US Energy Chief Welcomes Potential Probes by Democrats

NEW ORLEANS, Nov 10 (Reuters) – The US energy chief said on Tuesday he welcomes any ​potential investigations by Democratic lawmakers, who ‌will take control of congressional committees next year, into Trump administration activities in the ​energy sector. “We’re extremely proud of everything ​we’ve done at the (Department of Energy) ⁠to advance President Trump’s energy …

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US Confident Russian Diesel Cargo Off US Coast Will Sell in Global Market

Trump announced diesel deal with Russia ahead of midterm elections Operator says port of discharge has not been finalised US energy chief Wright: US wants the diesel going to world markets OSLO, Nov 10 (Reuters) – President Donald Trump’s energy chief said on ​Tuesday the US was confident that the first cargo of Russian diesel …

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Tankers Continue to Burn in the Middle East Despite Hopes for De-Escalation

(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, …

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Trump Administration Finalizes $480 Million Loan to Arena, in First Such Aid to Oil and Gas

(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 …

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US Power Demand to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA Says

(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 …

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US Crude Production to Hit Record High for Fourth Straight Year in 2026, EIA Says

(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 …

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Iran’s Top Security Official Says No Talks Underway With US

(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 …

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Hormuz LNG Traffic Hits Highest in October Since Iran War Began

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 …

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Oil Dependence is Bad for the Climate and the Economy, UN Chief Tells COP31

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 …

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