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Trump Executive Order Seeks End to Wind and Solar Energy Subsidies

Latest, Renewable Energy, Solar, US News, Wind / By

Reuters) – U.S. President Donald Trump on Monday directed federal agencies to strengthen provisions in the One Big Beautiful Bill Act that repeal or modify tax credits for solar and wind energy projects. In an executive order, Trump said the renewable energy resources were unreliable, expensive, displaced more dependable energy sources, were dependent on foreign-controlled …

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Exxon Signals Lower Oil, Gas Prices Could Hit Second-Quarter Profit

Conventional Energy, Latest, Oil, US News / By

Reuters – Exxon Mobil  signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from the previous quarter’s level. The earnings snapshot from the largest U.S. oil producer is closely watched for clues on how the broader oil sector will fare when companies begin releasing quarterly results in …

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OPEC+ is Pumping More Oil, But is it Needed and at What Price?

CDN and International News, Conventional Energy, Latest, Oil / By

Clyde Russell (Reuters) – Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the extra crude, and will the group actually export the additional barrels they say they are going to produce? OPEC+ agreed at a weekend meeting to raise production by 548,000 barrels per …

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Lack of New US Power Capacity Could Double Blackouts by 2030, Says Energy Department

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest / By

(Reuters) – U.S. power outages could double in five years if suppliers fail to add capacity during peak demand, the Department of Energy said on Monday. “Blackouts could increase by 100% in 2030 if the U.S. continues to shutter reliable power sources,” DOE noted in a report on grid reliability and security. It cited green …

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US Proposes Rules That Could Boost Oil, Gas Output in US West

EnergyNow News and Press Releases, Latest, Natural Gas, Oil, Pinned Primary, US News / By

The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil and gas output from multiple leases using the same well pad, which could save the industry as much as $1.8 billion per year, it said. The proposed rule change, which would mostly affect onshore oil and gas …

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