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Sales under a flagship oil supply agreement between Venezuela and the U.S. are expected to reach $2 billion by the end of this month, U.S. Secretary of Energy Chris Wright told reporters in Texas on Thursday. The U.S. took control of Venezuela’s oil exports shortly after U.S. forces captured President Nicolas Maduro in early January, …
By Jack Dura Leaders and attorneys for several Greenpeace entities listen to a reporter’s question after a jury’s verdict at the Morton County Courthouse in Mandan, N.D., Wednesday, March 19, 2025. (AP Photo/Jack Dura) BISMARCK, N.D. (AP) — A North Dakota judge has said he will order Greenpeace to pay damages expected to total $345 …
By Weilun Soon, Serene Cheong, and Nicholas Lua Iran’s main oil export terminal at Kharg Island in the Persian Gulf. Photographer: Fatemeh Bahrami/Getty Images/Anadolu Rising tensions between the US and Iran have already driven oil prices to a six-month high. Oil traders are watching for any escalation that could disrupt crude production in Iran or …
What’s at Stake for Oil If Iran-US Tensions Escalate Read More »
By Emma Sanchez A Tenaris frack set in the Vaca Muerta formation in Argentina, one of the world’s largest shale gas reservoirs. Source: Tenaris US fracking companies are increasingly sending their idle equipment overseas, finding new markets abroad as growth slows in the shale fields of Texas, New Mexico and elsewhere. Over the past two …
Slowing US Shale Growth Has Fracking Companies Finding New Markets Abroad Read More »
(Reuters) – The U.S. Energy Department has offered a $26.54 billion loan to subsidiaries of Southern Co to increase grid reliability, the largest ever such financing by its loan office, the department said on Wednesday. The loans will save power customers in Georgia and Alabama more than $7 billion, the department said, without detailing how. …
US Offers Largest Ever Energy Loan With $26.5 Billion to Southern Co Read More »
(Reuters) – U.S. crude oil imports from Venezuela rose to their highest since January 2025, the U.S. Energy Information Administration’s (EIA) said on Wednesday. Imports from Venezuela rose by 290,000 barrels per day (bpd) to 339,000 bpd in the week ended February 20, according to data from the EIA’s Petroleum Supply Report. Reporting by Nicole …
US Crude Oil Imports From Venezuela Rose to One-Year High Last Week, EIA Says Read More »
(Reuters) – HOUSTON, Feb 25 – U.S. crude and distillate inventories rose while gasoline stocks fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 16 million barrels to 435.8 million barrels in the week ended February 20, the EIA said, compared with analysts’ expectations in a Reuters poll for a …
US Crude, Distillate Inventories Rise, Gasoline Stocks Fall, EIA Read More »
(Reuters) – Democrats on the Senate Banking Committee on Tuesday blasted President Donald Trump for failing to ramp up sanctions to pressure Russia to end its four-year war in Ukraine, noting the European Union had designated nearly 900 targets in 2025 compared to just two for the U.S. In an analysis released on the fourth …
Senate Democrats Blast Trump for Failing to Use Sanctions to Pressure Russia Read More »
Ron Bousso (Reuters) – Big Tech’s race to dominate artificial intelligence may soon hit a nasty road bump as U.S. electricity grids struggle to keep pace with the big-spending hyperscalers. America’s technology giants, including Microsoft, Amazon, Alphabet and Meta, have in recent months announced plans to spend over $600 billion on AI in 2026 alone. The investment wave has already fuelled …
By Julian Hast US natural gas futures settled down in thin trading, closing to the lowest in about five months as forecasts shifted warmer, indicating lower demand for the heating and power-plant fuel. Traders were also pricing in an increasingly low probability of an unexpected cold snap draining supplies as the winter heating season draws …
US Natural Gas Falls to Five-Month Low as Forecasts Shift Warmer Read More »
