Malaysia Committed to 2025 Petrol Subsidy Cut But No Fixed Date

18 May 2025, 12:00pm
Malaysia is committed to reducing petrol subsidies in the second half of the year and is refining its plan as U.S. tariffs darken the economic outlook.
Read more... (source: www.rigzone.com)

Trump Targets Billions in Energy Grants for New Round of Audits

17 May 2025, 12:00pm
Energy Secretary Chris Wright is ordering the stepped-up scrutiny.
Read more... (source: www.rigzone.com)

Egypt in Talks to Buy LNG Through 2030 to Offset Weak Production

16 May 2025, 8:00pm
Egypt is looking to buy liquefied natural gas through the end of the decade.
Read more... (source: www.rigzone.com)

Oil Rises as Iran Talks Stall

16 May 2025, 7:49pm
Oil prices rose after Iran downplayed progress in nuclear talks with the US.
Read more... (source: www.rigzone.com)

Phillips 66 Sells Majority Stake in German, Austrian Retail Unit

16 May 2025, 3:17pm
Phillips 66 will retain a non-operated 35 percent stake and continue supplying the retail sites through a German refinery.
Read more... (source: www.rigzone.com)

Natural Gas Retreats Amid Repeated Substantial Injections, EBW Analyst Says

16 May 2025, 2:50pm
'In our view, the bullish impulses of the gas market may prove correct - but are just early', Eli Rubin, an energy analyst at EBW Analytics Group, said.
Read more... (source: www.rigzone.com)

Company Founded by Trump's Energy Chief Predicts a Shale Slowdown

16 May 2025, 1:30pm
Liberty Energy Inc., the oil services company founded by U.S. Energy Secretary Chris Wright, is gearing up for a slowdown in shale drilling in the second half of the year.
Read more... (source: www.rigzone.com)

DOE Cuts Off $89MM Harvard Grant amid Stand-Off with Trump

16 May 2025, 12:11pm
Harvard lost about $89 million more in federal funding, this time from the DOE, as the university defies demands from the Trump administration over its purported inaction on campus antisemitism.
Read more... (source: www.rigzone.com)

USA Crude Oil Inventories Rise by 3.5MM Barrels Week on Week

16 May 2025, 11:33am
Crude oil stocks, not including the SPR, stood at 441.8 million barrels on May 9, the EIA's latest weekly petroleum status report showed.
Read more... (source: www.rigzone.com)

Legislation for Great British Energy Passes Through Parliament

16 May 2025, 9:09am
'Great British Energy comes from a simple idea - British people should own and benefit from our own natural resources', UK Energy Secretary Ed Miliband said.
Read more... (source: www.rigzone.com)

First Nations to Acquire Stake in Enbridge's BC Pipeline

16 May 2025, 7:57am
Enbridge and a partnership of 36 BC First Nations inked a deal for the Indigenous groups to acquire a 12.5 percent ownership in a 3.6-Bcfd natural gas pipeline.
Read more... (source: www.rigzone.com)

Philippines Charts Ambitious Plan to Export Green Power

16 May 2025, 6:30am
'It's not only Taiwan that has approached us but other countries in anticipation of excess capacity in renewable energy'.
Read more... (source: www.rigzone.com)

Eni Starts Gas Production in Merakes East offshore Indonesia

16 May 2025, 6:09am
Eni expects the field to deliver net gas production of 100 MMscfd or about 18,000 boed.
Read more... (source: www.rigzone.com)

IEA Says Global Oil Demand Growth to Slow For Rest of 2025

15 May 2025, 9:00pm
Faltering consumption threatens a further blow to oil prices.
Read more... (source: www.rigzone.com)

Oil Slips as Trump Eyes Iran Deal

15 May 2025, 7:50pm
Demand concerns and rising OPEC+ output continue to pressure prices.
Read more... (source: www.rigzone.com)

Kimmeridge, Mubadala to Grow Gas Cooperation

15 May 2025, 3:10pm
Kimmeridge concurrently announced its expansion into the Middle East with the launch of an office in Abu Dhabi's financial center.
Read more... (source: www.rigzone.com)

Baltic Neighbors Renew Commitment to EU Energy Integration

15 May 2025, 2:49pm
The European Commission and the Baltic Energy Market Interconnection Plan group signed a new MOU to intensify efforts to create a more unified energy market.
Read more... (source: www.rigzone.com)

EIA Raises USA Diesel Price Forecasts

15 May 2025, 2:44pm
In its latest short term energy outlook, the EIA raised its U.S. on-highway diesel fuel price forecast for 2025 and 2026.
Read more... (source: www.rigzone.com)

EIA forecasts world oil consumption growth to slow amid less economic activity

15 May 2025, 2:00pm
We forecast consumption growth of crude oil and other liquid fuels will slow over the next two years, driven by a slowdown in economic growth, particularly in Asia, in our May Short-Term Energy Outlook (STEO).
Read more... (source: www.eia.gov)

Russia Oil Export Revenue at Lowest Since 2023 as Prices Slump

15 May 2025, 12:33pm
The price of the Brent benchmark is more than 14 percent down so far this year.
Read more... (source: www.rigzone.com)

Oil Prices Have Risen Strongly Over the Past Week

15 May 2025, 12:04pm
Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank said in a report sent to Rigzone late Tuesday.
Read more... (source: www.rigzone.com)

U.S. electricity prices continue steady increase

14 May 2025, 2:00pm
Retail electricity prices have increased faster than the rate of inflation since 2022, and we expect them to continue increasing through 2026, based on forecasts in our Short-Term Energy Outlook. Parts of the country with relatively high electricity prices may experience greater price increases than those with relatively low electricity prices.
Read more... (source: www.eia.gov)

After more than a decade of little change, U.S. electricity consumption is rising again

13 May 2025, 2:00pm
In our latest Short-Term Energy Outlook, we forecast U.S. annual electricity consumption will increase in 2025 and 2026, surpassing the all-time high reached in 2024. This growth contrasts with the trend of relatively flat electricity demand between the mid-2000s and early 2020s. Much of the recent and forecasted growth in electricity consumption is coming from the commercial sector, which includes data centers, and the industrial sector, which includes manufacturing establishments.
Read more... (source: www.eia.gov)

Residential electric bills in Hawaii and Connecticut are twice those in New Mexico, Utah

12 May 2025, 2:00pm
The average electric monthly bill for U.S. residential customers was $144 in 2024, but average costs for customers in some states were much higher or lower. Customers in states such as Hawaii and Connecticut, where retail electricity prices are relatively high, paid more than $200 per month for electricity, or more than twice as much as customers in states such as New Mexico and Utah.
Read more... (source: www.eia.gov)