Dominion Energy Forecasts Annual Profit Below Estimates, Raises Spending Plan

Electricity Grid, Energy Topics & Technology, Forecasts, Latest, US News / By

Feb 23 (Reuters) – Dominion Energy (D.N) forecast annual profit below Wall Street expectations on Monday, but raised its five-year capital spending plan by nearly 30% as the utility ramps up its efforts to meet soaring electricity demand. U.S. utilities have been adding billions of dollars to their capital expenditure budgets amid extreme weather conditions …

Dominion Energy Forecasts Annual Profit Below Estimates, Raises Spending Plan Read More »

Watch Out for Oil’s Disappearing Disinflationary Drag: McGeever

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil prices have been a consistent disinflationary force for the U.S. and global economies since mid-2024. That may be about to change. Fueled by signs of a solid upturn in economic activity at the start of the year and bubbling U.S.-Iran tensions that could spark military conflict, Brent and West Texas Intermediate crude …

Watch Out for Oil’s Disappearing Disinflationary Drag: McGeever Read More »

US Natgas Prices at Waha Hub in Texas in Negative Territory for Record 12th Day

Conventional Energy, EnergyNow News and Press Releases, Latest, Natural Gas / By

Reuters U.S. spot natural gas prices for Monday at the Waha Hub in the Permian Shale in West Texas closed in negative territory for a record 12th time in a row as pipeline constraints trap gas in the nation’s biggest oil-producing basin, forcing some energy firms to pay others to take gas associated with their …

US Natgas Prices at Waha Hub in Texas in Negative Territory for Record 12th Day Read More »

US Natgas Prices Climb as Winter Storm Batters US Northeast, LNG Export Flows Near Record

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas futures rose about 1% to a one-week high on Monday on near-record LNG export flows and forecasts for more demand than previously expected over the next two weeks as another winter storm buries the U.S. Northeast in snow. Gas futures for March delivery on the New York Mercantile Exchange rose 4.3 cents, …

US Natgas Prices Climb as Winter Storm Batters US Northeast, LNG Export Flows Near Record Read More »

US LNG Export Surge and Soft China Demand Meet Record European Imports: Russell

Conventional Energy, Latest, LNG, US News / By

Spot prices for liquefied natural gas (LNG) in Asia have drifted lower despite solid demand in the top-consuming region and record imports by Europe. Throw in tensions in the Middle East and the threat to shipments from Qatar, the second-biggest exporter behind the United States, and the relaxed spot price seems incongruous. Part of the …

US LNG Export Surge and Soft China Demand Meet Record European Imports: Russell Read More »

Goldman Raises Q4 Oil Price Outlook on Lower OECD Stocks

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Goldman Sachs raised its Brent and West Texas Intermediate crude forecasts for the fourth quarter of 2026 by $6 to $60 and $56 respectively, citing lower OECD stocks, even as it continued to assume no Iran-related supply disruption and maintained its view of a surplus this year. For the year, it now expects …

Goldman Raises Q4 Oil Price Outlook on Lower OECD Stocks Read More »

US to Make Tariff Decision on Solar Panels from India, Indonesia and Laos

Latest, Renewable Energy, Solar, US News / By

(Reuters) – The U.S. Commerce Department on Monday will reveal a preliminary decision on whether to impose anti-subsidy duties on solar cells and panels imported from India, Laos and Indonesia. The announcement is the first of two expected by the agency in the coming weeks in a trade case brought by a group representing a portion of …

US to Make Tariff Decision on Solar Panels from India, Indonesia and Laos Read More »

TXNM Energy Gets FERC Approval for $11.5 Billion Blackstone Deal

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

  (Reuters) – TXNM Energy on Friday said the U.S. Federal Energy Regulatory Commission (FERC) had authorized the company’s acquisition by Blackstone Infrastructure. Last year, Blackstone agreed to acquire the utility company in an $11.5 billion deal, including debt. FERC concluded that there is “no evidence that either state or federal regulation will be impaired by the proposed …

TXNM Energy Gets FERC Approval for $11.5 Billion Blackstone Deal Read More »

US Judge Upholds $243 Million Verdict Against Tesla Over Fatal Autopilot Crash

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Summary Judge says evidence at trial supported verdict Autopilot-equipped Model S crashed into victims Tesla not available for comment, expected to appeal Feb 20 (Reuters) – A federal judge rejected Tesla’s  request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and severely injured …

US Judge Upholds $243 Million Verdict Against Tesla Over Fatal Autopilot Crash Read More »

Oil Rises Late, Settles Higher and With Weekly Gain on Iran-US Jitters

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Oil prices hold near six-month high Strait of Hormuz supply risk fears US Supreme Court decision on tariffs has little effect on crude Traders and investors bet on rising prices: Saxo Bank (Reuters) – Brent crude prices rose in late-day short-covering on Friday as investors worried about U.S. military action, as President Donald Trump …

Oil Rises Late, Settles Higher and With Weekly Gain on Iran-US Jitters Read More »

Subscribe
Subscribe