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COMMENTARY: With Friends Like Brazil, OPEC+ Doesn’t Need Enemies – Javier Blas

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

It’s clear that a boom is following the bust, and the timing couldn’t be worse for the Saudi-led oil cartel. By Javier Blas Moving right along. Photographer: Mauro Pimentel/AFP/Getty Images The Brazilian coffee and oil industries have something in common. Espresso connoisseurs know the country’s coffee production follows a natural biennial cycle, alternating periods of …

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NY State Public Service Commission Approves 29 Power Projects, Valued at $636.2 Million

Electric Vehicles, Electricity Grid, Emission Reduction, Energy Topics & Technology, Latest, US News / By

June 12 (Reuters) – The New York State Public Service Commission approved 29 infrastructure projects worth $636.2 million, enabling 642 megawatts of electrification upgrades, the commission said on Thursday. These projects were proposed by Consolidated Edison (ED.N), Niagara Mohawk Power Corporation, New York State Electric & Gas Corporation (NYSEG), and Rochester Gas and Electric Corporation …

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JP Morgan Maintains 2025 Forecast for Oil Prices in Low-to-Mid $60s

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil / By

JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through 2025 and $60 in 2026, but said certain worst-case scenarios could send prices surging to double those levels. U.S. President Donald Trump said on Wednesday the United States was moving personnel out …

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Alberta Premier Says Province Working on Proposal for New Crude Oil Pipeline to Port of Prince Rupert

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

Alberta Premier Danielle Smith said on Wednesday the province is working to present Prime Minister Mark Carney with a proponent and route for a potential new crude pipeline from Alberta to the Port of Prince Rupert in British Columbia. Smith said the pipeline would be built in tandem with the Pathways Alliance carbon capture and …

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Oil-Rich University of Texas Wants to Cash In on AI, Crypto and Power

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News, Wind / By

The system—with an endowment second only to Harvard’s—is diversifying into wind and solar energy at a fraught time for renewables. By Janet Lorin A crypto data center in Pyote, Texas, on land leased from the University of Texas System. Photographer: Jordan Vonderhaar for Bloomberg Markets Scores of wind turbines, each as tall as a 50-story …

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US Crude Stocks Fall, Gasoline and Distillate Inventories Rise as Refining Activity Increases, EIA Says

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

(Reuters) – U.S. crude stocks fell last week as refining activity picked up, driving gasoline and distillate inventories higher, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 3.6 million barrels to 432.4 million barrels in the week ended June 6, the EIA said, compared with analysts’ expectations in a Reuters poll …

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Oil Demand Growth to Continue, No Peak in sight, OPEC Secretary-General Says

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

Oil demand growth will remain robust over the next two and a half decades as the world population grows, OPEC Secretary General Haitham Al Ghais said on Tuesday. The organization expects a 24% increase in the world’s energy needs between now and 2050, with oil demand surpassing 120 million barrels per day over that time …

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OPEC Secretary-General Takes Aim at Net-Zero Targets ‘Detached From Reality’

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

There’s no peak in global oil demand on the horizon and it will take trillions in investment in the coming decades to meet that need, the secretary-general of the Organization of Petroleum Exporting Countries said Tuesday. Primary energy demand is forecast to rise by 24 per cent between now and 2050, surpassing 120 million barrels …

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Trump Poised to Repeal Biden Curb on Power-Plant Pollution

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

By Ari Natter and Jennifer A Dlouhy The Trump administration will propose scrapping Biden-era climate mandates requiring the nation’s power plants to curb planet-warming greenhouse gas emissions as soon as Wednesday, according to people familiar with the matter. The Environmental Protection Agency is also set to advance a plan for unwinding limits on mercury and …

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Data Centers Prompt US to Boost Power-Usage Forecast by 92%

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

By Will Wade US data centers are rapidly driving up demand for power, with the official forecast for electricity consumption next year almost doubling in the past month. Total power usage in the US is expected to climb 2.15% in 2026, spurred largely by a 5% spike from commercial users because of the expansion of …

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