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US Energy Council Chief Says Power Plants to Produce 15% More Electricity

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(Reuters) – U.S. Interior Secretary and co-chair of a new White House energy council Doug Burgum on Friday called for every U.S. power plant to produce 10-15% more electricity to meet the growing energy needs to expand artificial intelligence across the United States. “Winning the AI arms race doesn’t just take software developers. It takes …

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Shale Revives Deal-Making Agenda After Trump Changes Course

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Drillers are ramping up consolidation as the new administration changes US policy toward fossil fuels. By David Wethe Welcome to our guide to the commodities powering the economy. Today, reporter David Wethe examines how the shale industry is responding to the Trump administration’s enthusiasm for fossil fuels. Appetite for deals in the US shale patch …

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Trump Will Allow for More Gas Pipe Expansion, Southern CEO Says

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Utility says looser rules to spur new plants, pipelines Firm beats 4Q profit estimates, sees data center demand growth By Mark Chediak President Donald Trump’s drive to loosen permitting requirements and speed up the development of energy resources will allow for Southern Co. to expand its natural gas pipeline network and build new gas plants, …

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US Crude Stockpiles Rise, Fuel Draws Down Amid Refinery Maintenances, EIA Says

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(Reuters) – U.S. crude oil stockpiles rose while gasoline and distillate inventories fell last week as seasonal maintenance at refineries led to lower processing, the Energy Information Administration said on Thursday. Crude inventories rose by 4.6 million barrels to 432.5 million barrels in the week ended February 14, the EIA said, compared with analysts’ expectations …

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Turkey Says ‘Nothing Yet’ on Iraq Oil Pipeline Restart

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ANKARA, Feb 19 (Reuters) – Turkey has yet to receive confirmation from Iraq on the resumption of oil flows through the Iraq-Turkey pipeline, Turkish Energy Minister Alparslan Bayraktar told Reuters on Wednesday. Iraq’s oil minister said on Monday that oil exports from the semi-autonomous Kurdistan region will resume next week, resolving a near two-year dispute …

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China’s Clean Energy Investments Nearing Scale of Global Fossil Investments, Researchers Find

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BEIJING, Feb 19 (Reuters) – China invested 6.8 trillion yuan ($940 billion) in clean energy in 2024, approaching the $1.12 trillion in global investment in fossil fuels, according to a new analysis for U.K.-based research organisation Carbon Brief. That was despite growth in China’s clean energy investments slowing to 7% from 40% in 2023 amid …

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Brazil to Join OPEC+, Group of Major Oil-Exporting Nations

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BRASILIA, Brazil (AP) — Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of hosting the United Nations’ annual climate summit. The National Council for Energy Policy’s approval came in response to an official invitation in 2023. The …

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OPEC+ Considers Delay to April Oil Supply Increases

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Oil producer group OPEC+ is considering pushing back a series of monthly supply increases due to begin in April despite calls from U.S. President Donald Trump to lower prices, Bloomberg News reported on Monday citing delegates.Global oil markets remain too fragile to revive production now, the report cited one delegate as saying, adding that another …

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US Energy Secretary Attacks ‘Sinister’ Net Zero Goals, Singling Out Britain

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U.S. Energy Secretary Chris Wright on Monday called a pledge to achieve net zero carbon emissions by 2050 a “sinister goal”, and criticized the British government’s attempts to hit clean energy targets. Former President Joe Biden set a target in 2021 for the United States to achieve net-zero emissions by 2050 to help fight climate …

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Diamondback Energy to Expand Permian Presence with $4.08 Billion Deal

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(Reuters) – Oil and gas company Diamondback Energy said on Tuesday it would buy certain units of EnCap-backed energy producer Double Eagle in a cash-and-stock deal for about $4.08 billion. The deal would give Diamondback access to about 40,000 net acres in the core of Midland Basin, one of the last large assets in the Permian …

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