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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Republican budget bill boosts oil and gas production, scraps environmental review
Roughly $12 billion in revenue would come from the bill’s expansion of onshore oil and gas leasing on federal lands
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Northeast states sue Trump over offshore wind power
The federal lawsuit, filed by New York Attorney General Letitia James and 16 other attorneys general Monday, claims that President Donald Trump doesn't have the authority to enforce a Jan. 20 executive order that indefinitely halted federal wind-energy approvals.
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Peoples Gas exec, consumer groups address rates, pipe replacement
Peoples Gas President Maria Bocanegra said Chicago’s natural gas system is one of the oldest in the country and more than 1,100 miles of pipe would need to be replaced. Bocanegra did not rule out a potential rate hike to deal with the costs.
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Canada PM Carney likely to continue Trudeau's climate policy, which could impact U.S. energy costs
Canada has more oil reserves than the U.S., and it can produce oil cheaper. As U.S. oil producers watch falling oil prices with growing concern, the election of Canadian Prime Minister Mark Carney could help keep the situation from getting worse. If he continues to support Trudeau's anti-fossil fuel approach, things could get complicated.
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Trump’s DOJ sues states trying to extract billions from ‘Big Oil’ with retroactive fines, lawsuits
Citing President Donald Trump’s executive order titled “Protecting American Energy from State Overreach,” Attorney General Pamela Bondi said in a statement that these laws and lawsuits “threaten American energy independence and our country’s economic and national security.” But they may make some lawyers very rich obstructing the President's policy goals.
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House repealing California's special EPA waiver the first mile of highway to undo Biden EV mandate
The House on Wednesday passed a repeal of the "California waiver," which is a key component of former President Joe Biden’s push to get American drivers to buy EVs. The Trump administration has a long road ahead to dismantle all the parts.
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Ohio’s future energy plan waiting on DeWine’s signature
What’s left is for Gov. Mike DeWine to sign House Bill 15, which supporters say establishes a 21st century energy plan for the state using natural gas supplies and changing the tax code for some public utility property.
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House revokes waiver Biden granted to California, which allowed many states to mandate EVs
The rule allowed the Golden State to implement its Advanced Clean Cars II (ACCII) regulations, which required 100% of new vehicles sold in the state to be zero-emission models by 2035. Another 11 states and the District of Columbia also adopted the rules.
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Republicans include $250 annual fee for electric vehicle drivers in budget plan
To offset the costs and reach the $10 billion savings goal — or $1 billion in savings per year — the legislation imposes a $250 annual fee on EV owners and a $100 fee on owners of hybrids.
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Energy prices down after 100 days of Trump, as promised, but could spell trouble for companies
His detractors say Trump favors the interests of corporations over that of citizens. While oil, gas and coal companies now operate under a friendlier regulatory environment, experts warn that economic headwinds may impact the energy producers' bottom line.