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Rigzone Industry News

1. ERCOT Sees Demand More Than Quadrupling Current Peak

   'The current forecast projects approximately 367,790 Megawatts of demand in the ERCOT Region by 2032', ERCOT said.

2. There Is a High Risk Being Short Energy, Analyst Warns

   There is a high risk being short energy and betting on any immediate political resolution in the Iran conflict, according to SEB Commodities Analyst Ole R. Hvalbye.

3. BP's New Leadership Suffers Shareholder Revolt

   BP Plc faced a shareholder backlash at its annual general meeting.

4. Crude Jumps as Hormuz Tensions Rise

   Oil prices rose sharply as escalating Iran conflict risks threatened flows through the Strait of Hormuz.

5. Hormuz 'Reopening Optimism' Is 'Sliding Fast', Analyst Warns

   'Reopening optimism' for the Strait of Hormuz is 'sliding fast', according to SEB Chief Commodities Analyst Bjarne Schieldrop.