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Higher risks of recessions and higher-than-expected OPEC+ production prompted Goldman Sachs to slash again its oil price forecasts for 2026, days after it had already cut its price outlook in the wake of the U.S. tariffs announcement last week. benchmark, WTI Crude.
million barrels per day (bpd) in overproduction so far, and the compensation plans entail offsetting all above-quota output by June 2026. The eight OPEC+ countries that have been cutting oil production will have to compensate 4.57
PJM Interconnection and Pennsylvania Governor Josh Shapiro have settled a lawsuit over PJMs capacity market pricing, agreeing to lower the grid operators auction price cap from over $500/MW-day to $325/MW-day. […] The post PJM, Facing Capacity Shortage as Early as 2026/2027 Delivery Year, Agrees to Lower Auction Price Cap appeared first on POWER (..)
These are all things EV charging […] The post Rove to Build 20 EV Charging Centers in Southern California by 2026 appeared first on NGT News. Focused on fast, reliable charging, each Rove will host 40 direct-current fast chargers, making a full charge possible in as little as 15 minutes.
Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays. Crude production numbers include condensates and NGLs, counted as NGLs on the demand side but as crude when blended with Canadian crude for export.
Data centers and liquefied natural gas exports are set to keep natural gas demand in the United States at a record high this year and next, energy executives said at CERAweek. Infrastructure shortages, however, could make growth problematic.
Goldman Sachs has reduced its outlook for oil prices for the third time since the start of April, now expecting Brent crude to average $63 this year and $58 in 2026. The bank sees WTI at an average of $59 per barrel this year, falling to $55 in 2026, Reuters reported.
Panasonic: Commercialization of perovskite BIPV in 2026 Recently,PanasonicHoldings(HD)announcedthatitwillcommercialize"powergenerationglass"(BIPV),whichintegratesperovskitesolarcellsandbuildingmaterials,in2.
China's Shining Bright: A Forecast of Dominance in Solar Manufacturing Until 2026 AccordingtoarecentWoodMackenziereport,Chinaissettomaintainitsstrongholdontheglobalsolarindustry,withover80%ofmanufacturingcapacityforpolysilicon,wafer.
Romania’s new solar regulations will take effect in 2026 Romania'sNationalEnergyRegulatoryAuthority(ANRE)hasapprovedanewgridauctionmechanismfortheconnectionofnewpowerplantsabove5MW,whichwillbeheldannuallyand.
Via Metal Miner The copper market outlook for the second half of 2025 has seen significant debate in recent weeks. On the supply side of the equation, new production is coming online. However, this may not happen fast enough to flood the market. According to mining.com, the ICSG projects global mined copper output will rise about 2.3%
Wall Street banks are racing this week to slash their oil price forecasts for 2025 and 2026 after OPEC+ threw another curveball at the market this weekend by vowing to continue raising production by more than initially planned. Commodity strategists and analysts from major U.S.
India to implement ALMM for solar cells from June 1, 2026 Accordingtoforeignmediareports,inordertopromotelocalPVmanufacturing,theIndiangovernment'slatestrequirement,sinceJune2026,Indiancleanenergycompaniesmus.
India's ALMM list to be extended to cells from April 2026 India'sMinistryofRenewableEnergy(MNRE)hasstartedsolicitingfeedbackfromstakeholdersonthedraftALMM(ApprovedListofModelsandManufacturers)guidelinesforsol.
Mass production is scheduled to start in 2026 OnAugust28,GreatPower's2024producttechnologyconferencedebutedaseriesofnewbatteryproducts.Intermsofnewbatterytechnology,thecompanyannouncedthefirst-gen. Great Power released the first generation of solid-state batteries!
As we look toward the second half of 2025 and 2026, the trajectory of U.S. From geopolitical tensions to macroeconomic shifts, both bullish and bearish forces are at play, making it increasingly difficult for analysts and investors to form a clear outlook. Amid this complexity, one structural factor stands out: U.S. oil production.
power consumption will hit new record highs in 2025 and 2026, the U.S. EIA projected power demand will rise to 4,201 billion kilowatt hours (kWh) in 2025 and 4,244 billion kWh in 2026, from a record 4,097 billion kWh in 2024. EIA said natural gas share of power generation would slide from 42% in 2024 to 40% in 2025 and 2026.
SVOLT released a 266Wh/kg ternary semi-solid-state battery which is planned to start mass production in 2026 OnJuly4,SVOLTreleasedaternarysemi-solid-statebatteryproductwithanenergydensityof266Wh/kg.ThisisthefirstproductofSVOLTthatcanbemass-producedandequipped.
Goldman Sachs analysts have revised their outlook for global oil demand upwards, now expecting growth of 600,000 barrels daily this year and 400,000 barrels daily in 2026.
Groundbreaking has kicked off at Idaho National Laboratory (INL), where Project Pele—the Department of Defense’s (DOD’s) full-scale transportable microreactor prototype—will be placed for testing in 2026.
crude oil supply will rise more slowly than expected for the rest of 2025 and in 2026 and peak as early as this year, as WTI benchmark prices below $60 per barrel are testing the breakeven point of shale production, energy flows intelligence firm Kpler said on Monday. tariffs and oversupply from the aggressive production hikes from OPEC+.
Valero Energy plans to idle, restructure, or cease refining operations at its Benicia Refinery in California by the end of April 2026, as one of the biggest U.S. refiners continues to evaluate strategic alternatives for its operations in California. billion for its California operations.
In its latest report, the bank predicts that global commodity prices will plunge 12% in 2025 and another 5% in 2026, dragging them all the way back to their pre-pandemic levels. It looks like the post-COVID commodity party is over - with the World Bank predicting a rather bleak end.
According to the banks latest note, the Brent crude forward curve has twisted itself into a bizarre shape: its sloping down hard across the first nine contracts, then turning upward into 2026. In Morgan Stanleys words, there is little historical precedent for this lopsided smile. Whats behind the weirdness? Blame the usual suspects: a U.S.-driven
Namibia expects Frances TotalEnergies and Norways BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says.
in 2026 to 5.99 According to OPECs latest Monthly Oil Market Report, Indias oil demand is projected to grow by 3.4% in 2025 to 5.74 million barrels per day (bpd), and then rise another 4.3% million bpd. Thats more than double Chinas projected growth rates of 1.5% and 1.25% for those years, respectively.
Mexico is ramping up its use of natural gas for power generation, with several plants coming online in recent years, and at least 10 more (Table 1) expected to come online this year, next year, or in 2026. The The post Mexico Increases Reliance on Natural Gas to Support Electricity Demand appeared first on POWER Magazine.
crude oil production is now expected to decline in 2026 - the first year on year decline in U.S. production in roughly a decade, excluding the 2020 Covid-19 pandemic', an S&P Global analysis piece stated.
With this round of funding, were on track to demonstrate full-scale systems in 2026 and deliver the Zeno Power just received $50 million in Series B funding to continue its work to develop nuclear batteries for extreme environments.
billion run-of-river power station that Angolan officials have said could come online as early as 2026. […] The post Major Hydropower Project Moves Forward in Angola appeared first on POWER Magazine. Work continues on what would be the largest hydropower project in Angola, a $5.2
Bcf/d in 2026. Energy Information Administration (EIA), U.S. exports of liquefied natural gas (LNG) represent the largest source of natural gas demand growth this year. LNG gross exports are expected to increase by 19% to 14.2 billion cubic feet per day (Bcf/d) in 2025 and by 15% to 16.4 The start-up.
oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. (World Oil) – Slowing global oil demand amid extreme uncertainty about the future of U.S. trade and a coming supply surplus are expected to hobble U.S.
Abu Dhabis national oil company, ADNOC, forecasts lower export volumes of its flagship Murban crude between August 2025 and May 2026, as it plans to process higher volumes of the grade domestically.
Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Additional production from Phase 1 of the Pikka development project on the North Slope drives the forecast increased production in 2026.
For 2026, the projection is adjusted to 1.1 The EIA now anticipates a growth of 900,000 barrels per day (bpd) for the current year, a decrease from the previously forecasted 1.2 million bpd.
BP chair Helge Lund has informed the board that he would be stepping down from the role most likely during 2026, as activist investor Elliott continues to demand more changes at the UK-based supermajor.
The UAE, for example, has won a higher baseline for 2025 and 2026. Some big OPEC producers, such as Iraq, the United Arab Emirates (UAE), and Kuwait, plan to raise their oil production capacity in the coming years. These countries have argued that they deserve higher baseline production levels as they expand capacity.
With gas in storage levels well below the stockpiles left at the end of the previous two winters, Europe will need extra efforts and money to refill inventories ahead of the 2025/2026 winter.
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