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IEA Predicts Slower Oil Demand Growth for the Rest of 2025, Met with Jump in Supply

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Summary IEA adjusts 2025 global demand growth forecast higher by 20,000 bpd IEA hiked 2025 global supply growth forecast by 380,000 bpd IEA sees lower oil prices hitting U.S. shale oil output growth IEA sees global demand growing slower for rest of this year (Reuters) – The International Energy Agency (IEA) said on Thursday that …

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Oil Slides 3% on Expectations for US-Iran Nuclear Deal

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Summary Trump says US close to securing Iran nuclear deal US crude stockpiles rose last week IEA slightly upgrades 2025 oil demand growth forecast (Reuters) – Oil prices fell by about $2 on Thursday on expectations for a U.S.-Iran nuclear deal that could result in sanctions easing, while a surprise build in U.S. crude oil …

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Middle Swath of North America at Risk of Power Shortfalls This Summer, Regulator Says

Coal, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Nuclear, Renewable Energy, Solar, US News, Wind / By

(Reuters) – The middle section of the U.S. and Canada could have a shortfall of electricity this summer if higher-than-normal forecasted temperatures drive up demand as a changing mix of power supplies increases reliability risks, the organization overseeing the area’s grid said on Wednesday. Electricity demand in the United States and Canada has grown by …

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Aramco Signs Up to $90 Billion in US Deals as Trump Gulf Tour Spurs Flurry of Tie-Ups

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(Reuters) – Saudi Aramco unveiled 34 preliminary deals with major U.S. companies on Wednesday, potentially worth up to $90 billion in one of its broadest pushes to deepen commercial ties with the United States. The agreements underscore Saudi Arabia’s efforts to strengthen its energy partnerships and attract foreign investment as it looks to balance oil …

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Kazakhstan’s Oil Output Fell 3% in April But Stayed Above OPEC+ Quota

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(Reuters) – Kazakhstan’s oil production fell 3% from March to 1.82 million barrels per day (bpd) in April, but was again above the country’s OPEC+ quota, according to an industry source familiar with the statistics, and Reuters calculations. Kazakhstan’s output has become the main point of contention inside OPEC+, with group leader Saudi Arabia demanding …

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OPINION: US Oil Output Has Peaked. But Don’t Expect a Rapid Decline.

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Nothing suggests that a repetition of 2020’s plunge is imminent. By Javier Blas Prospecting. Photographer: Jordan Vonderhaar/Bloomberg The chain-smoking protagonist of Landman, the American television drama series about the Texas oil industry, puts it better than anyone else: “You want oil to live above 60, but below 90,” says the fictional Tommy Norris. “Seventy-eight dollars …

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AI Boom Helps Score $12 Billion Deal for Little-Known LS Power

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, US News / By

By Naureen S Malik Paul Segal Photographer: LS Power LS Power bet on buying and building natural gas power plants at a time when some analysts considered them almost relics, doomed to be sidelined by solar and wind. Now, utilities see gas-fired plants as essential to meeting a surge of electricity demand from new data …

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Colombian Oil Sector Seeks Protection From a Wave of Sabotage

CDN and International News, Conventional Energy, Latest, Oil / By

By Andrea Jaramillo Pumpjacks in Colombia. Photographer: Nicolo Filippo Rosso/Bloomberg Colombia’s oil and gas association urged authorities to take “urgent action” after a surge in sabotage attacks on critical energy infrastructure. A group broke in and set fire to the Quifa field facilities in Meta province in central Colombia on Monday, the association known as …

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The Biggest Losers in the GOP Plan to Slash US Climate Spending

Carbon Capture, Conventional Energy, Energy Topics & Technology, Environment, Hydrogen, Latest, Nuclear, Renewable Energy, Solar, US News / By

The proposal would eliminate popular tax credits for electric vehicles and home solar. By Ari Natter and Mark Chediak Workers install solar panels on a home in San Francisco. Photographer: Michaela Vatcheva/Bloomberg House Republicans released their first stab at a bill to extend President Donald Trump’s tax cuts, which would help pay for them by …

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Boeing Enjoys Comeback Moment From Crisis With Record Qatar Deal

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By Leen Al-Rashdan and Julie Johnsson A Qatar Airways aircraft at Hamad International Airport in Doha. Photographer: Christopher Pike/Bloomberg A year after Boeing Co. went through a deep executive shakeup and prolonged existential crisis, the US planemaker just rode to its biggest-ever aircraft order, propelled by a powerful endorsement from President Donald Trump. Chief Executive …

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