July 28 (Reuters) – Wholesale electricity prices spiked on Tuesday to more than $500 per megawatt hour in the U.S. Midwest as wind generation came in below forecasts and hot weather taxed fossil fuel power plants. The price spikes were most severe along the Nebraska-Iowa border near coal plants operated by MidAmerican Energy, a utility …
Electric Prices Spike Amid Hot Weather in US Midwest Read More »
HOUSTON, July 28 (Reuters) – U.S. crude inventories fell, while fuel stocks rose last week, market sources said on Tuesday, citing data from the American Petroleum Institute. Crude stocks fell by about 3.3 million barrels in the week ended July 24, the sources said on condition of anonymity. Gasoline inventories rose by 918,000 barrels, while …
API Shows Fall in Weekly US Crude Stocks, Rise in Fuel Inventories, Sources Say Read More »
(Reuters) – There are going to be no tolls and no fees for passage through the Strait of Hormuz in a coordination deal being discussed in relation to the waterway restricted by the Iran war, a U.S. official said on Tuesday. The U.S. official said Iran was making unreasonable demands that were rejected by Oman …
(Reuters) – U.S. natural gas producer Expand Energy beat Wall Street estimates for second-quarter profit on Tuesday, helped by higher output. U.S. producers are benefiting from surging electricity demand for natural gas to power data centers as well as rising liquefied natural gas exports. The company’s production averaged 6.9 billion cubic feet per day (Bcfepd) …
Natgas Producer Expand Energy Beats Second-Quarter Profit Estimates Read More »
By Niccolo Conte | Editing Bruno Venditti | Design Christina Kostandi Key Takeaways China accounted for 55.6% of global coal consumption in 2025, using more than the rest of the world combined. China and India together consumed roughly 70% of the world’s coal. Global coal consumption reached a record high for the sixth consecutive year. …
Ranked: The Countries That Consume the Most Coal – Visual Capitalist Read More »
By Maxwell Akalaare Adombila State Department says project is part of US push against rivals’ supply chain control Deposit contains elements used to make magnets vital for EVs, electronics and defence systems Harena targets mid-2028 startup and weighs US, European refining partnerships DAKAR, July 28 (Reuters) – The U.S. is backing the Ampasindava rare earths …
US Backs Madagascar Rare Earths Project in Push to Loosen China’s Supply Chain Grip Read More »
(Reuters) – China has held direct talks with Yemen’s Houthi movement to enable its tankers to sail through the southern Red Sea without being attacked after the Iran-aligned militia pledged to prevent access to Saudi ports, six sources with knowledge of the matter have said. The Houthis declared their blockade on July 20, opening a …
China in Touch with Yemen’s Houthis to Allow Ships to Sail Through Red Sea, Sources Say Read More »
(Reuters) – Yemen’s Houthis said on Tuesday that they had fired ballistic missiles at a Saudi oil tanker, accusing the vessel of violating what they described as their maritime blockade on Saudi Arabia in the Red Sea and ignoring warning calls. The Iran-aligned group’s military spokesperson, Yahya Saree, said the vessel was forced to turn …
Yemen’s Houthis Say They Fired Ballistic Missiles at Saudi Oil Tanker in Red Sea Read More »
(Reuters) – U.S. regulators have approved Cheniere Energy’s request to introduce natural gas into Train 7 of its Corpus Christi LNG export project in south Texas, according to a Federal Energy Regulatory Commission (FERC) letter issued on Tuesday. The approval takes the largest U.S. LNG exporter one step closer to production from its seventh and …
Cheniere Gets Approval to Introduce Natural Gas Into Final LNG Expansion Plant Read More »
(Reuters) – Saudi Aramco shut down its 400,000 barrel per day Jazan oil refinery in Saudi Arabia on July 27 following an attack by Yemen’s Houthi militants on Saturday, a note from consultancy IIR seen by Reuters showed. The attack damaged the plant’s Integrated Gasification Combined Cycle (IGCC) complex and the tank farm area, the …
Saudi Aramco Shuts Jazan Oil Refinery After Attack, IIR Note Shows Read More »
