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Hot Weather and High Demand to Pressure US Power Grid This Summer, FERC Says

Projected searing temperatures across the U.S. and the proliferation of data centers are expected to send electricity consumption to a four-year high this summer, testing the grid and pushing up power prices, the Federal Energy Regulatory Commission said on Thursday. A shrinking pool of around-the-clock power plants, which are retiring to make way for cleaner …

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Global Oil Supply to Rise Faster Than Expected After OPEC+ Hike, IEA Says

By Robert Harvey and Enes Tunagur Hikes 2025 global supply growth forecast by 380,000 bpd Oil demand growth to slow to 650,000 bpd in rest of year Expects lower oil prices to hit US shale oil output growth Revises up 2025 total demand forecast LONDON, May 15 (Reuters) – World oil supply will rise more …

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OPINION: Washington Is Selling Energy Insurance Against Itself. Seriously. – Liam Denning

A House committee wants to compensate some energy companies if the government derails their projects. By Liam Denning Pick a side. Photographer: Brandon Bell/Getty Images North America The legislating of energy policy in Washington has become so volatile that some folks want to sell insurance against it. Those folks happen to be the politicians in …

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Enbridge to Sell BC Gas Pipeline Stake to Canada Indigenous Groups

By Brian Platt, Thomas Seal, and Robert Tuttle Enbridge Inc. plans to sell a stake in a natural gas pipeline system in British Columbia to Indigenous communities in a deal that will be financially backed by the Canadian government. The government will provide a C$400 million ($286 million) loan guarantee to support a partnership of …

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Strathcona Shifts to Pure Heavy Oil Producer With $2 Billion Montney Sale

By Robert Tuttle and Geoffrey Morgan Canadian oil tycoon Adam Waterous’s Strathcona Resources Ltd. agreed to sell its assets in the Montney shale formation in western Canada in a shift that makes it a pure heavy oil producer. Strathcona is disposing of gas-focused operations in three separate transactions worth C$2.8 billion ($2 billion). The largest …

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US Rooftop Solar Companies say Republican House Bill Would Be a Major Setback

By Nichola Groom Bill would scrap 30% tax credit for homeowners with solar panels Rooftop solar companies employ more than 100,000 workers Many top residential solar markets are in Republican states May 15 (Reuters) – Companies that put solar panels on U.S. homes say a Republican budget bill advanced in Congress this week would deal …

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