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For the first time in history, fossil fuels supplied less than half of the United States electricity generation for an entire month, according tonew data releasedby energy think tank Ember. This milestone, achieved in March 2025, represents a turning point in the evolving energy mix of the worlds largest economy. Historically, fossil fuelsprimarily coal and natural gashave dominated U.S. electricity production.
On April 28, 2025, at 12:33 p.m. local time, a significant blackout affected the entire Iberian Peninsula, plunging Spain and Portugal into darkness. During a webcast on May 6, Sean […] The post Understanding the April 2025 Iberian Peninsula Blackout: Early Analysis and Lessons Learned appeared first on POWER Magazine.
The group of 8 (or V8), OPEC+ members who made voluntary cuts, agreed to expedite unwinding the 2.2 mb/d cuts by increasing production ceiling by 411 kb/d in May and another 411 kb/d in June. The impact is less bearish than perceived by media and market participants. This raises the production ceiling and not necessarily production. Raising production ceiling legitimizes overproduction that is already in the market.
U.S. 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. Oil prices have slipped by more than 15% since the beginning of April as the market fears recessions from the U.S. tariffs and oversupply from the aggressive production hikes from OPEC+.
Ontarios provincial government has given Ontario Power Generation (OPG) the green light to begin construction on the first of four BWRX-300 small modular reactors (SMRs) at its Darlington New Nuclear […] The post Ontario Authorizes OPG to Start Construction of First Commercial Nuclear SMR appeared first on POWER Magazine.
Zephyr results from the Paradox and Angus update. Oil fell again last week after Opec+ added to production but has rallied today on fears of a US shale collapse. Serica and EnQuest announced that there would be no deal and Challenger has a positive update today. Good news from Eco Atlantic from the Orange Basin and Star signs a deal with Veolia in geothermal projects.
Al Khairat Thermal Power Plant in Iraq. Source: Harlow Group, 2025. Our Saturday Note “ What Do Saudi Arabia & Allies in OPEC+ Want from Accelerating the Unwinding of Voluntary Cuts ?” concluded that the increased production ceiling has limited impact, but bearish sentiment will delay market realization. Oil prices fell 4.5% initially, recovering to a smaller decline by day's end.
Al Khairat Thermal Power Plant in Iraq. Source: Harlow Group, 2025. Our Saturday Note “ What Do Saudi Arabia & Allies in OPEC+ Want from Accelerating the Unwinding of Voluntary Cuts ?” concluded that the increased production ceiling has limited impact, but bearish sentiment will delay market realization. Oil prices fell 4.5% initially, recovering to a smaller decline by day's end.
The multi-layered strategic importance of Syria to Russia was underlined in 2011 when President Vladimir Putin ordered his military to intervene to counter the popular uprising that threatened to depose then-President Bashar al-Assad at that time. A sustained and dramatic escalation of its armed forces there, working closely with Iraqs key local sponsor Iran, ensured that Russia continued to benefit from the strategic advantages Syria offered it until the U.S.- and U.K.
U.S. Secretary of Energy Chris Wright on May 7 told lawmakers that the Department of Energy (DOE) is entering what he called a golden era of American energy dominance, outlining […] The post DOE Chief Backs Fossil, Nuclear Push Amid Budget and Staffing Questions appeared first on POWER Magazine.
Oil rallies as tariff talks start to grow. Touchstone announce a $20m private placement while Genel has a positive update. Reabold convert loan notes into equity of LNEnergy. The post Oil price, Touchstone, Genel, Reabold. And finally… appeared first on Malcy's Blog.
PJM, CAISO and MISO have all experienced significant spikes in capacity market prices. The last auction in PJM cleared at $269.92/MW-day, increasing ~834% from $28.92/MW-day. In CAISO the resource adequacy price saw a similar increase, jumping from $160.60/MW-day in 2020 to $297.21/MW-day. Most recently, MISO announced its summer capacity price will surge from $30/MW-day to $666.50/MW-day, a striking 22x increase.
Crude oil markets took a fresh hit this weekend after OPEC+ stunned traders by announcing a larger-than-expected output increase for June. In a virtual meeting on Saturday, key producers led by Saudi Arabia and Russia agreed to raise collective output by 411,000 barrels per day (bpd), nearly triple the volume originally scheduled. The move follows a similar surge announced for May and signals a sharp reversal from OPEC+ efforts to defend oil prices.
A nuclear power project developer said it has a deal with Google, with the technology company agreeing to commit funding for at least three projects that each would have 600 MW of generation capacity. Elementl Power, founded in 2022 and based in Greer, South Carolina, on May 7 said Google would help the company move toward its goal of bringing more than 10 GW of nuclear power capacity online by 2035.
Oil continues to rally from the lows with the US at the centre of everything, tariff deals and clamping down on Iranian oil going into china. Today I catch up on Touchstone after speaking to Paul Baay and note news earlier in the week from United and Predator. The post Oil price, Touchstone, UOG, Predator. And finally… appeared first on Malcy's Blog.
(Oil & Gas 360) – Publishers Note: Zephyr Energy plc will be presenting at the EnerCom Denver The Energy Investment Conference held at the Westin Denver Downtown on August 17-20, 2025. Register to attend. RNS Number : 5882H Zephyr Energy PLC 07 May 2025 Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under theUKMarket Abuse Regulation.
Oil prices staged a robust comeback on Tuesday, clawing back ground lost after OPECs surprise weekend announcement to boost production quotas by more than expected. WTI surged more than 4% on the day, trading above $59, while Brent gained 3.7%, reaching well above $62. The bounce comes after a bruising April that saw prices crater under the weight of U.S. tariffs and OPEC+ confusion.
EDP Renewables North America (EDPR NA) has inaugurated the company's 200-MW Scarlet II Solar Energy Park, in Fresno County, California. Scarlet II follows EDPR NA's Scarlet I Solar Energy Parka 200-MW solar farm with and 40 MW/160 MWh of battery energy storage system (BESS)which achieved commercial operation in 2024. The post EDP Renewables Brings Second Phase of California Solar Farm Online appeared first on POWER Magazine.
371 MWh! Another Major Energy Storage Order in North America AccordingtoWechatOfficialAccount@EnergyStorage001,TrinaStorage,asubsidiaryofTrinaSolar,announcedacooperationwithFlexGen,aleadingAmericanenterprisespe.
Germanys wind and solar power output has slumped to the lowest in ten years since the start of the year, at just 80 TWh over the first four months of 2025, data from climate think tank Ember has shown. As a result, Europes biggest economy has ramped up gas and coal generation by 10% from a year ago, with the share of hydrocarbons in its energy mix rising to the highest in seven years.
District energy systems can accelerate decarbonization of buildings in cities. The clock is ticking for building owners in U.S. cities that have enacted performance standards to reduce greenhouse gas emissions. […] The post How Building Owners Can Achieve Performance Standards with District Energy appeared first on POWER Magazine.
May 7, 2025 The OPEC+ group of eight (V8) stated in its press release that low global oil inventories are a key reason for the production increase of 411 kb/d in June. Below is a chart confirming their statement.
LNG Canada has completed the cooldown of its liquefied natural gas plant in Kitimat, British Columbia, and is preparing for the plant to produce its first LNG in June, two people familiar with the process told Reuters.
Last weeks worst blackout Europe has ever seen in modern times was a wake-up call for the EU and the rest of the world that regardless of booming renewable energy capacity installations, power supply will not be secure unless grids are capable and flexible enough to accommodate clean energy and meet rising demand. Renewable energy proponents have been touting for years the record-breaking solar and wind capacity additions in Europe and elsewhere, calling at the same time for more investments
The Tennessee Valley Authority (TVA) has submitted the first portion of a construction permit application to the Nuclear Regulatory Commission (NRC) to build a GE Hitachi BWRX-300 small modular reactor […] The post TVA Submits First Portion of Construction Permit Application to NRC for Clinch River BWRX-300 SMR appeared first on POWER Magazine.
CALGARY – The chief executive of Pembina Pipeline Corp. says he believes there will be enough demand to support an expansion to the Cedar LNG project on the B.C. coast as it looks to sign on more shippers for the first phase now in early construction.
Kazakhstan doesnt have any plans to cut its crude and condensate production in May, its energy ministry said on Thursday, as the OPEC+ producer continues to give the group headaches with continuously busting its quota in the deal. Kazakhstan, one of the biggest overproducers under the agreement alongside OPECs second-largest producer, Iraq, plans to keep its crude oil and condensate production levels in May the same as in April and slightly higher than in March, Kazakhstans energy ministry told
State-owned Coal India Limited (CIL) has announced plans to invest about $3 billion to build as much as 4.5 GW of renewable energy generation capacity. The memorandum of understanding, signed May 7 with major ammonia producer AM Green, is expected to significantly increase Indias green hydrogen and ammonia production capabilities. The post India Coal Giant Will Invest $3 Billion for Renewables, and Build 1.6-GW Coal-Fired Plant appeared first on POWER Magazine.
These are stressful times. Fear, uncertainty, and frustration have become an unwelcome undercurrent in many workplaces. Political divides flare unexpectedly. Tempers are shorter. People are weary and it shows. As pressure mounts, so does the risk of fractured teams, strained relationships and lost results. Todays leaders must navigate not just the work, but the weight people are carrying.
(Oil & Gas 360) – Supply Expectations High And Demand Expectations Low, Running Counter To U.S. Supply Demand Data Have The Consensus Set UP To Be Caught Short. The price of WTI crude oil back below $60 reflects much fear plus news that OPEC+ will increase production. The Organization of Petroleum Exporting Countries (OPEC), + other world exporters announcing Monday, that production limits will be increased 411,000 barrels per day in June deflated the spot market price of West Texas I
Taiwan is walking an energy tightrope. The island nations isolated energy grid supports a population the size of Australias at 23 million and one of the most advanced and energy-intensive tech sectors in the world. And not only is it being pushed to its absolute limit by economic factors, its also facing an existential threat from potential Chinese aggression.
Join The Energy Co-op at our Annual Member Meeting and Conference. Who: Members and Friends of The Energy Co-op Where: The Inn at Swarthmore, Swarthmore, PA When: Saturday, June 9th, 8:30am 2:00pm What: The Annual Member Meeting and Conference brings together Co-op members, members of the community and representatives from other Co-ops and other organizations working on sustainable development in PA followed by the Co-op membership meeting.
News True Blue Blog Ameren Illinois fuels the future through donation to truck driver training program Where energy conversations come to life. Effective communication is essentialespecially when providing critical services like natural gas maintenance. However, for Columbia Gas of Ohio technicians, a language barrier made it difficult to serve a growing Haitian community.
This weeks Baker Hughes Rig Count shows that the U.S. decreased by 6 over last week, resulting in a total count of 578 rigs. Canada had a decrease of 6 over last week, resulting in a total Canadian count of 114 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Granite Wash region experienced an increase this week. Meanwhile, 2 regions experienced a decrease this week: The DJ-Niobrara is at 5, down 1.
Russia saw its budget revenues from oil and gas drop by 12% in April from a year earlier, due to the oil price rout last month, the Russian finance ministry said on Wednesday. Oil and gas revenues for the Kremlin dipped to $13.45 billion (1.09 trillion Russian rubles) in April, from $15.2 billion (1.23 trillion rubles) in the same month of last year.
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