Over the past 100 years of US utility regulation, we’ve witnessed a great inversion of power: a once muscular administrative state has been severely weakened. In boxing terms, the utilities have won this round decisively vs big government. The financial implications are that state utility commissions and risk taking equity investors have become unnecessary. Why? Because if regulators uncritically approve every major utility capital initiative while authorizing generous returns on capital, then those jurisdictions already operate in a regime…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 2.4 million barrels for the week ending April 11. Analysts expected a loss of 1.680 million for the week. The API estimated a 1.057 million barrel drop in the prior week. So far this year, crude oil inventories have climbed more than 24 million barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.3 million…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 2.4 million barrels for the week ending April 11. Analysts expected a loss of 1.680 million for the week. The API estimated a 1.057 million barrel drop in the prior week. So far this year, crude oil inventories have climbed more than 24 million barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.3 million…

The International Maritime Organization (IMO) has concluded the 83rd session of its Marine Environment Protection Committee (MEPC 83), marking a significant advancement in maritime decarbonization efforts. A pivotal outcome of this session was the approval of the IMO Net-Zero Framework, despite reservations expressed by certain member states, including the US and several oil production states.Rystad Energy's research highlights that the IMO's direct compliance targets are notably more ambitious compared to those set by FuelEU Maritime. Under the…

15 de abril de 2025.- Más de la mitad de los colombianos, el 53,7%, respalda la consulta popular que el Gobierno de Gustavo Petro pretende realizar tras el fracaso de la reforma laboral en el Congreso. Un reciente estudio de Datexco revela que el 53,7% de los colombianos apoya la consulta popula...

Chinese leader Xi Jinping called for upholding multilateral trade as he landed in Vietnam as part of a high-stakes tour of Southeast Asia's most export-reliant economies as he looks to capitalize on global trade tensions with the United States. The three-country visit, which begins with a two-day state visit to Vietnam on April 14, will also take Xi to Malaysia and Cambodia as he aims to emphasize China as a stable partner in contrast to the United States, which has imposed and then suspended punishing tariffs across the region and roiled global…