US Trims 2025 Crude Output Growth Forecast as Drilling Stalls
US crude output is now expected to grow by 160,000 barrels a day this year to 13.37 million barrels a day and remain flat in 2026, according to the Energy Information Administration's Short-Term Energy Outlook released Tuesday. The production forecast for this year represents a drop of about 50,000 barrels a day from the agency's previous projections in June.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a day ago
- Yahoo
ETH's ‘Most Hated' Rally Could Trigger $331M in Liquidations Near $4K, Says Analyst
Ether's summer surge has ignited fierce debate among market analysts, with many pointing to mounting short positions and shifting capital flows as key drivers behind the rally. The world's second-largest cryptocurrency is now trading near $3,755, up nearly 5.7% in the past 24 hours and more than 25% over the past week, according to CoinDesk Data. ETH holders have welcomed the rally, and some analysts believe it could accelerate further if a short squeeze forces bearish traders to close their positions. '$ETH is the most hated rally right now,' posted Crypto Banter on X, referring to the unusually high level of bearish positioning in the market. According to the CoinGlass data cited by the analyst, approximately $331 million worth of short positions could be liquidated if ether hits the psychologically significant $4,000 level. That liquidation cascade would likely accelerate price momentum in a classic feedback loop. Others see ether's outperformance as a clear sign of shifting market dynamics. Pentoshi, a well-followed trader on X, pointed to the steepest weekly drop in BTC dominance in four years as evidence of capital rotating into ETH. 'Enjoy the next few weeks,' the pseudonymous analyst wrote, adding that ether's current trajectory resembles a 'melt up' — a term used to describe rapid price increases driven more by fear of missing out (FOMO) than fundamentals. Pentoshi also noted a new structural tailwind: the emergence of ETH treasury strategy companies, which are aggressively accumulating ether on their balance sheets. 'Now we have ETH treasury companies that are only a month old and into buying, competing to get 1% of the supply each,' he said. While not naming names, this likely refers to publicly traded firms like Bitmine Immersion Technologies and SharpLink Gaming, whose large-scale ETH acquisitions have drawn increasing attention. Adding to the chorus, crypto analyst Benjamin Cowen highlighted that altcoins continue to underperform relative to ether. 'Alt/BTC pairs go up but they are lagging ETH/BTC,' he posted, suggesting that ether is capturing a disproportionate share of market flows. Cowen argued that ETH now carries lower relative risk than other altcoins and is behaving similarly to how Bitcoin did during previous cycles.
Forbes
3 days ago
- Forbes
Why Electricity Prices Are Rising And What You Can Do To Cut Costs
Symbolic light bulb with photo of high-voltage power lines, ascending arrows for design on theme of ... More energy industry, global energy crisis with rise in cost of energy carriers, inflation, energy saving Have you noticed a change in your electric bill lately? The National Energy Assistance Directors Association estimates that 2025 will be the most expensive year of the decade, with the average U.S. household expected to pay at least 6% more than in the previous year, and significantly more for others, depending on location and housing type. Multiple factors at play contribute to their bills becoming unmanageable. The most effective tips for mitigating rising electricity bills include updating your appliances and insulation, as well as unplugging electronics you aren't using. Let's start with the rising cost of natural gas and explore the reasons behind this increase. Natural gas accounts for approximately 40% of the electricity generated in the United States. According to the U.S. Energy Information Administration, exports of liquefied natural gas have increased to 12.9 billion cubic feet per day, a threefold rise. This means that we have a limited supply of natural gas in our country, which raises its price and, in turn, increases the cost of electricity produced by it. To make matters worse, those exports are expected to double in the next five years and depending on the energy policies we implement in the future, that number could double again. In the graph below, you can see what the EIA is projecting. U.S. LNG Exports The rise in electricity prices cannot be attributed solely to natural gas exports; multiple factors are contributing to this increase. The second factor is rising demand. New data centers and AI are expected to drive this demand, which, according to Rystad, is projected to grow at a rate of 4% annually. To put that in perspective, it is nearly double the rise in demand we experienced from 2000 to 2020. A single data center can use as much electricity as 80,000 homes, and by 2030, we are projected to add as much as 30 GW of electricity demand from data centers in the U.S. That is equivalent to the power generated by 30 nuclear reactors, solely for data centers. Fortunately, most of these data centers will build out some form of electricity generation to assist in powering the centers. In Pryor, Oklahoma, where Google is building a new data center, a new solar array will be built alongside it, and Google has agreed to purchase that power. What is yet to be seen is how the passage of HR1, commonly known as the Big Beautiful Bill, will impact these renewable power installations with data centers. Tax credits for wind and solar projects are being terminated for projects that are not complete by the end of 2027. At a time when electricity demand is growing at historic levels and is expected to continue doing so, we are making it harder to generate that electricity. Infrastructure Matters The most critical aspect of your lights coming on is the infrastructure that carries electricity to homes and businesses across the nation. However, 70% of transmission lines and distribution transformers are 30 years old, according to the Smart Electric Power Alliance. These transmission lines are now expected to face a 260% capacity demand increase by 2050 due to the growth of data centers, electric vehicles, and renewable energy. There are two pieces to this. When the infrastructure itself cannot meet demand, prices increase, as it is an essential part of the supply chain. Second, the cost of that new infrastructure is being passed on to us, the customers. According to the Cato Institute, grid costs now comprise up to 50% of your electric bill. In many areas, delivery costs have risen by nearly 70%. In my personal experience reviewing other people's electric bills over the last two years, delivery costs have been the most significant driver of their bill increases. Higher demand for an ageing grid in a specific area can increase bills dramatically. If that weren't enough, grids require digital upgrades for renewable energy, and the assistance for those upgrades is also being eliminated. All of this has resulted in electricity prices rising by over 6% per year since 2020, according to the Bureau of Labor Statistics, which averaged 1.6% during the previous hundred years. Here are some tips to help you save money on your electric bill. · Switch to LED Bulbs · Install a smart thermostat · Seal air leaks · Use Energy Star appliances · Set your AC to 78 degrees. Each degree lower increases cost by 6-8% · Lower the water heater to 120 degrees. · Use cold water for laundry · Unplug items you aren't using. · Leverage of off-peak hours. You can save hundreds of dollars a year by implementing some of these tips according to the Department of Energy. If you would like to maximize your potential savings, consider getting an energy audit done. Many utility companies offer this as a free service, and it could potentially save you up to 30% on your electric bills. If your utility company does not offer this free service, you may find a local professional that could do it for as little as a hundred dollars, just make sure they are accredited. If you are more of a do it yourself type individual you can download DIY energy assessments at
Yahoo
4 days ago
- Yahoo
Why Opendoor Technologies Stock Was Soaring Today
Key Points Opendoor has ridden a meme-stock rally over the last week to monster gains. Today is the monthly options expiration date, which could have driven higher trading volume. The business is still struggling, but that's unimportant to the stock price for now. 10 stocks we like better than Opendoor Technologies › Shares of Opendoor Technologies (NASDAQ: OPEN) were skyrocketing again today, capping off a remarkable week for the online home-flipper, which has surged on a combination of a meme stock rally, a possible short squeeze, and a thesis shared on Reddit and that the company could be the next Carvana -- a stock that has jumped more than 100 times after nearly going into bankruptcy a few years ago. Today's move also likely benefits from it being Options Friday, as monthly options expires on the third Friday of the month, which tends to trigger higher volatility, especially in volatile stocks like Opendoor. As of 10:33 a.m. ET, the stock was up 19.4%. The stock had jumped as much as 39% earlier in the session before giving up some of those gains. How high can Opendoor go? Once again, there was no news out on Opendoor's business that would have driven today's movement. The rally is purely trader-driven and momentum-based. Trading volume also seems to go higher each day, showing the rally is drawing in more traders, which could push the stock even higher. The last two sessions have set volume records for the stock, and today seems likely to hit a new record as well. Just a little more than an hour into the trading session, more than 225 million shares have changed hands. Yesterday, 541 million shares were traded, and there are only 729 million shares outstanding, meaning nearly 75% of shares outstanding were traded yesterday. What's next for Opendoor? The current rally could persist, especially if trading volume continues to increase, though some of today's activity likely relates to the options expiration, meaning we could see a decline on Monday. Opendoor's business still needs some help from the housing market, and it doesn't seem likely to get it anytime soon. For now, the fundamentals of the business don't seem to matter to the traders pushing the stock higher, but that will eventually change. Do the experts think Opendoor Technologies is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Opendoor Technologies make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,072% vs. just 180% for the S&P — that is beating the market by 891.29%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,149!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,060,406!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Jeremy Bowman has positions in Carvana. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Opendoor Technologies Stock Was Soaring Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
