A new Energy Department report predicts a near doubling in the official forecast for next year's electricity consumption. The rise is largely driven by the rapid expansion of data centers. The report projects a 2.15% increase in total US power usage in 2026, with a 5% spike in commercial usage attributed to data center growth.
US oil production is projected to decline by 0.4% to 13.37 million barrels per day next year, marking...
US oil production is projected to decline by 0.4% to 13.37 million barrels per day next year, marking the first drop since 2021, according to a projection from Wood Mackenzie. However, the drop will be substantially offset by projects in the Gulf of America coming online in 2026. The additions will take that region's production to over 2 million bpd.
Dow ends flat, S&P and Nasdaq fall as details emerge on U.S.-China trade deal
The Dow Jones Industrial Average finished flat on Wednesday,...
The Dow Jones Industrial Average finished flat on Wednesday, while the S&P 500 and Nasdaq closed lower for the first time in four sessions, as traders assessed a Wall Street Journal report that indicated China has the upper hand in trade talks with the U.S.
Stocks closed lower despite a surprisingly muted consumer-price index for May and a solid $39 billion 10-year Treasury auction.
The Dow Jones Industrial Average finished little changed at around 42,866 after swinging between gains and losses earlier in the day, based on preliminary data.
The S&P 500 dropped almost 0.3% to end at roughly 6,022.
The Nasdaq Composite declined 0.5% to close at almost 19,616.
U.S. Policy to Hobble Midstream Cos.' Feedstock Shipments to China
The U.S. Energy Information Administration (EIA) reported June 10 that...
The U.S. Energy Information Administration (EIA) reported June 10 that a new U.S. policy will cut ethane trade by a quarter in 2025 and by a half in 2026.
The policy directly affects midstream companies Energy Transfer (ET) and Enterprise Products Partners (EPD).
In May, the U.S. Bureau of Industry and Security (BIS), part of the Commerce Department, notified companies that ethane and butane played a large role in creating end-use items for China’s military and that exporting the NGLs posed an unacceptable security risk.
About half of U.S. ethane production goes to China, and Enterprise and Energy Transfer are the only two companies exporting to the nation. All of China’s ethane exports come from the U.S.
The government now requires permits to continue trading.
Per Pentagon officials, that’s how much the US government ...
Per Pentagon officials, that’s how much the US government is spending to send, house, and feed the 4,000 National Guard troops and 700 Marines that President Trump ordered to Los Angeles this week amid anti-ICE protests. California Gov. Gavin Newsom, who filed an emergency motion yesterday to block Trump’s deployment of troops to the state, has argued California doesn’t need military help to handle the protests and that its presence only increases tensions. Despite Newsom’s objections, Defense Secretary Pete Hegseth said yesterday that the deployments will last 60 days. Trump also warned that any protesters at a planned military parade in Washington, DC, on Saturday will be met with “very big force.”
