Auto Added by WPeMatico
(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 »
The US President is betting he can wait Iran out, prolonging uncertainty for oil markets. By Grant Smith In just over a week, Donald Trump has shifted from touting an imminent peace deal with Iran to adopting a “low key” attitude to negotiations. The US President signaled this weekend that he’s prepared to let economic …
Trump’s Low-Key Pivot Leaves Hormuz Oil in Limbo Read More »
U.S. natural gas futures climbed about 4% to a one-week high on Monday as daily flows to liquefied natural gas (LNG) export plants rose to a one-month high. Front-month gas futures for September delivery on the New York Mercantile Exchange (NYMEX) rose 9.5 cents, or 3.6%, to $2.757 per million British thermal units (mmBtu), …
US Natgas Prices Climb 4% as LNG Export Flows Hit One-Month High Read More »
Iran says Oman deal is in ‘final stages’ but US must act to open Hormuz Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but reiterated that the strait would only reopen once the United States met other conditions. A U.S. official …
Iran Says Oman Deal is in ‘Final Stages’ But US Must Act to Open Hormuz Read More »
Summary Brent heads for weekly loss of more than 8% Cargo vessels could face fees under Iran draft plan Drone attacks reduce July CPC oil loadings by a fifth, sources say (Reuters) – Brent crude oil climbed more than $1 a barrel on Friday over ongoing uncertainty about the negotiations in progress that determine control …
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) – The U.S. Senate easily passed sweeping Russia sanctions legislation on Friday, advancing a long-delayed measure backed by the late Senator Lindsey Graham and setting the stage for consideration by the House of Representatives as soon as next month. Graham, a South Carolina Republican, was among Kyiv’s most outspoken allies in Congress in its …
US Senate Passes Sweeping Russia Energy Sanctions, Next Stop US House Read More »
(Reuters) – U.S. energy firms left the overall rig count unchanged in the latest week, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, held at 588 in the week to August 7 from the previous week. Baker …
US Energy Firms Leave Rig Count Unchanged in Latest Week, Baker Hughes Says Read More »
