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Summary Fuel costs could lift average monthly bill as much as 13% to $195 from $173 Virginia Electric expects 23% of energy supply from PJM wholesale market, up from 14% in 2021 Dominion says offshore wind project would save customers about $5 billion over first 10 year (Reuters) – Dominion’s fuel costs in Virginia …
Virginia Data Center Boom Pushes Dominion Deeper Into Costly Power Market Read More »
Gasoline at $38 a gallon sold from cramped apartments. Diesel hawked on Instagram by a celebrity model to a reggaeton soundtrack. Six decades after Fidel Castro’s revolution, all of a sudden, capitalist cracks are appearing in Cuba’s communist energy sector. Under Washington’s crippling oil embargo against Cuba, an exception that allows U.S. firms to export …
US Fuel Sales to Cuban Business Bring a Glimpse of Capitalism to Havana Read More »
By Reuters (Reuters) – Phillips 66, Kinder Morgan and HF Sinclair said on Tuesday they have finalized a joint venture agreement and decided to proceed with the proposed $5 billion Western Gateway Pipeline system. Phillips 66 will own 49.9% of the joint venture, Kinder Morgan 35.1% and HF Sinclair 15%, they added. Companies have been racing …
Phillips 66, Kinder Morgan, HF Sinclair Approve Western Gateway Pipeline Project Read More »
(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 6.1 million barrels to 298.7 million barrels last week, the lowest level since January 1983, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. Reporting …
(Reuters) – U.S. and European diesel prices rose sharply on Monday after attacks on refineries in Russia and Saudi Arabia added to supply disruptions, raising concerns for farmers in need of the fuel for the planting season in the Northern Hemisphere and harvesting season in the Southern Hemisphere. The U.S. ultra-low sulfur diesel futures contract …
Equipment failures suggest unforeseen costs and reliability issues at the multibillion dollar facilities. By Naureen S Malik Rapid swings in AI data centers’ power demands are straining vital equipment, causing batteries, generators and cooling systems to malfunction or wear out far sooner than expected. As the AI boom accelerates, these technical problems suggest added costs …
AI’s Volatile Power Demand Is Damaging Its Own Data Centers Read More »
By Menna Alaaeldin, Jonathan Saul and Kate Abnett First reported difficulty on June 8 off Yemen Grounded off Omani nature reserve Indications of a blast aboard, maritime security sources say Loaded with Russian crude bound for Asia Tanker subject to EU, other sanctions Aug 10 (Reuters) – Leaking crude oil from a tanker grounded off …
Oman Says Grounded Tanker Oil Spill Covers 400 Square KM Read More »
By Laila Kearney Texas’ data center approval pause leaves deposits at risk without timeline for grid approvals Projects had to post $50,000 per megawatt in security to enter Batch Zero Draft September rule could increase nonrefundable deposit share to 80% from 20%, interviews show NEW YORK, Aug 7 (Reuters) – After putting up tens of …
(Reuters) – U.S. oil producer Occidental Petroleum said on Thursday it expects flat production and capital spending in 2027, adding that it would continue to prioritize debt-reduction efforts. Speaking on a post-earnings conference call, Chief Financial Officer Sunil Mathew said the company expects the starting point for capital spending to be $5.9 billion in 2027, …
Occidental Sees Flat Spending, Output in 2027, Keeps Focus on Debt Reduction Read More »
By Mark Gongloff Given America’s political environment, you would be forgiven for thinking the country has slipped into a dark age of energy recidivism; burning oil, gas and coal left and right; and tossing wind and solar farms on the scrap heap. In reality, this is looking a lot like a golden age for renewable …
Trump Is Aiding a Golden Age for Renewable Energy Read More »
