(Investing) – U.S. power consumption is projected to reach record levels in the next two years, according to the Energy Information Administration’s short-term energy outlook released Tuesday. The EIA forecasts power demand will climb to 4,199 billion kilowatt-hours in 2025 and further increase to 4,267 billion kWh in 2026, up from the 2024 record of 4,110 billion kWh. This surge in
(Oil Price) – For farmers in the United States, concerns about too much clean energy production are quickly transforming into concerns about too little energy to go around. For years, rural America has been pushing back against the spread of utility-scale solar and wind farms competing for agricultural land. Now, they have a new sector to worry about as massive data center developments
(World Oil) – Chevron Corp. is in discussions with the Trump administration about remaining in compliance with sanctions in Venezuela, emphasizing the benefits to the U.S. of the company’s continued presence, Chief Executive Officer Mike Wirth said. The CEO said he doesn’t know what President Donald Trump’s intentions are in the south Caribbean, where a US military build-up has prompted speculation
(Oil Price) – Solar and wind project approvals on federal lands have virtually stopped this year as the Trump Administration rolls back Biden-era clean energy laws and permitting regulations and shows openly hostile attitude toward green energy developments. Since President Donald Trump was sworn in in January, only one project, a solar development, has been approved on federal lands, according to
(BOE Report) – EDMONTON – Capital Power Corp. has announced agreements to pursue U.S. natural gas power acquisitions and to supply electricity to a data centre developer in Alberta. The Edmonton-based power generator says it has reached a memorandum of understanding with Apollo Funds to form a US$3-billion investment partnership to buy merchant natural gas assets across the United States. Separately,
(Investing) – The Trump administration will hold the government’s first sale of oil and gas drilling rights in the Gulf of Mexico since 2023 on Wednesday, a key test of industry appetite for offshore acreage at a time when the United States is seeking to unleash more domestic fossil fuel production. The auction is the first of 30 mandated by
Weekly Crude Oil Storage as of December 5, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.8 million barrels from the previous week. At 425.7 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
