Trump should reverse the Biden administration’s ban on leasing in Alaska’s ANWR, restrictions on offshore oil and gas leasing and development in federal waters, and mandates requiring electric vehicles, API President Mike Sommers told reporters Jan. 13.
The recent growth in U.S. electricity demand, combined with the power needs of emerging markets and data centers worldwide, creates new opportunities and challenges for providers. BOK Financial experts recently highlighted these and other key economic drivers at a Northeast Energy Summit. They also discussed what’s ahead for energy prices and why natural gas and nuclear power may be a good fit for data centers’ immense power needs.
Held under the patronage and participation of His Excellency Abdel Fattah El Sisi, President of the Arab Republic of Egypt, Egypt Energy Show (EGYPES) is at the heart of an ever-evolving, ever-expanding stage for the world, where energy meets the future. Taking place from the 17 – 19 February, EGYPES 2025 will drive influential thought leadership on advancing more rapidly to a sustainable production of energy.
The US took its strongest actions yet to slash Russian oil and gas revenues by sanctioning two oil companies, about 180 oil-carrying vessels, dozens of traders, insurance companies and some senior energy officials.
Global oil demand posted an annual growth of 1.5 million b/d in the quarter, the strongest level since fourth-quarter 2023, exceeding IEA’s previous forecast.
The US Bureau of Land Management received no bids for the congressionally mandated oil and gas lease sale offering 400,000 acres in the coastal plain of Alaska’s Arctic National Wildlife Refuge (ANWR).
Master Bond EP21TP-2NV is a room temperature curing adhesive that is ideal for advanced bonding, sealing and coating applications. It features superior thermal shock and chemical resistance while maintaining durable bonds to similar and dissimilar substrates.
Oil prices are expected to face downward pressures over the next 2 years due to global oil production outpacing demand, according to a report by the US Energy Information Administration.
Ongoing overproduction by some OPEC+ members, strong supply growth from non-OPEC+ countries, and modest global oil demand growth suggest the market will still be well-supplied in 2025.
