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Canada Oil Outages and Bad Weather to Tighten Inventories at Key US Storage Hub

Conventional Energy, Latest, Oil, US News / By

By Amanda Stephenson and Arathy Somasekhar Wet weather and Cenovus outage disrupt Western Canada oil supply Cushing inventories near operational lows as U.S. crude stocks fall Western Canadian crude inventories at lowest since 2020 CALGARY, June 11 (Reuters) – Wet weather ​and a power outage at a major oil sands producer have contributed to crude …

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Trump Cancels Strikes Against Iran Planned for Thursday Evening

Latest, US News / By

(Reuters) – U.S. President Donald Trump said he hascanceled planned strikes against Iran on Thursday, hours after threatening more bombings and a desire to “take” oil export hub Kharg Island. “Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I …

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A Look at Iran’s Kharg Island and Energy Sector

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – U.S. President Donald Trump on Thursday said the United States would hit Iran “very hard tonight” and that he wanted to eventually seize Kharg Island, the export heart of one of the world’s largest oil producers. Following are key facts on Iran’s energy industry: KHARG ISLAND The third-largest producer in the Organization of …

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Iran War Adds to AI Boom as Demand for Gas Turbines Rises Further, Siemens Energy Says

Artificial Intelligence, CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas / By

(Reuters) – The Iran war has become an additional driver of demand for gas turbines, Siemens Energy executives said on Thursday, at a time when manufacturers are already flooded with orders due to the massive data centre expansion in the United States. Along with rivals GE Vernova and Mitsubishi Heavy Industries, Siemens Energy has seen …

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Trump Tells Fox News He’d Like to Take Iran’s Kharg Island

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. President Donald Trump said on Thursday he would like to take over Iran’s oil infrastructure hub Kharg Island but he was not sure Americans have the appetite for a major escalation in the war. “We are talking to them and all, but you know, look, my preference has always been – take …

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Americans Wary of AI-Driven Data Center Boom, Reuters/Ipsos Poll Shows

Artificial Intelligence, Energy Topics & Technology, Latest, US News / By

(Reuters) – Just one-in-three Americans approve of the fast pace of data-center construction that supports artificial intelligence and most would oppose building one in their own community, according to a new Reuters/Ipsos poll. The poll results reflect widespread public unease over the data center boom in the United States, an issue high on the minds …

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Iran Seeks Funds as US Talks Edge to Interim Deal, Sources Say

CDN and International News, Latest / By

(Reuters) – Efforts to reach a preliminary deal between Iran and the U.S. have intensified, three Iranian sources and a European official told Reuters on Thursday, despite strikes launched by both sides, as they discuss a mechanism over releasing frozen Iranian funds. The sources said Iran and the United States were still exchanging messages over …

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Hormuz Reopening Could be OPEC’s Undoing: Bousso

CDN and International News, Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil, OPEC / By

(Reuters) – Saudi Arabia and neighbouring Gulf producers will cheer the eventual reopening of the Strait of Hormuz, but the ensuing flood of oil risks eroding OPEC’s already fragile grip on the market. The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas …

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