OPEC+ agrees to boost output when Strait of Hormuz reopens
A group of OPEC+ members met Sunday and agreed to increase their oil output once the Strait of Hormuz is reopened.
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Tech cash flows to Texas lawmakers debating data centers
Texas lawmakers made the artificial intelligence data center boom one of their top priorities — and they’re seeing a surge in campaign donations from big tech companies.
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A Red Dilemma: China Leads the World on Renewables, But It’s Still Addicted to Burning Rocks
In 2021, China’s leader Xi Jinping made two important promises intended to signal China‘s commitment to fighting climate change. At the Leaders Climate Summit in that April, he announced that China would “strictly control” coal generation until 2025 when it would start to gradually phase it out. He…
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Chevron and Microsoft Team Up for Giant Texas Gas Power Plant
Chevron, Microsoft, and Engine No. 1 are negotiating a team-up for a multi-billion power plant in West Texas intended to power a huge data center campus, in the latest energy deal to power AI infrastructure.
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Global Fuel Shortage Pushes Governments Toward Demand Controls
This week saw something that does not happen very often. WTI, normally trading at a discount to Brent crude, moved higher than the North Sea-focused benchmark. Traders explained it with fears of tight supply in the immediate term and some relief later this year. Some,…
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Opinion: Trump Administration Saves Rate Payers From Costly Offshore Wind Boondoggle
The Trump administration reached a deal with French energy producer TotalEnergies in which it would return almost $1 billion to end its offshore wind farm projects in the United States. The $928 million reimbursement, which was what TotalEnergies paid for project leases, would instead be invested in…
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OPEC+ agrees to hike oil output, warns of slow recovery after attacks
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to increase oil output quotas by 206,000 barrels per day for May, a rise that is largely symbolic as some of its key members are unable to raise production due to the US-Israeli war on Iran.
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Trump budget attacks renewables, boosts ‘energy dominance’
The White House released its fiscal 2027 budget request Friday morning, unveiling plans to continue waging its longstanding war against renewable energy and climate initiatives while boosting support for artificial intelligence and fossil fuels.
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Trump wants the world to buy more US oil. He might regret it.
President Donald Trump wants the world to buy more U.S. oil, but he might regret the offer if it raises gasoline prices.
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After renewable power’s record-smashing 2025, the Iran war could accelerate the shift, UN says
Renewable power accounted for 85.6% of all new energy capacity installed worldwide last year, according to a report released Wednesday by the International Renewable Energy Agency (IRENA), a UN body. Renewables now make up a record 49.4% of the world’s energy capacity, up from 46.3% in 2024.
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