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(Reuters) – Saudi Arabia’s crude oil exports in July hit their lowest level in four months, according to data from the Joint Organizations Data Initiative (JODI) released on Monday. Crude exports from the world’s largest oil exporter fell to 5.994 million barrels per day, from 6.141 million bpd in June, its lowest level since March …
Saudi Arabia Crude Exports Fall to Four-Month Low in July Read More »
By Jonathan Tirone Europe’s economy will continue to rely on imported natural gas for decades to come as the transition to solar and wind takes longer than forecast, according to energy company OMV AG. OMV expects gas to play a key role in power generation and industrial heating through at least 2050, Chief Executive Officer …
OMV Chief Says Renewables Won’t Push Out Gas in EU Any Time Soon Read More »
(Reuters) – A record level of global nuclear power production seen in 2024 will be hard to maintain in the coming years due to a lack of required investment, aging plants and project disruptions, the World Nuclear Industry Status Report said on Monday. Nuclear power has experienced a revival in interest from various countries trying to phase …
Global Nuclear Projects Seen Slowing after Record 2024 Output Read More »
Iraq has increased oil exports following the gradual unwinding of voluntary production cuts under an OPEC+ agreement, the country’s state oil marketer SOMO said on Sunday. Earlier this month, eight members of OPEC+ agreed to raise production from October by 137,000 barrels per day. OPEC+ has been increasing production since April after years of cuts …
Iraq Increases Oil Exports, Sees Extra Revenues, State Oil Marketer Says Read More »
(Reuters) – A group of Republican and Democratic U.S. senators introduced legislation on Friday that would expand sanctions against Russian energy, specifically by targeting a collection of older oil tankers the lawmakers say are used to dodge existing U.S. energy sanctions. The “Sanctioning Harbors and Dodgers of Western Sanctions,” or SHADOW Fleets Act comes as President Donald Trump has …
US Lawmakers Want Sanctions to Sink Russia’s ‘Shadow Fleet’ Read More »
Citi analysts on Friday forecast Brent crude oil prices would fall to $60 per barrel by year-end and average $62 per barrel between the second and fourth quarters of 2026, citing OPEC+ production increases and China’s stockpiling. The bank revised its global liquids balance outlook after OPEC+ announced plans to unwind an additional 1.6 million …
Citi Sees Brent Crude at $60 by Year-End as OPEC+ Ramps up Production Read More »
Summary Indigenous equity ownership rising in Canadian energy projects First Nation taking on up to C$1.4 billion in debt to finance stake Some other LNG projects face Indigenous opposition (Reuters) – When Maureen Nyce, the new chief of the Haisla First Nation, donned a hard hat and safety vest for an August visit to the …
How Canada’s Haisla Became the World’s First Indigenous LNG Owners Read More »
Microsoft on Thursday said it plans to build a second massive artificial intelligence data center in Wisconsin, bringing its spending in the state to more than $7 billion. The new $4 billion project will join a $3.3 billion data center in Mount Pleasant in the southeastern corner of the state, announced last year. Microsoft said …
Microsoft Boosts Wisconsin Data Center Spending to $7 Billion Read More »
By Julia Payne BRUSSELS, Sept 18 (Reuters) – The European Commission is discussing a proposal to bring forward a ban on Russian liquefied natural gas in a new package of sanctions against Moscow over its invasion of Ukraine, an EU official said. The new push follows a call between European Commission chief Ursula von der …
EU Looks to Accelerate Ban on Russian LNG in New Sanctions Package, Official Says Read More »
Drones hit major oil sites in Bashkortostan and Volgograd Salavat complex working as usual – TASS Some Russia’s regions face fuel shortages KYIV/MOSCOW, Sept 18 (Reuters) – Ukraine said on Thursday that its drones had struck a major oil processing and petrochemical complex and an oil refinery in Russia, part of an intensifying campaign to …
Ukrainian Drones Target Russian Petrochemical Complex and Oil Refinery Read More »
