Oil Edges Up Despite Concerns on U.S. Output
Oil prices ticked up slightly even as they remained under pressure amid fresh signs that U.S. crude production could cause global supply to outpace demand this year
Shale Output Hasn't Grown This Fast Since Oil Was at $100
Unyielding U.S. shale production is expected to overwhelm global oil demand and weigh on prices this year, the International Energy Agency warned.
Trump Administration Plans to Undo Methane-Emission Rule
The administration said that it is proposing to roll back an Obama-era climate regulation aimed at cutting emissions of methane from drilling operations on federal lands.
OPEC Revises Crude Supply Forecasts on Higher U.S. Production
Booming U.S. shale production forced the OPEC oil cartel to raise its crude supply forecasts for this year but it said strengthening global demand would continue to help eat up the excess supply.
Big Batteries Are Taking a Bite Out of the Power Market
Giant batteries charged by renewable energy are beginning to nibble away at a large market: The power plants that generate extra surges of electricity during peak hours.
Bitcoin Mania Triggers Miner Influx to Rural Washington
Washington state has some of the cheapest power in the U.S. making it a magnet for bitcoin miners, who generate new units of cryptocurrencies-a process that requires vast amounts of electricity.
Power Outage Plunges Puerto Rican Capital Back Into Darkness
An explosion and fire in a power facility in Puerto Rico Sunday night knocked out power to a densely populated corridor of the island, which is still getting back on its feet from last summer's devastating hurricanes.
U.S. Oil-Rig Count Rose by 26 in Latest Week
The number of rigs drilling for oil in the U.S. increased by 26 this week to 791, Baker Hughes reported.
China Signs First Long-Term Deal for U.S. Natural Gas
China has signed its first long-term contract to import U.S. liquefied natural gas, following a push by the Trump administration to open the rapidly growing market to U.S. suppliers.
Venezuela's Pain is OPEC's Gain
The cut in oil production engineered by OPEC and Russia is now in its second year, defying skeptics and helping to boost crude prices. But the cartel's compliance owes a big debt to a single member: Venezuela.