RT Bloomberg Opinion (@opinion)@DaveLeeBBG @parmy @cathythorbecke AI will create much more demand for energy. Where should it come from? 🤖🌎https://t.co/6kgUwBtaMS ...

JPMorgan says the US needs renewables to meet increasing demand for energy from the tech industry and more stories on today's Green Daily https://t.co/aVLSwSRzGR ...

November WTI crude oil (CLX25) on Wednesday closed up +0.82 (+1.33%), and November RBOB gasoline (RBX25) closed up +0.0156 (+0.82%). Crude oil and gasoline prices on Wednesday settled higher.  Wednesday's rally in the S&P 500 to a new record high demonstrated confidence in the economic outlook, which was supportive of energy demand and crude prices.  Crude prices also had carryover support from Sunday when OPEC+ agreed to a smaller-than-expected increase in its crude production levels.  Gains in crude wer ...

November WTI crude oil (CLX25) today is up +1.04 (+1.68%), and November RBOB gasoline (RBX25) is up +0.0187 (+0.99%). Crude oil and gasoline prices are moving higher today.  Today's rally in stocks shows confidence in the economic outlook that is supportive of energy demand and crude prices.  Crude prices also have carryover support from Sunday when OPEC+ agreed to a smaller-than-expected increase in its crude production levels.  Gains in crude are limited today as the dollar index (DXY00) rallied to a 1. ...

Francisco Blanch is head of commodities and derivatives research at Bank of America Securities. Francisco, it's great to have you back on the program. How do you see this Russia story playing out.And are you surprised that oil's not moving more given that Ukrainian drones hit pretty deep inside Russia. >> Hey, hey, thanks for having me. Look, we've had of course hits to Ukrainian refineries, but also so Russian refineries by by Ukrainian drones, but also uh we had the port of Primorsque, which uh which was ...

Data Centers & AI - Concerns exist about a potential bubble in data centers, especially after Oracle's results, due to customer concentration [1] - The industry is bullish on AI and data center growth in the US [2] Energy Sector Investment - The energy space is viewed as having mass potential for private equity investment in the next 5 to 10 years [2] - Private equity investment is focused on energy services and utility services, specifically improving the grid [4] - Energy demand is expected to double over the next 25 years [5] - Supply chain issues and a shortage of skilled technicians create opportunities in the private equity space [5] Utility Services Consolidation - Significant fragmentation exists among utility service providers, creating consolidation opportunities for private equity [5] - Consolidation focuses on service providers serving the utilities, driven by increased outsourcing due to a shortage of skilled technicians [8] - Investment is aimed at consolidating service providers to large utilities where massive growth is anticipated [9] Materials & Services - Private equity money is flowing across the entire ecosystem, including materials needed for building data centers [10] - Investment is also directed towards O&M (Operations & Maintenance) services [10]

Market Trends & Industry Dynamics - Energy demand is increasing, positioning companies focused on energy and industrial technology favorably [2] - Short-term volatility exists due to WTI and Brent fluctuations, influenced by OPEC barrels [3] - The industry is in the age of gas, with natural gas becoming a greater part of the energy mix and a key focus for Baker Hughes, especially regarding LNG exports [7] - A new normal is evolving in rig operations due to technology advancements and increased rig productivity, making a return to old highs unlikely [13] Company Strategy & Performance - Baker Hughes is diversifying into more stable areas to create future value, moving away from secular cyclical trends [5][6] - Baker Hughes is more focused on natural gas than oil in terms of services and technology provided [8] - The acquisition of Chart for over $9 billion is a strategic move to provide equipment and services in the energy space and diversify into other industrial sectors [8][9] - Baker Hughes expects $1.5 billion in orders over one to three years for the data center business, having already announced $650 million in the first half of the year [14] Technology & Innovation - AI is playing a role in productivity and efficiency, enhancing digital capabilities and increasing equipment uptime [11][12] - Digital solutions are increasing equipment uptime by anticipating and predicting downtime [12]

Germany’s economy ministry sees demand for gas power plants surging in the next decade if the adoption of renewables and flexible technologies slows https://t.co/ioT1EUnwdx ...

Sustainability & Efficiency - The company prioritizes efficiency improvements in industrial facilities, transportation, and manufacturing to reduce energy waste [1] - Investment in technologies to reduce the carbon intensity of energy use is a key focus, including hydrogen, renewable fuels, and geothermal [2] Renewable Energy Initiatives - The company is the second largest producer of renewable fuels in the United States [3] - The company will start up the largest green hydrogen facility in the United States, using solar power to convert water into hydrogen [3] - The green hydrogen facility will have storage capacity equivalent to three times all the grid installed batteries in the entire United States [3]

Energy Demand & Supply - Texas is facing a crunch to meet energy demand [1] - Renewable power, specifically wind and solar, is the state's fastest growing electricity source [1] Policy Impact - Trump's budget bill will negatively impact renewable power development in Texas [1]