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Canadian Oil Sands Company Restarts Operations as Wildfire Risk Lessens

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands / By

(Reuters) – Canadian Natural Resources has restarted its Jackfish 1 oil sands site in northern Alberta after determining wildfires in the region are a safe distance away. The company said its operations will ramp up over the next several days, targeting full production of approximately 36,500 bpd by June 6. Canadian Natural evacuated non-essential workers …

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Saudi Arabia Cuts July Oil Prices to Asia to 4-year Low After OPEC+ Supply Boost

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

(Reuters) – Saudi Arabia, the world’s biggest oil exporter, cut its prices for Asian crude buyers close to the lowest level in four years on Wednesday, in what the market sees as the country’s attempt to regain market share. Saudi Arabia has pushed OPEC+ this year to raise its output targets ahead of schedule. OPEC+ …

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US Crude Stockpiles Fall, Fuel Builds as Refiners Hike Output, EIA says

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

(Reuters) – U.S. crude oil stockpiles fell last week as oil refiners ramped up production with the start of the summer driving season, while fuel inventories rose amid weaker demand, data from the Energy Information Administration showed on Wednesday. Crude inventories fell by 4.3 million barrels to 436.1 million barrels in the week ended May …

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Five Charts on Key US Electricity and Power Generation Trends

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

By Gavin Maguire LITTLETON, Colorado, June 4 (Reuters) – U.S. power producers have lifted output from both fossil fuels and clean energy sources to new highs so far in 2025, on the back of steadily rising energy demand from data centers, businesses and households. Average retail electricity prices have risen in tow, and are hovering …

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Data Centers Added $9.4 Billion in Costs on Biggest US Grid

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

By Naureen S Malik and Mark Chediak The rapid development of data centers connected to the largest US electric grid raised costs by $9.4 billion, an expense that consumers from Illinois to Washington, D.C., will see reflected in their utility bills starting this month. Overall costs rose by 180%, with the growing energy needs of …

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California’s Rooftop Solar Dreams Are Dimming From Rising Bills

Latest, Renewable Energy, Solar, US News / By

The state again looks to cut incentives for home users in a push to curb soaring electricity rates. By Mark Chediak A solar system atop a San Francisco housing development. Panel buyers would lose some incentives under a new proposal. Photographer: David Paul Morris/Bloomberg California prides itself as a champion of solar power. It helped …

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