By Weilun Soon Rates to ship crude on tankers are surging more widely across the world after the US moved to exert control over Venezuelan flows, a trade once primarily handled by a dark fleet of aging vessels. Shipowners are deploying legitimate tankers near the US Gulf in anticipation of higher demand for vessels instead …
Venezuela’s Oil Shakeup Ripples Even Wider Across Tanker Market Read More »
By Monique Mulima A sizzling rally in energy stocks over the past few months has the group reaching a new high as rising geopolitical uncertainty pushes investors to bet on elevated oil prices. The S&P 500 Energy Index rose 2.4% to close at $750.17 on Wednesday, making it the best performing sector in the S&P …
Energy Stocks Hit Record High on Greenland, Arctic Blast Read More »
By Sing Yee Ong, Elena Mazneva, and Julian Hast US natural gas futures surged about 75% in three days, rocketing to the highest price since 2022, as frigid weather sweeps across major markets for the heating fuel and forces traders to cover bearish positions. More than 175 million people across the country will face snow, …
Natural Gas Soars 75% in Three Days as Arctic Cold Grips the US Read More »
BEIJING, Jan 22 (Reuters) – China defended its wind power record and reinforced its commitment to promote the global transition to low-carbon energy, after U.S. President Donald Trump’s criticism at the World Economic Forum annual meeting in Davos, Switzerland. “China’s efforts to tackle climate change and promote the development and application of renewable energy in …
Davos: China Defends Wind Power Strategy After Trump’s Criticism Read More »
By Gavin Maguire LITTLETON, Colorado, Jan 22 (Reuters) – Judging by state and local filings alone, the U.S.’ data center computing capacity could jump by close to 1,000% if all projects currently planned come to fruition. That’s a big “if,” however, as it is widely known that some of the plans filed by so-called hyperscalers …
COMMENTARY: Charting the Data Center Development Roadmap in Key US States – Maguire Read More »
DAVOS, Switzerland, Jan 22 (Reuters) – Global oil glut predictions are seriously exaggerated as demand growth remains strong and global oil stocks are depleted, Amin Nasser, chief executive of Aramco , the world’s biggest oil producer, said on Thursday. Oil prices have traded above $60 per barrel for most of 2025 with analysts predicting a decline …
DAVOS: Aramco CEO Says Oil Glut Predictions are Exaggerated Read More »
Summary Trump steps back from tariff threats over Greenland IEA revises up forecasts for 2026 global oil demand growth US crude stocks up by 3.04 million barrels last week, API says (Reuters) – Oil prices slipped on Thursday, reversing the previous sessions’ gains, after U.S. President Donald Trump softened threats against Greenland and Iran, and as investors assessed the supply …
Oil Slips as Trump Tones Down Threats Against Greenland and Iran Read More »
By Ruth Liao Venture Global Inc. won a dispute with Spain’s Repsol SA involving the sale of liquefied natural gas cargoes from its export plant in Louisiana. An arbitration tribunal found Venture Global acted as a “reasonable and prudent operator,” the company said in a filing Wednesday. The tribunal also awarded fees to Venture Global. …
Venture Global Wins LNG Arbitration Case Against Repsol Read More »
By Nicole Jao NEW YORK, Jan 21 (Reuters) – U.S. refineries are preparing for extreme cold weather as an unexpected Arctic blast rolls in, threatening to disrupt operations. A cold front will bring frigid temperatures to the eastern two-thirds of the country, the National Weather Service said on Wednesday, expecting sub-zero lows to spread from …
US Refineries Brace for Disruptions as Arctic Blast Hits Read More »
By Marianna Parraga Seven tankers departed Venezuela since January 12 under deal Crude is being stored in Caribbean terminals Many offers to final customers not leading to sales yet Jan 21 (Reuters) – Venezuelan oil exports under a flagship $2 billion supply deal with the U.S. reached about 7.8 million barrels on Wednesday, vessel-tracking data …
