wcm/6acce87b-0c18-4fbe-af44-ddf94508e35f   High oil prices are propelling a new rush for black gold across Western Canada, with drillers getting …

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Goldman Sachs Says Global Oil Demand Takes Big Hit, Sees Risks to Price Forecast

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

  Goldman Sachs said in a note on Friday that global oil demand has declined more than expected, posing two-sided risks to its fourth-quarter 2026 Brent crude price forecast of $90 a barrel and WTI forecast of $83 per barrel. The bank estimated 4 million to 5 million barrels per day (mb/d) of global oil …

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AI Power Boom Revives Natural Gas as Infrastructure Bet

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

By Paula Sambo, Liana Baker, and Mathieu Dion A surge in electricity demand from artificial intelligence and data centers is reshaping North America’s power markets, creating a “renaissance” for natural gas after decades of limited new development, according to KKR & Co. partner Brandon Freiman. The power sector has moved from years of flat demand …

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