U.S. Oil Rig Count Falls by 5 as Gas Rigs Rise
The U.S. oil rig count declined by 5 to 447, while gas rigs increased by 5 to 132, according to Baker Hughes data released Friday, as crude production rose to 13.843 million barrels per day.
Russia’s Energy Crisis Puts Kazakhstan in a Tough Spot
Kazakhstan is declining to significantly bolster Russia’s energy supplies despite Moscow’s requests, citing secondary sanctions risks and domestic demand while conducting large military exercises.
The AI Boom Could Triple Data Center Water Use by 2030
Global data center water consumption could triple to 644 billion liters annually by 2030 without mitigation measures, driven by artificial intelligence expansion, though efficiency improvements could reduce demand significantly.
Europe’s Russia Sanctions Have a Major Blind Spot
European sanctions on Russia have potential blind spots, with some EU and UK companies maintaining profitable operations and subsidiaries in Russia despite broader disengagement objectives.
Kentucky PSC Opens Investigation into High Electricity Costs, Affordability Concerns
Kentucky’s utility regulator opened an investigation into rising electricity costs after rates increased nearly 22 percent over five years, with advocates citing coal reliance and data center expansion as concerns.
As Diesel Prices Surge, Trump Administration Moves to Make Fueling Large Trucks Even More Expensive
The Trump administration finalized rules weakening fuel efficiency standards for heavy-duty commercial vehicles, potentially increasing diesel costs for trucking fleets and consumers.