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Oil Trade Group Pushes US for National Ethanol Policy After EPA Okays Midwest Expansion

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

By Stephanie Kelly and Jarrett Renshaw NEW YORK, Feb 24 (Reuters) – The American Petroleum Institute trade group on Monday pressed for a nationwide policy on higher-ethanol blends of gasoline after the President Donald Trump’s administration said on Friday it would move ahead with expanded sales of the product in certain Midwestern states. The U.S. …

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Repsol Cuts Green Hydrogen Target by as Much as 63%

CDN and International News, Energy Topics & Technology, Hydrogen, Latest / By

MADRID, Feb 20 (Reuters) – Spanish energy company Repsol (REP.MC) cut its 2030 target for green hydrogen production by up to 63%, Chief Executive Josu Jon Imaz said on Thursday, highlighting the challenges of a high-cost industry heavily reliant on subsidies. Repsol now expects to achieve between 0.7 gigawatts (GW) and 1.2 GW of electrolyser …

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Trump’s EPA Plots Single Strike Against US Climate Change Rules

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

Environmental chief urges rewrite of 2009 climate finding Measure provides legal foundation for array of climate rules President Donald Trump’s top environmental regulator is recommending the US government scrap its formal conclusion that greenhouse gases endanger the public, a move that would sweep away the legal foundation for regulations limiting planet-warming pollution from power plants, automobiles and …

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ONCE BITTEN, TWICE SHY! – Pipeline Owner Says it has “Moved On” from Keystone XL Project

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

Keystone XL redux? Trump says he wants defunct oil pipeline back from the dead   CALGARY – U.S. President Donald Trump says he’d like to see the Keystone XL pipeline brought back from the dead, garnering an enthusiastic reception from Alberta’s premier but a tepid one from the company spun off from its erstwhile proponent. …

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SLB Delays ChampionX Deal Closure to Early Second Quarter

Energy Topics & Technology, Latest, Mergers and Acquisitions, OFS-Oilfield Services, US News / By

U.S. oilfield services firm SLB said on Tuesday it now expects its buyout of ChampionX to close by the end of the first quarter or early the second quarter of 2025. SLB is legally permitted to close the all-stock transaction – now worth $5.82 billion – in the U.S., but it has been held up …

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Trump Says he Wants Keystone XL Pipeline to be Built

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pinned Primary, Pipelines, US News / By

Republican U.S. President Donald Trump said on Monday he wanted the Keystone XL Pipeline built and pledged easy regulatory approvals for the project, which was opposed for years by environmentalists before its permit was revoked by the Biden administration. The pipeline was first proposed in 2008 to bring oil from Canada’s Western tar sands to …

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Bank of America predicts Brent crude to average $75/bbl in 2025

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

(Reuters) – Bank of America expects Brent crude to average $75 per barrel in 2025 and $73 in 2026, citing low global oil inventories, balanced supply and demand, and about 5 million barrels per day of OPEC spare production capacity. The Organization of the Petroleum Exporting Countries and its allies including Russia, a group known …

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Brookfield Makes $1.7 Billion Renewables Bet on Increasing AI, Data Power Needs

Batteries, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News, Wind / By

Announces deal to buy National Grid’s U.S. onshore renewables business including solar parks and onshore wind farms By Rachel Morison and William Mathis Brookfield Asset Management Ltd. agreed to spend US$1.7 billion in a deal to expand its U.S. onshore renewables business as the company bets there will be increasing demand for electricity from data …

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Gas, Power and LNG Trading Profits to Eclipse Oil, McKinsey Says

Conventional Energy, Electricity Grid, Energy Topics & Technology, Gasoline, Latest, LNG, Natural Gas, US News / By

By Archie Hunter Gas, power and LNG are set to eclipse oil as the biggest driver of commodity trading profits, according to research from McKinsey & Co Inc. “In the last two years they’ve been almost parallel and we definitely see stronger fundamental growth prospects on the power, gas and LNG side going forward,” said …

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OPEC+Rrisks Losing Control With More Output Delays

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

(Reuters) – OPEC and its allies face a tricky dilemma: should they start loosening oil production caps even though the crude supply and demand picture is unlikely to improve in the near future? They may well opt to again delay the crucial moment to keep prices steady, but they increasingly risk losing control of the …

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