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Energy News News 27 September 2025 - 31 October 2025

Saudi Economy Rockets: IMF Ups Forecast, 5% GDP Growth on the Table – and a Nobel Laureate Boosts Innovation

Oil Market Implodes: U.S. Crude Hits New Lows as Gas Nears $3 (Oct. 31, 2025)

Current U.S. Oil Prices By late October 2025, U.S. benchmark oil prices were falling sharply. WTI crude for November delivery traded around $60–61/bbl (Brent near $64–65) on Oct. 30–31 reuters.com reuters.com. Both benchmarks slid ~1–2% in late Oct., erasing the summer’s gains. A strong dollar, rising OPEC+ output and abundant U.S. supply have outweighed positive demand signals reuters.com reuters.com. Notably, U.S. output reached record highs (about 13.6 M bpd by mid-late Oct.) reuters.com, while API data showed large stock draws (crude down ~4.0M barrels for week ended Oct 24) reuters.com. Gasoline prices reflect the decline: the U.S. national average is near
31 October 2025
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PECO Pumps $10K Grants into Parks & $12K to Heroes – Energy Stocks Rally?

PECO Pumps $10K Grants into Parks & $12K to Heroes – Energy Stocks Rally?

PECO’s twin announcements underscore a trend where utilities blend community support with clean-energy goals. Green Region grants (via PECO and Natural Lands Trust) will fund everything from new trails to tree planting. Kwashie emphasizes the broader payoff: green spaces “support local sustainability goals… and reinforce our dedication to building a cleaner, brighter future” philadelphia.today. Nonprofit applicants can match PECO funds with grant or donated dollars to expand parks, forests and climate-resilient landscapes across suburban Philadelphia. Likewise, PECO’s First Responders Day awards – part of a $120K pledge across its service area – honor emergency personnel with practical support. For example,
29 October 2025
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Oil Prices Rollercoaster: Trade War Fears & OPEC Moves Spark 5-Month Lows

Oil Plunges to 5-Year Low, Gas Prices Near $3 – Are More Drops Ahead?

Key Facts – October 18, 2025 Oil Nosedives on Glut Fears and Slowdown Worries Crude oil prices have been in freefall this month, ending the week at levels not seen in nearly half a decade. The most actively traded WTI futures sank to about $57 per barrel, a price last witnessed when markets were recovering from the 2020 Covid crash marketscreener.com. This marks a stunning reversal from early 2022, when post-pandemic demand and geopolitical shocks drove oil above $100. Now, oversupply and recession fears have firmly taken the wheel. Energy analysts point to a cascade of bearish factors. On the
18 October 2025
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Georgia Power’s 500MW Battery Bombshell – What You Need to Know

Georgia Power’s 500MW Battery Bombshell – What You Need to Know

RFP Details and Requirements Georgia Power’s Energy Storage System RFP (announced Sept. 23, 2025) calls for 500 MW of utility-scale battery energy storage prnewswire.com pv-magazine-usa.com. Per the RFP, each project must be capable of discharging at least two hours (so each has ≥1 GWh of capacity per 500 MW) prnewswire.com. Bidders can propose standalone batteries with grid charging, or batteries co-located with solar or other renewables (new or existing) prnewswire.com renewablesnow.com. All sites must interconnect to Southern Company’s transmission grid (Georgia Power’s parent system) utilitydive.com powersystems.technology. The draft RFP (via independent evaluator Ascend Analytics) targets projects online between 2028 and 2031, with
27 September 2025
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