Scott DiSavino

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More From Scott DiSavino

Texas Power Use Hits Record For June, All-time Peaks To Come

Power demand in Texas broke the June record on Monday and will continue rising until it breaks the all-time high later this week as economic growth boosts overall usage and hot weather causes homes and businesses to crank up their air conditioners.
Jun 07, 2022

Texas Power Use To Hit Record As Temperatures Soar

Power demand in Texas is set to break its all-time record this week, testing the resilience of the grid after generation issues this year and a days-long blackout during a deep freeze in 2021.
Jun 06, 2022

U.S. Midwest In Danger Of Rotating Power Blackouts This Summer

The power grid in the Central United States could be forced to impose rotating blackouts on some of the hottest days of the summer due to rising demand and plant retirements, federal energy officials said in an online energy comment on Friday.
Jun 03, 2022

Oil Jumps 4% As U.S. Gasoline Prices Hit Record High

Oil prices rose about 4% on Friday as U.S. gasoline prices jumped to a record high, China looked ready to ease pandemic restrictions and investors worried supplies will tighten if the European Union bans Russian oil.
May 12, 2022

Oil Steadies Near $110/bbl; Strong Dollar Offsets Supply Worry

Oil prices steadied on Thursday, under pressure from a stronger dollar and a drop in global stock markets while supported by supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude.
May 04, 2022

Oil Dives 4%, Below $100 On China Lockdowns, Reserves Release Plan

Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.
Apr 10, 2022

Oil Dips As Coronavirus Worries Offset More Russia Sanctions

Oil prices steadied in volatile trade on Tuesday as growing worries about coronavirus demand destruction offset supply concerns after the United States and Europe planned to impose new sanction on Russia for alleged war crimes in Ukraine.
Apr 04, 2022

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