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US Crude Stocks Rise as Refiners Cut Production Amid Winter Storms, EIA Data Shows

Conventional Energy, Energy Storage, Latest, US News / By

U.S. crude stocks rose last week as refinery utilization slipped, the Energy Information Administration (EIA) said on Wednesday, as winter storms sweeping the country hit fuelmakers’ operations and boosted distillates demand. Crude inventories rose by 3.5 million barrels to 415.1 million barrels in the week ended Jan. 24, the EIA said, compared with analysts’ expectations …

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UK Competition Regulator Launches Inquiry Into $8 Bln SLB-ChampionX Deal

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

(Reuters) – Britain’s competition regulator said on Wednesday it has launched an inquiry into oilfield services company SLB’s  proposed $8 billion deal to buy smaller rival ChampionX. The Competition and Markets Authority (CMA) said it is looking at whether the deal, which was announced last April, would raise competition concerns in any UK markets. It …

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Wall Street Braces for Oil Refiners’ Lower Q4 Earnings, Tariff Plans

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

Summary Valero to kick off Q4 US refiner earnings on Thursday Soft fuel demand continues to weigh on Q4 refining margins US gasoline futures crack spread hit one-year low in December Investors to focus on refiners’ plans to limit impact of Trump’s tariffs (Reuters) – Wall Street is bracing for a sharp decline in U.S. …

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Oil Prices Slip as US Inventories Rise; Tariff Concerns in Focus

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary • API data shows rise in weekly US crude and gasoline inventories • Trump plans to impose Feb 1 tariffs on Canada and Mexico • Libya reports normal oil loadings after protests • Saudi and other OPEC+ ministers meet next week (Reuters) – Oil prices edged lower Wednesday on a rise in U.S. crude …

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DeepSeek Reveals How Badly Energy Industry Needs AI for Growth

Artificial Inteligence, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas / By

From pipelines to reactors, companies bank on data center boom DeepSeek’s more efficient model threatens growth forecasts Pipeline networks and nuclear startups. Texas landowners and fuel-cell makers. In one brutal blow, DeepSeek has revealed just how many energy-related businesses in the US have been banking on an artificial intelligence boom — and the surge in …

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Why is Trump Threatening to Take Over the Panama Canal?

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Newly inaugurated U.S. President Donald Trump is pushing to “take back” the Panama Canal, the world’s second busiest interoceanic waterway, spurring concerns that the United States could invade the Central American nation.Trump argues that Panama has broken a pledge of neutrality made when the United States transferred the canal to Panama in 1999, falsely claiming …

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