oil prices

Oil Prices and Refinery Margins Decline During Q1 2025: EIA

EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Oil, PRODUCTS

Crude oil prices and refinery margins declined during the first quarter of 2025, according to a May 1 report published by the U.S. Energy Information Administration. Crude oil prices reached a quarterly high on Jan. 15 and were valued at $82/barrel (b) and settled the quarter at $75/b. The price decline can be attributed to…...

Maine Governor Endorses Avangrid’s $1 Billion Hydropower Transmission Line

New England Grid Operator Projects 11 Percent Rise in Annual Electricity Demand Over Next Decade Amid Electrification Push

Electric Transmission, EnerKnol Impact-Misc Categories, EnerKnol Impacts, EnerKnol Pulse, Grid Modernization, PRODUCTS, Retail Power and Gas

Electricity use in New England is set to grow over the next decade, reversing a long-standing trend of declining demand. Annual electricity consumption in the region is projected to rise by 11 percent through 2034, with most of the increase attributed to the growing use of electric vehicles and heating systems, according to a new…...