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The U.S. Energy Information Administration has forecast higher wholesale power prices for 2025 across the country’s regional markets, except Texas and the Northwest. Wholesale power prices could average $40 per megawatt hour (MWh) this year, rising 7% over 2024, the EIA said in a report on Monday. It forecast the average price of electricity for …
EIA Sees Higher U.S. Wholesale Power Prices in 2025 Read More »
Diversified Energy Company Plc agreed to acquire Texas-based energy producer Maverick Natural Resources to expand its scale as US President Donald Trump makes higher oil production a key priority. Alabama-based Diversified signed a definitive agreement to acquire Maverick, which is in the portfolio of energy and infrastructure investor EIG, for about $1.28 billion, including the assumption of debt, with payment …
Diversified Energy to Buy Maverick to Expand US Oil Asset Base Read More »
Order essentially freezes agency with about $50 billion budget Trump has vowed to unravel Biden’s climate-friendly policies The Trump administration has halted spending, loans and other actions at the Energy Department as part of a “comprehensive review” to ensure they align with the president’s priorities, according to a memo from the agency’s acting secretary seen …
The new president issued a barrage of orders seeking to boost fossil fuels and reverse policies that address global warming. Bloomberg President Donald Trump wasted no time in laying the groundwork for a sweeping anti-climate agenda, signing a series of executive orders just hours after being sworn into office that seek to unravel former President …
Trump’s Week One Ends With a Heap of Climate Rollbacks Read More »
President Donald Trump’s oversight of an increasingly unreliable U.S. power grid requires swift action, he said this week, but there is no easy fix for one of the grid’s most complex and troubled areas: long-distance transmission lines. Trump’s National Energy Emergency declaration and executive orders detail a long list of interconnected problems dogging an electric …
Trump’s High-Wire Act to Transform US Power Grid Won’t Be Easy Read More »
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by …
U.S. Oil and Gas Rig Count Falls to Lowest Since Dec 2021, Baker Hughes Says Read More »
The unit of Blackstone dedicated to investments in the energy industry has agreed to acquire Potomac Energy Center, the asset manager told Reuters on Thursday, in a deal symbolizing the allure to investors of power plants sited near data centers. Blackstone Energy Transition Partners has agreed to buy the 774-megawatt natural gas-fired power plant in …
Blackstone to Buy $1 billion Virginia Power Plant Near Data Centers Read More »
U.S. crude oil stocks, excluding the Strategic Petroleum Reserve, fell by 1.02 million barrels to 411.66 million barrels in the week ended Jan. 17, the lowest since March 2022, according to U.S. Energy Information Administration data released on Thursday. That was the ninth consecutive weekly drawdown from U.S. crude oil inventories, the longest such streak …
US Crude Oil Stocks Hit Lowest Since March 2022 Last Week, EIA Data Shows Read More »
(Reuters) – The United States needs double the energy it has to power rapidly emerging artificial intelligence operations, U.S. President Donald Trump said on Thursday. Trump said he would give emergency declarations to allow companies working on AI to start building plants “almost immediately” given intensive competition with China. “The big problem is we need …
Trump Says US Needs Double the Energy it has to Power AI Read More »
(Reuters) – U.S. shale producer APA Corp said on Wednesday it curtailed about 23,500 barrels of oil equivalent per day of production in the fourth quarter due to weak commodity prices. U.S. natural gas prices collapsed to multi-year lows in 2024, with prices at the Waha hub in the Permian shale basin in West Texas …
Oil Producer APA Curtails Production in Fourth Quarter Read More »
