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By Stephanie Kelly NEW YORK, Feb 13 (Reuters) – U.S. senators reintroduced a bipartisan bill on Thursday that would allow nationwide sales of gasoline with a higher blend of ethanol year-round, a plan that has the support of a leading oil trade group. Senator Deb Fischer, a Republican from Nebraska, introduced the bill with senators …
US Senators Reintroduce Bill to Allow Year-Round, Nationwide E15 Sales Read More »
Enbridge Inc. reported a profit attributable to common shareholders of $493 million in its fourth quarter, down from $1.73 billion a year earlier. The pipeline company says the profit amounted to 23 cents per share for the quarter ended Dec. 31, down from 81 cents per share in the last three months of 2023. On …
Pipeline Company Enbridge Reports $493 Million Q4 Profit Read More »
Feb 13 (Reuters) – PG&E Corp (PCG.N), opens new tab on Thursday raised its adjusted core earnings forecast for 2025, as the power company benefits from lower operating expenses and higher electricity rates. Last month, the California Public Utilities Commission approved another request from the company to raise electricity prices after a series of similar …
PG&E Raises 2025 Core Earnings Forecast on Higher Electricity Rates Read More »
Major U.S. electric utility Exelon increased its four-year capital investment plan by 10% to $38 billion, with the bulk of the spending aimed at bolstering and building new transmission lines, executives said on an earnings call on Wednesday. Many U.S. power companies have revised up capex plans over the past year as the proliferation of …
Exelon Boosts Capex plan by $3.5 Billion, Mostly to Bolster Power Lines Read More »
When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge fund say executives can expect a strong view on their shortcomings, backed by meticulous research and financial firepower. Now, storied oil giant BP is in Elliott’s sights. The investment firm, which manages $70 billion, has …
Hedge Fund Elliott Commands Attention in C-suites as Relentless Activist Read More »
(Reuters) – OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2025, saying air and road travel would support consumption and potential trade tariffs were not expected to impact economic growth. The Organization of the Petroleum Exporting Countries, in a monthly report, said world oil demand will rise …
OPEC Sticks to 2025, 2026 Global Oil Demand Growth Forecasts Read More »
(Reuters) – U.S. crude oil inventories rose last week as refinery maintenance continued, while gasoline stockpiles posted a surprise draw, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 4.1 million barrels to 427.9 million barrels in the week ended February 7, the EIA said, compared with analysts’ expectations in a Reuters …
US Crude Stockpiles Build on Ongoing Refinery Maintenance, EIA Says Read More »
By Tom Balmforth U.S. treasury secretary is first Trump official in Kyiv Talks to broach deal on minerals, energy, state firms Ukraine wants to win Trump’s backing for war’s endgame Three-year-old war entering fraught diplomatic phase KYIV, Feb 12 (Reuters) – U.S. Treasury Secretary Scott Bessent visited Kyiv on Wednesday to discuss a critical minerals …
Top Trump Official in Kyiv to Discuss Deal on Minerals, Energy Read More »
(Reuters) – India’s natural gas consumption is set to jump 60% between 2023 and 2030, doubling the country’s need for liquefied natural gas imports, as domestic output is expected to grow much more slowly than demand, the International Energy Agency said on Tuesday. Rapid urbanisation and industrialisation are set to transform the energy market in …
India Gas Demand to Surge by 2030, Doubling LNG Imports, Says IEA Read More »
(Reuters) – U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information Administration (EIA) said on Tuesday in its Short-Term Energy Outlook report. U.S. President Donald Trump has vowed to maximize U.S. oil production even as energy executives have held steadfast on prioritizing capital discipline over …
