U.S. energy secretary urges major rise in global oil output
US Energy Secretary Chris Wright said that the world needs to more than double its oil production to bring more people out of energy poverty.
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US Energy Secretary Chris Wright said that the world needs to more than double its oil production to bring more people out of energy poverty.
The surge in AI use and the data centers are set to boost power demand from data centers by 500% by 2040, UAE minister Al Jaber said.
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Oil rises as geopolitical tensions continue. Brent crude is up 1% to $60.89 a barrel, while WTI rises 1.15% to $57.39 a barrel.
BP names Exxon veteran Meg O’Neill CEO, first woman to lead an oil major as company looks to reinvigorate its fossil-fuels business
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