Today: July 02, 2024
Today: July 02, 2024

Latest From Scott DiSavino

Economy|Environment|News|Technology

Texas power demand to break June, July records in heat wave, grid operator says

The Texas power-grid operator forecast electricity use will break the peak demand record for June on Thursday before rising even higher and topping the July record next

Texas power demand to break June, July records in heat wave, grid operator says
Business

Oil edges up 1% on big US crude withdrawal, China stimulus

Oil prices edged up about 1% on Wednesday on a bigger-than-expected U.S. crude storage withdrawal, a slump in U.S. crude output, Chinese economic stimulus,

Oil edges up 1% on big US crude withdrawal, China stimulus
Business

US energy firms prepare as extreme freeze could hit natgas supplies

U.S. power and natural gas companies were preparing on Friday for extreme cold over this Martin Luther King Day holiday weekend that is expected to cause record gas

US energy firms prepare as extreme freeze could hit natgas supplies
Business

Oil up 1% as Middle East tensions offset US inflation worries

Oil prices gained about 1% on Thursday after Iran seized an oil tanker off the coast of Oman, raising the prospect of escalating conflict in the Middle East.

Oil up 1% as Middle East tensions offset US inflation worries
Business

US offshore wind poised for success next year after turbulent 2023

The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and

US offshore wind poised for success next year after turbulent 2023
Business

Ship shortage dealt death blow to Orsted's NJ offshore wind hopes

Danish energy firm Orsted's shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to

Ship shortage dealt death blow to Orsted's NJ offshore wind hopes
Business

US offshore wind writedowns seen soaring with Orsted earnings

European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840

US offshore wind writedowns seen soaring with Orsted earnings
Economy|News

Oil prices up 3% to one-week high on hopes of higher summer fuel demand

Oil prices climbed about 3% to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger U.S. dollar and expectations the

Oil prices up 3% to one-week high on hopes of higher summer fuel demand
Business|Economy|Environment|Local

US power and natgas prices turn negative in Texas, California and Arizona

U.S. spot power and natural gas prices turned negative in Texas, California and Arizona for Tuesday as pipeline maintenance trapped gas in the Permian Shale in West Texas

US power and natgas prices turn negative in Texas, California and Arizona
Economy

Oil eases ahead of Christmas break on possible future Angola output increase

Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could increase output after leaving OPEC, but rose for the week on

Oil eases ahead of Christmas break on possible future Angola output increase
Economy

Oil falls to near 5-month low on OPEC+ cut doubts, demand concerns

Oil prices fell to a near five-month low on Tuesday on a stronger U.S. dollar and demand concerns, putting the market down for a fourth day in a row on doubts

Oil falls to near 5-month low on OPEC+ cut doubts, demand concerns
Economy

Oil steady; signs Middle East tensions easing offset higher demand forecasts

Oil prices were little changed on Tuesday, paring early gains on signs tensions in the Middle East could be easing and uncertainty about U.S. oil inventories.

Oil steady; signs Middle East tensions easing offset higher demand forecasts
Economy

Oil falls to settle at 3-week low as Fed policy stance lifts dollar

Oil prices eased about 1% to a three-week low on a rising U.S. dollar and after the U.S.

Oil falls to settle at 3-week low as Fed policy stance lifts dollar
Economy|News

Oil prices ease on US gasoline demand worries, economic data

Oil prices eased about 1% on Wednesday on worries over weak U.S. gasoline demand and economic data that could cause the U.S.

Oil prices ease on US gasoline demand worries, economic data
News

Texas power demand breaks May record again as prices soar in heat wave

Power demand in Texas broke the record for the month of May for a second time this week on Friday as prices soared ahead of the U.S.

Texas power demand breaks May record again as prices soar in heat wave
Economy|Environment|News

Texas power demand to break May record in heat wave on Friday

Power use in Texas was on track to break the record for the month of May on Friday for a second time this week and could top that again over the Memorial Day weekend as

Texas power demand to break May record in heat wave on Friday
Environment|News

Texas heat wave sends power demand to all-time high for May

Power use in Texas broke the record for the month of May on Monday and will likely top that high over the next week as homes and businesses keep their air conditioners

Texas heat wave sends power demand to all-time high for May
Economy|News

Oil eases on worries about US inflation, interest rates

Oil prices eased less than 1% on Monday as U.S.

Oil eases on worries about US inflation, interest rates
Environment|News

Texas power demand to hit record high for month of May next week

Power use in Texas will likely break records for the month of May next week as homes and businesses crank up their air conditioners to escape a spring heat wave, the

Texas power demand to hit record high for month of May next week
Economy|News

Oil rebounds, gains 1% after US crude draw, lukewarm inflation data

Oil prices rose nearly 1% on Wednesday from a two-month low in the prior session as the market balanced bullish U.S. economic and crude storage data against the

Oil rebounds, gains 1% after US crude draw, lukewarm inflation data
Economy|News

Oil edges up to one-week high on rising demand hopes after China, US data

Oil prices edged up to a one-week high on Thursday on data from China and the U.S. signaling demand in the world's two biggest crude-consuming nations could climb

Oil edges up to one-week high on rising demand hopes after China, US data
News

Frigid temps cut US natural gas supply as demand soars, Texas faces possible shortfall

U.S. natural gas output fell to a preliminary 11-month low on Sunday as frigid weather froze wells across the country, while gas demand for heating and power generation

Frigid temps cut US natural gas supply as demand soars, Texas faces possible shortfall
News

US power prices soar ahead of extreme cold and record natgas demand

Frigid weather moving into the central U.S. will boost natural gas demand to record highs early next week, according to analysts forecasts, putting power and gas prices

US power prices soar ahead of extreme cold and record natgas demand

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