Energy

Above-Average Temperatures In Texas Put Strain On Power Grid

Texas Grid Prepares for Highest-Ever Power Demand Due to Summer Heat Wave

High temperatures in Texas are expected to drive high electricity demand this summer, with the state's grid operator forecasting record-breaking usage in June and July.


US Skilled Labor Shortage, Rising Construction Costs Threaten to Derail New LNG Projects

Some new liquefied natural gas (LNG) projects in the US Gulf Coast are experiencing delays due to a shortage of skilled labor.

Oil Prices Rise Above Expectations Following Economic Recovery and Drop in US Crude Stockpiles

Oil prices surged on Thursday, June 20, driven by a rally in equity markets and a decline in US crude stockpiles, reaching $75 per barrel for Brent crude and $72 per barrel for West Texas Intermediate.

Dutton's Nuclear Power Ambitions Criticized for Potential Taxpayer Burden

Peter Dutton's plan to introduce nuclear power across Australia met with strong resistance due to potential taxpayer burden, with critics citing similar international ventures costing billions.


Latest News

US Senate Approves Bill to Boost Nuclear Energy Development and Deployment
The US Senate has approved a bill to speed up the deployment of nuclear energy capacity. The US Senate approved on Tuesday a bill to speed up the deployment of nuclear energy capacity.
Naieel Technology: Developing Essential Nanomaterials to Fuel Fundamental Advancements in AI, Batteries, and Beyond
Without advancements in nanomaterial production, the potential for progress and benefits across various industries is limited, thereby resulting in reduced innovation in materials science, slower advancements in electronics and energy storage, and missed opportunities in medical and environmental applications. Fortunately, Naieel Technology is at the forefront of developing these essential and advanced nanomaterials.
Why are Oil Companies Thriving During Joe Biden's Term? Here's What Charges Oil & Gas Industry Profits
Why are oil companies raking hundreds of billions during Joe Biden's term? Is POTUS to blame? Here are the latest details.
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Oil prices surged as Goldman Sachs predicted a supply deficit due to summer demand, aiming for Brent crude to hit $86 per barrel despite OPEC+ production increase.
diesel
Diesel prices in Malaysia rose about 50% on June 10 due to the government's revised approach to fuel subsidies to cut spending and save billions of ringgit.
NZ Plans to Revoke Previous Government’s Oil Drilling Ban
The New Zealand government of PM Christopher Luxzon announced that it would revoke a ban on drilling for oil and gas passed by the previous government of Jacinda Ardern and Chris Hipkins before they were voted out of power.
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Saudi oil giant Aramco’s shares rose after a major $11.2 billion stock sale amid strong demand, aligning with Saudi Arabia's Vision 2030.
Above-Average Temperatures In Texas Put Strain On Power Grid
Vistra Corp., a Texas-based power producer, heads for a massive 14% weekly loss since 2021 as investors retreated from AI-driven electricity demand bets.
Alirio and Jose Luis Zambrano, two of the six Citgo executives who were trapped and imprisoned in Venezuela, have accused their former company of abandoning them in a lawsuit filed in Houston.
home solar panel
Home Energy Rebates in New York launches to help families save up to $14,000 on energy-efficiency upgrades.
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