Energy
Image
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."
Image
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.
Image
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.
Image
As New York pursues climate objectives, conservationists raise alarm about solar project’s impact
As New York pursues aggressive renewable energy targets, conservationists concerned about the impacts of a solar project on protected bird habitat say the state regulatory authorities are dismissing their objections entirely.
Image
$5.6B Texas-to-Arizona gas pipeline upsized to meet demand
A 48-inch diameter pipe will be used in the construction of the Transwestern Desert Southwest pipeline instead of the 42-inch pipe previously announced in August, Energy Transfer said in a statement.
Image
As Trump blockades Venezuelan oil, research shows that exports have far-reaching economic impacts
Time for enforcement? Between 2017 and 2023, enough sanctioned oil was exported from Iran, Syria, Russia and Venezuela to satisfy U.S. oil consumption for over eight months. The Coast Guard seems to be taking it seriously.
Image
Energy Transfer suspends Lake Charles LNG project
The company said the continued development of its Lake Charles terminal “is not warranted” at this time.
Image
Trump administration pauses offshore wind, citing the national security due to radar disruption
Multiple federal agencies over the past few years have found offshore wind disrupts radar. Monday's pause impacts Vineyard Wind and Empire Wind.
Image
Japan set to next month restart world's largest nuke plant, Fukushima
The country took a final step last week when regional officials approved the restarting of Fukushima nearly 15 years after the Fukushima disaster
Image
New York cuts ‘100-foot rule’ for free gas hook ups
Gov. Kathy Hochul signed legislation that undoes a decades-old provision that requires utility companies to connect new buildings to gas supplies for free, so long as they are located within 100 feet of the main feed.
Image
Trump touts low Christmas season gasoline prices, and analysts say they should hold into 2026
December gasoline prices have not been this low since 2020. Analysts say many factors are contributing to the low prices, including a better regulatory environment for oil and gas, industry operation efficiencies, and high supply with expectations of low demand on the global market.
Image
Emails show lead lawyer in major climate lawsuit consulted on research he funded
The lead attorney representing the plaintiffs in a lawsuit claiming oil companies caused $51 billion in damages from climate change was accused in a motion by Chevron of colluding with the researchers of studies submitted in support of his client's case. Emails obtained through a public records request show researchers have consulted that attorney on previous research he funded.
Image
Study shows coal’s importance to electric affordability
Affordable electricity has become top of mind for consumers, policymakers, voters and elected officials as electricity prices for the residential, commercial, industrial and transportation sectors averaged 6.7% higher in September compared to September 2024.