The Associated Press Iran has closed the Strait of Hormuz after Israel’s continued attacks in Lebanon. DUBAI, United Arab Emirates — Iran dealt two quick blows to the interim agreement with the United States on Saturday, angered by Israel’s continued attacks in Lebanon, saying it had closed the Strait of Hormuz again and announcing that …
Takeaways by Bloomberg AI FERC approved orders to pressure grids to handle hyperscalers’ connection requests within 90 days, and is requiring data centers to pay for their own power and be flexible with electricity consumption. Utilities must now disclose the cost of adding major new consumers to the grid, and grids covering almost two thirds …
US Regulator Makes ‘Interventionist’ Pivot to Speed Data Centers Read More »
Iran’s Strait of Hormuz body said on Friday it would waive planned fees to use the strait during a 60-day negotiation period under the memorandum of understanding signed with the United States this week. Ships seeking passage through the strait while the interim agreement is in force must submit transit requests at least 48 …
Iran Says it Will Waive Fees for Hormuz During 60 Day Negotiation Period Read More »
U.S. energy firms this week added rigs for the eighth time in nine weeks, energy services firm Baker Hughes said in its closely followed report on Thursday. The total oil and gas rig count, an early indicator of future output, rose by one to 563 in the week to June 18, its highest since …
US Energy Firms Add Rigs for Eighth Time in Nine Weeks, says Baker Hughes Read More »
June 18 (Reuters) – The biggest ever U.S. clean energy infrastructure project, an $11 billion wind farm and transmission line in New Mexico, is fully operational after nearly two decades of permitting and construction, owner Pattern Energy Group said on Thursday. SunZia is a 3,650-megawatt wind farm and 550-mile (885-km) transmission line that will carry …
Biggest Ever US Clean Energy Project is Complete After Nearly Two Decades Read More »
A growing stream of stranded oil is making its way out of the Strait of Hormuz as the US-Iran interim peace deal sparks a flurry of activity. Ships carrying nearly 10 million barrels of oil have either emerged outside the strait or are sailing through, including the first Saudi-owned tankers since the start of the …
Stranded Oil Is Streaming Out of Hormuz as Deal Takes Effect Read More »
OPEC Sees No Peak Oil Demand as Energy Security Beats Climate OPEC forecasts “robust growth” in global oil demand, with demand projected to rise to 113.3 million barrels a day in 2030 and 124.1 million barrels a day by 2050. The largest increments of oil demand growth will come from Asia, the Middle East, …
OPEC Sees No Peak Oil Demand as Energy Security Beats Climate Read More »
A top US energy regulator voted to ease environmental requirements for pipelines and other natural gas projects, saying they’re not needed after a recent Supreme Court ruling. The five-member Federal Energy Regulatory Commission moved on Thursday to no longer require an analysis of cumulative impacts, part of the decades-old National Environmental Policy Act. That policy requires an examination …
MAKING PROJECTS EASIER: US Eases Environmental Reviews for Natural Gas Projects Read More »
Alaric Nightingale and Paul Burkhardt The US and Iran have committed to reopening the Strait of Hormuz, the world’s most important artery for shipping oil and natural gas, which has been largely blocked since the two countries went to war in February. However, returning traffic in the strait to prewar levels — if that day ever comes — …
Why Restoring Normal Traffic Through Hormuz Won’t Be Easy Read More »
Reuters Citi said on Thursday it expects oil prices to trend lower over the next six to 12 months, to $60 to $65 per barrel by the first quarter of 2027 as flows through the Strait of Hormuz normalize following the signing of a U.S.-Iran MoU to end their conflict. Oil tankers sailed through the …
Citi Sees Oil Prices Trending Lower to $60 to $65 Per Barrel by First Quarter of 2027 Read More »
