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U.S. energy consumption will grow this year, the U.S. Energy Information Administration (EIA) projected in its latest short term energy outlook (STEO), which was released on May 6. In that STEO, the EIA forecast that total U.S. energy consumption will come in at 95.42 quadrillion British thermal units in 2025. Total U.S. energy consumption was...
Oil rose for a second day after the Trump administration ratcheted up pressure on Iran’s energy exports, while talks between the US and a handful of key trade partners stirred optimism that agreements on trade can be reached. West Texas Intermediate surged 3.5% to settle near $65 a barrel, marking the largest two-day increase since...
The US risks forfeiting a global competition to dominate artificial intelligence if it doesn’t build more reliable, always-on electricity to supply the industry, President-elect Donald Trump’s pick to lead the Interior Department warned Thursday. Doug Burgum, the former North Dakota governor who has also been tapped to help chart Trump’s energy policy, cast the issue...
