(Oil Price)– The world’s biggest sovereign wealth fund, Norway’s $1.9 trillion oil fund, cut its equity stakes in the biggest international oil and gas companies in the first half of the year as oil prices fell. Government Pension Fund Global, which is commonly referred to as ‘Norway’s oil fund’ because it was created with oil and gas revenues, is a
(Investing) – U.S. power consumption will hit record highs in 2025 and 2026, the Energy Information Administration said in its short-term energy outlook (STEO) on Tuesday. The EIA projected power demand will rise to 4,186 billion kilowatt-hours (kWh) in 2025 and 4,284 billion kWh in 2026, up from a record 4,097 billion kWh in 2024. Those demand increases come in part
(BOE Report)– The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures widened on Monday. WCS for September delivery in Hardisty, Alberta, settled at $12.25 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.10 a barrel on Friday. * The differential between Canadian heavy crude and the U.S. benchmark has
