EIA: New projects to boost Alaska oil output in 2026
Alaska is poised for its first oil production increase...
Alaska is poised for its first oil production increase in nine years, with output projected to climb by 16,000 barrels per day to reach 438,000 bpd in 2026, according to the Energy Information Administration. The rise, driven by ConocoPhillips' Nuna project and Santos and Repsol's Pikka development, would be the state's biggest since 2002.
Europe's energy shift: Cleaner but still reliant on gas
Three years after Russia's invasion of Ukraine, Europe...
Three years after Russia's invasion of Ukraine, Europe has reduced its reliance on Russian gas by shifting towards renewables and increasing liquefied natural gas imports from the US. However, much of the decrease in gas demand stemmed from high prices and mild winters rather than permanent policy changes, raising questions about the sustainability of the current energy mix.
President Donald Trump has promised significant deregulation for the...
President Donald Trump has promised significant deregulation for the oil and gas industry, with potential cost reductions of $6-8 per barrel. Interior Secretary Doug Burgum has emphasized these plans, reiterating Trump's commitment to streamline permitting and reduce regulatory burdens, aiming to boost US crude output to record levels.
Delta flight that flipped upside down was descending too fast. According...
Delta flight that flipped upside down was descending too fast. According to a preliminary report from the Transportation Safety Board (TSB) of Canada, the Feb. 17 Delta flight that crash-landed, flipped over, burst into flames, and sent 21 people to the hospital had a high rate of descent. Canada’s TSB said the plane was traveling at 155 mph about 2.6 seconds before touchdown, when its ground proximity warning system sounded. TSB Chair Yoan Marier clarified that there may have been other factors in addition to the descent speed. The crash-landing was one of several recent high-profile aviation incidents in North America, which have worried travelers and contributed to a drop-off in airlines’ sales forecasts.
Apple shook up its executive ranks, putting Vision Pro creator Mike Rockwell in charge of Siri, in an effort to upgrade its lagging AI business, Bloomberg reported.
TikTok is partnering with the National Center for Missing & Exploited Children to put Amber Alerts in users’ For You feeds—a feature that’s already integrated into Facebook and Instagram.
The EU delayed implementing its retaliatory tariffs on the US until mid-April to allow for more time to negotiate with the US.
Home sales unexpectedly ticked up 4.2% in February, beating estimates, as many buyers grew tired of waiting for mortgage rates to come down.
The Cheesecake Factory said it’s eliminating 13 menu items, including the Loaded Mashed Potato Omelette and SkinnyLicious Spicy Shrimp Pasta. They could have just taken them off and no one would have noticed.
Edible Arrangements’s parent company is finally capitalizing on the brand name by launching an e-commerce marketplace for the other kind of edibles (hemp products).
Oil prices climb as Middle East flare-ups lift risk of supply disruption
Crude futures were on track to notch back-to-back gains...
Crude futures were on track to notch back-to-back gains on Thursday, with prices finding support from growing tensions in the Middle East that raise the risk of supply disruptions in the oil-rich region.
A weekly fall in U.S. gasoline demand reported by the Energy Information Administration on Wednesday, meanwhile, fed concerns over the economy's outlook and energy demand, contributing to losses in oil prices for the month to date.
-- West Texas Intermediate crude for April delivery rose 94 cents, or 1.4%, to $68.10 a barrel on the New York Mercantile Exchange ahead of the contract's expiration at the end of the session. The May WTI contractwas up 99 cents, or 1.5%, at $67.90.
-- May Brent crude was up 64 cents, or 0.9%, at $71.42 a barrel on ICE Futures Europe.
-- April gasoline tacked on 0.5% to $2.1813 a gallon, while April heating oil added 0.7% to $2.2476 a gallon.
-- Natural gas for April delivery traded at $4.136 per million British thermal units, down 2.6%.
