(Reuters) – Despite market bets on a de-escalation in the Iran war, new evidence has emerged in recent days of strikes on tankers in the Strait of Hormuz and on energy infrastructure in the Middle East. On Tuesday, crude prices hit two-month lows after US officials downplayed the need for additional military action against Iran, …
Tankers Continue to Burn in the Middle East Despite Hopes for De-Escalation Read More »
(Reuters) – The Trump administration closed a $480 million loan to private energy company Arena Energy to help boost oil and natural gas production in the Gulf of Mexico, the Department of Energy said on Tuesday. It was the energy department’s first closed loan supporting domestic oil and natural gas production, it said. The department’s …
(Reuters) – US electricity consumption will rise to record highs in 2026 and 2027 due to power-hungry AI data centers and electrification, the US Energy Information Administration said in its Short-Term Energy Outlook (STEO) on Tuesday. The EIA projected that power demand will rise from a record 4,216 billion kilowatt-hours (kWh) in 2025 to 4,306 …
US Power Demand to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA Says Read More »
(Reuters) – US crude production is expected to hit a record high for the fourth straight year in 2026, the Energy Information Administration said on Tuesday. Production will reach 13.9 million barrels per day this year, up from 13.7 million bpd in 2025, it said. US crude output is then set to rise again in …
US Crude Production to Hit Record High for Fourth Straight Year in 2026, EIA Says Read More »
(Reuters) – Iran’s top security official Mohsen Rezaei said there are currently no negotiations taking place between Tehran and Washington, in an interview with pro-Iran broadcaster Al-Mayadeen. Iran has insisted the US must meet seven conditions set out in a June interim agreement before the Strait of Hormuz can reopen and negotiations resume. Rezaei said …
Iran’s Top Security Official Says No Talks Underway With US Read More »
SINGAPORE, Nov 10 (Reuters) – The monthly tally of laden liquefied natural gas (LNG) tankers exiting the Strait of Hormuz reached its highest in October since the US-Iran conflict disrupted shipping this year, vessel tracking data showed. Last month, 31 LNG tankers went through the key waterway, according to data from S&P Global Energy, of …
Hormuz LNG Traffic Hits Highest in October Since Iran War Began Read More »
By William James and Ezgi Erkoyun Outgoing UN chief criticises oil profits during climate crisis Turkey seeks to broaden support for electrification goal Critics say the goal must specify increased renewable power Turkish President Erdogan on Monday celebrates oil discovery ANTALYA, Turkey, Nov 10 (Reuters) – United Nations Secretary-General Antonio Guterres took aim at oil …
Oil Dependence is Bad for the Climate and the Economy, UN Chief Tells COP31 Read More »
(Reuters) – Secretary of State Marco Rubio said on Tuesday that he told G7 allies that the US economic sanctions and naval blockade are working so well that President Donald Trump does not need to conduct major combat operations in Iran. Speaking to reporters in Paris after two days of meetings with G7 allies, Rubio …
Rubio Says No Need for Major Combat Operations on Iran Given US Economic Campaign Read More »
(Reuters) – Renewed Ukrainian drone attacks on Russian oil refineries since late October have reduced Russia’s oil refining capacity by about 30%, two industry sources said. Ukraine’s attacks on Russian oil refineries add to Moscow’s difficulties in addressing domestic fuel shortages as it ships diesel to international markets under an export deal with US President …
Nov 10 (Reuters) – Venture Global raised its full-year profit forecast on Tuesday after beating Wall Street estimates for the third quarter, as the US liquefied natural gas exporter looks to expand supply of power and infrastructure to the booming AI data center segment. Shares of the company were up 8.2% in premarket trading. …
Venture Global Raises Profit Forecast, Expands Push into AI Data Center Market Read More »
