Energy
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Exxon, global agencies warn of oil price spike within weeks
Neil Chapman, senior vice president at ExxonMobil, told investors at the Bernstein 42nd Annual Strategic Decisions Conference in New York that global inventories could reach critical lows within "two to three weeks."
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Power grid demand summer outlook cautiously optimistic
PJM’s Summer Outlook 2026 projects adequate reserves to maintain reliability under expected conditions, even with hotter-than-normal weather in the forecast and peak demand projected at near-historic levels.
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SCOTUS flooded with briefs critical of Colorado climate suit, signaling high stakes battle ahead
Last week, 78 members of Congress, 27 state attorneys general, some Colorado counties, Native American tribes, industry groups and legal and policy organizations filed briefs in support of the oil and gas companies targeted in the Boulder, Colorado, climate lawsuit. The interest in the case illustrates that the stakes are high, as a ruling has implications economic, legal and political across the country.
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Power load growth forecast drops slightly
The 2026 Long-Term Forecast is lower than 2025 in the near term through 2032, due to updated forecasting processes, including electric vehicle and economic forecasts, and improved vetting of requested adjustments for data centers and other large power generators.
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With U.S. leading oil and gas production, environmental outcomes better for world energy: study
Of the world's top three producers, the U.S. has an Environmental Performance Index more than 9 points higher than the global average, and way ahead of of the next largest producers -- Saudi Arabia and Russia -- who are below the global average, an analysis by the Institute for Energy Research shows.
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Winter weather to disrupt U.S. gas production, increase prices
“This deep freeze is hurting production, especially for natural gas,” Price Futures Group analyst Phil Flynn wrote in his daily market commentary.
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Natural gas prices soar as major storm with ice, sub-freezing temps crosses US, impacting 230M
The increases will impact approximately 61 million homes that use natural gas for heat and cooking.
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Court blames climate celebrity Michael Mann for ‘bad faith litigation tactics’ in defamation suit
Dr. Michael Mann was once riding high on a $1 million defamation ruling against bloggers who criticized his "hockey stick" graph, purporting to show a drastic rise in temperatures in the last century. Now he's been ordered to pay them tens of thousands of dollars for having acted in "bad faith" during the trial.
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Biden-Harris administration predicted LNG exports would drive up prices, but data shows otherwise
Former President Joe Biden paused liquified natural gas exports while the Energy Department completed a study to see if increased exports were in the public interest. The study, released over a year ago, predicted exports would drive up domestic prices. The exact opposite has happened.
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California lawmakers push back against offshore oil drilling
But supporters say technology has made drilling safer. They also note offshore drilling could boost America's energy independence and lower gas prices in California, which typically has the highest in the U.S.
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New Jersey, Pennsylvania retool power load forecasting oversight
Accurate forecasts matter as AI-powered data centers drive rapid demand growth. Underestimating demand can strain reliability, while overestimating it can lead to unnecessary spending that ultimately shows up in customers’ bills.
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Texas Railroad Commission could serve as a regulatory model for Venezuela, analyst says
Today, Texas produces 5.7 million barrels of oil per day, the largest producing state ahead of North Dakota. This growth happened under the oversight of the Texas Railroad Commission. Venezuela's oil deposits may hold as much as 1 trillion barrels of oil.
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North America's first lithium refinery built and completed in Texas
The facility is part of Texas Gov. Greg Abbott’s goal for Texas to lead in reducing reliance on China for critical minerals and technology.