Summary IEA still projects sizeable global oil supply surplus in 2026 Oil prices rise amid geopolitical tensions and supply outages OPEC+ and other producers boost supply faster than demand Oil slips after IEA report published, still up 14% in 2026 (Reuters) – World oil demand will rise more slowly than expected this year, the International …
Global Oil Demand to Rise More Slowly as Prices Rally, IEA Says Read More »
CALGARY, Alberta, Feb. 11, 2026 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this release. This release …
SM Energy has launched the sales process for some of its natural gas-producing assets in the Eagle Ford shale basin of South Texas as it looks to trim debt following its near $13 billion merger with Civitas, three sources familiar with the matter said. * SM Energy closed the merger last month and took on …
SM Energy is Seeking Buyers for Eagle Ford Natural Gas Assets, Sources Say Read More »
By Marilen Martin Siemens Energy AG’s Chief Executive Officer Christian Bruch has a message for investors worried about surging spending on data centers: Don’t fear a bubble. “So far, we see reservations more or less one to one converting into effective orders,” Bruch said Wednesday on Bloomberg Television. “I’m relatively comfortable going forward that this …
Siemens Energy CEO Sees Data Center Boom Lasting on Power Needs Read More »
By Valerie Volcovici and Trevor Hunnicutt WASHINGTON, Feb 11 (Reuters) – President Donald Trump on Wednesday ordered the Defense Department to purchase electricity from coal-fired power plants in his latest effort to boost the coal sector. The move, which was announced at the White House as an executive order, calls for the Pentagon to form …
Trump Directs Energy Department to Issue Funds to Keep Coal Plants Online Read More »
By Marianna Parraga and Nathan Crooks US Energy Secretary Chris Wright met Venezuelan interim President Delcy Rodriguez Visit follows Maduro’s capture, $2 billion oil supply deal US aims to reshape global energy markets and pressure Russia, analyst says HOUSTON, Feb 11 (Reuters) – Venezuela is hosting U.S. Secretary of Energy Chris Wright this week, marking …
By Christoph Steitz and Tom Käckenhoff First-quarter net profit surges to 746 million euros Siemens Gamesa’s operating loss narrows to 46 million euros Siemens Energy shares have risen more than ten-fold since 2024 Shares up 5% to record high FRANKFURT/DUESSELDORF, Feb 11 (Reuters) – Siemens Energy’s (ENR1n.DE) net profit nearly tripled in the first three …
Siemens Energy Profit Soars on AI-Driven Power Demand, Shares Hit Record Read More »
By Alex Lawler OPEC sees 400,000 bpd drop in demand for OPEC+ oil in Q2 vs Q1 OPEC+ is pausing production hikes in first-quarter 2026 OPEC+ eight members meet on March 1, expected to decide on resuming hikes For 2026, OPEC data indicates supply deficit, in contrast to IEA’s glut LONDON, Feb 11 (Reuters) – …
The U.S. Treasury Department on Tuesday issued a general license authorizing the provision of U.S. goods, technology, software or services for the exploration, development or production of oil and gas in Venezuela, a long-awaited permit that could help increase output in the country. Washington has been relaxing sanctions on Venezuela’s energy industry, first imposed in …
EDMONTON – Alberta Premier Danielle Smith says “significant” deficits are in store for her province as it tries to grapple with low oil prices. The government’s new budget is set to be unveiled later this month, and Smith says it’s going to be a “tough” one. The premier told RED FM Calgary this week that …
Alberta’s Smith Says ‘Significant’ Deficits to Come, Rules Out Tax Hikes and Big Cuts Read More »
