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US Crude Inventories Rise as Refinery Runs Ease and Imports Climb, EIA Says

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

(Reuters) – U.S. crude stocks rose as refineries eased processing slightly and imports edged higher, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 2.5 million barrels to 407 million barrels in the week ended July 31, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.5 …

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Pipeline Owners Race to Build Capacity as AI Power Demand Jumps

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

By Emma Sanchez US pipeline operators are racing to expand their capacity to help power new data centers. Energy Transfer LP is developing pipeline projects to meet rising demand for gas-fired electricity, Co-Chief Executive Officer Thomas Long said during a call with analysts on Tuesday. The company expects to announce more details in coming months. …

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Fuel Shipping Waiver Extension ‘Quite Likely,’ Energy Chief Says

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By Ari Natter Trump administration officials are moving toward granting another temporary extension of a waiver of a century-old shipping law that made it easier to move oil, fuel and fertilizer around the US, the nation’s energy chief said Tuesday. “I think another temporary extension of the Jones Act waivers are quite likely to happen,” …

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Trump Says US Held ‘All-Day Negotiation’ With Iran on Tuesday

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    U.S. President Donald Trump said there was an “all-day negotiation” on Tuesday with Iran, characterizing the talks positively while also threatening to hit Iran “really hard” if a deal with Tehran was not reached. DETAILS AND QUOTES: * “They had an all-day negotiation,” Trump told Fox News’ “@ Night” show. * “We are …

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REALITY: Trump Says America Does Not Need Canadian Energy. The Facts, and His Own Policies, Say Otherwise

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil, Tri-Pinned, US News / By

by EnergyNow Guest Columnist President Donald Trump has repeatedly claimed that the United States does not need Canadian energy. Ahead of his May 6, 2025, meeting with Prime Minister Mark Carney, Trump wrote that the United States did not need Canada’s energy, automobiles or lumber and questioned why America should continue buying those products. It …

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US Shale Producer EOG Resources Beats Quarterly Profit Estimates on Higher Crude Prices

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Shale, US News / By

(Reuters) – U.S. shale producer EOG Resources beat analysts’ estimate for second-quarter profit on Tuesday, helped by a surge in crude prices. Concerns that the war in Iran, which erupted in late February, could disrupt Middle East oil supplies through the Strait of Hormuz sent crude prices sharply higher. Brent averaged $126.41 a barrel in …

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Devon Energy Posts Highest Quarterly Profit Since 2022 on Higher Prices, Output

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(Reuters) – Devon Energy on Tuesday reported its highest quarterly profit since 2022 that also topped Wall Street expectations, benefiting from its merger with Coterra Energy and a surge in global oil prices. The conflict in the Middle East, now in its sixth month, has disrupted energy supplies, with benchmark Brent crude prices averaging 19.2% …

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White House Set to Extend Jones Act Waiver as Trump Hunts for Cheaper Gasoline

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

(Reuters) – The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump escalates his attacks on Exxon Mobil and Chevron for making “too much money.” …

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