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JAMES WEST
US utilities spend big on rising data center demand, but affordability concerns loomThe largest US electric utilities are ramping up spending on new power infrastructure to meet surging demand from data centers, with compan...- US oil falls more than 10% to lows not seen since 1999The oil market has been under pressure due to a spate of reports on weak fuel consumption and grim forecasts from the Organization of the P...
- US shale urges service firms offer 'at least' 25% price cuts: ExecutivesSome oilfield firms have moved to lower their own costs.
- Oil drillers under pressure to scrap rigs to cope with downturnThe recent five-year low in oil prices is threatening an industry already grappling with a flood of new vessels and weakening demand.
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