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Halting the progress made toward an energy transition is high on the next White House’s agenda. By Liam Denning The energy transition sustained an electoral trauma as 2024 drew to a close. The incoming administration of President-elect Donald Trump promises to undo at least some of the progress made on decarbonization under President Joe Biden. But …
2025 – Can Biden’s Green Boom Survive Trump’s Wrecking Ball? Read More »
Emissions of the gas dropped by 26% in 2023, S&P Global says Decline comes amid Biden rules that face a threat with Trump Methane emissions in the largest US oil basin plunged 26% last year as companies tightened operations and deployed new technology to stop leaks of the potent greenhouse gas, according to a study by S&P …
Methane Emissions in Permian Basin Fall as Drillers Plug Leaks Read More »
(Reuters) – Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by a slightly positive market outlook for the short term, despite thin trade ahead of the Christmas holiday. Brent crude futures were up 36 cents, or 0.5%, at $72.9 a barrel, and U.S. West Texas Intermediate crude futures rose 34 cents, also …
By Reuters (Reuters) – U.S. utilities are finally signing concrete supply deals with data-center operators as the artificial-intelligence wave sparks a surge in power demand, paving the way for higher profits in the coming quarters. Data centers are expected to account for 8% of the power generated in the U.S. by 2030, compared with 3% in …
Microsoft Deal Signals Booming Demand From Data centers to Power AI – The Deals of 2024 Read More »
Summary • Renewed hope on rate cuts after a benign inflation reading • Market surplus to drag down oil prices in 2025 (Reuters) – Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors’ concerns about a supply surplus next year. Brent crude futures were down by 17 cents, …
Oil Prices Stable on Monday as Data Offsets Surplus Concerns Read More »
Founders will continue to control company after the listing Arlington-based firm is one of the US’s biggest LNG suppliers Venture Global Inc., one of the biggest suppliers of liquefied natural gas in the US, filed for what could be one of the largest initial public offerings of 2025. The company won’t make public the proposed …
Natural Gas Exporter Venture Global Files for IPO Read More »
Ramping up purchases faces numerous practical constraints, not least the country’s limited supply. There’s no quick fix for incoming President Donald Trump’s demand that European nations buy more American oil and gas. He insisted that the European Union make “large-scale purchases” of US hydrocarbons to “make up their tremendous deficit with the United States” or face “TARIFFS …
Trump’s Demand for EU to Buy More US Oil and Gas Has No Easy Response Read More »
High expense of production forces developers to scrap plans BP and Orsted are among companies to have ditched proposals A raft of projects to produce green hydrogen, a fuel billed as critical to reaching net zero, have been abandoned this year as expectations for tumbling costs failed to materialize. Governments and major energy companies have …
Green Hydrogen Goes From Hyped to Humbled on Eye-Popping Costs Read More »
(Reuters) – It’s been a brutal year to be in the battery metals business. Prices of lithium, nickel and cobalt collapsed in 2023 and have continued grinding steadily lower over the course of 2024. A sector that was once racing to build new supply has been closing mines and deferring projects as low prices bite …
Electric Dreams Turn into a Nightmare for Battery Metals Read More »
Summary • Benchmark prices ease 2.5% for the week • Dollar on track for third consecutive week of gains • Fed policymakers prepare ground for rate-cut pause in 2025 • Sinopec says China’s crude imports may peak next year • Trump warns EU on tariffs if bloc doesn’t buy more US oil, gas (Reuters) – …
Oil Steady as Markets Weigh Fed Rate Cut Expectations, Chinese Demand Read More »
