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By Tim McLaughlin ICF forecasts 445 GW of US capacity additions through 2030 Those additions equal about 191 GW at peak demand, ICF said ICF estimates the US has 26 GW of excess generating capacity above minimum reliability needs BOSTON, June 25 (Reuters) – U.S. electric grid’s rapid buildout is expanding at a pace that …
Rapid US Grid Growth Could Rival Nation’s Largest System, Report Says Read More »
(Reuters) – Peace in the Gulf may ease pump prices, but not the Federal Reserve’s bigger problem: a U.S. economy that may already have been overheating before the Iran war. If oil retreats to pre-war levels, it could even spur demand at a critical juncture and worsen cost-of-living fears. That sounds like a “damned if …
Iran Peace Deal No Silver Bullet for Fed’s Inflation Dilemma: Mike Dolan Read More »
(Reuters) – Iraq’s oil ministry said on Thursday that reports suggesting Baghdad was considering ending its membership in OPEC did not reflect the Iraqi government’s official position. The ministry added that Iraq continued to stress the importance of reviewing oil production quotas to ensure they are aligned with member states’ sustainable production capacities. Reporting by …
Iraq Says Reports of Possible OPEC Exit Do Not Reflect Official Position Read More »
(Reuters) – UBS on Thursday cut its Brent crude forecasts to $85 a barrel for end-September and end-December, from $105 and $95 respectively, and said a recovery in oil production from the Iran war was likely to be slower than the market expects. An interim deal last week to end the U.S.-Israeli war on Iran, …
UBS Cuts Brent Forecasts But Says Output Recovery May Lag Market Expectations Read More »
Summary Iraq is OPEC’s second-largest producer Iraq’s economy under strain after Hormuz disruption Iraqi exit would be a blow to the oil exporters’ group OPEC was founded in the Iraqi capital Baghdad BAGHDAD, June 25 (Reuters) – Iraq has considered leaving OPEC if the oil producer group does not allow Baghdad to significantly increase oil …
Iraq Warns it Might Leave OPEC if Oil Quota Not Raised Read More »
(Reuters) – J.P. Morgan on Wednesday lowered its second-half 2026 Brent crude oil price forecast due to lower-than-expected OECD commercial inventory draws and lower demand for oil. The bank sees Brent averaging $86 per barrel in the third quarter, $80 in the last quarter, and expects to exit 2026 at $78, according to a research …
JP Morgan Lowers Brent Crude Price Forecast for Second-Half 2026 Read More »
HOUSTON, June 24 (Reuters) – U.S. crude stocks at Cushing fell to a near 12-year low last week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 6.1 million barrels to 412.1 million barrels in the week ended June 19, their lowest since January 2025, the EIA …
U.S. Crude Stocks at Cushing Hit Near 12-Year Low, Fuel Inventories Rise, EIA Read More »
Summary CFOs cut expected US economic growth to 1.8% from 2.1% in quarterly Fed poll Firm-level optimism rose while hiring plans remained steady, the survey showed Firms saw little hit to demand during months of high oil prices PCE data on Thursday expected to show inflation jumped in May (Reuters) – The U.S.-backed war against …
US CFOs in Survey Say Firms Mostly Absorbed Oil Price Shock Read More »
By Kate Abnett BRUSSELS, June 23 (Reuters) – The owner of the Gazprom-controlled Nord Stream 2 gas pipeline is suing the European Union in the bloc’s second-highest court, seeking to annul the EU’s binding phase-out of gas imports from Russia, a public document showed. The EU approved a law this year to halt all Russian …
Nord Stream 2 Pipeline Owner Sues EU Over Russian Gas Ban Read More »
By Ruth Liao, Ewa Krukowska, and Petra Sorge The US, Qatar and other natural gas exporters are urging the European Union to ease some of its pending methane emissions rules, warning that the regulations could threaten the bloc’s energy security. In a letter to European leaders, the countries asked for a “pragmatic approach” to clarifying …
Trump Administration, Qatar Say EU Methane Rules Threaten Energy Security Read More »
