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OPEC+ Set to Hold Oil Production Steady in December as Producers Focus on 2027 Strategy

CDN and International News, Energy Topics & Technology, Latest, Oilsands / By

EnergyNow Media | October 31, 2026 OPEC+ is expected to maintain its current oil production targets through December, signalling a cautious approach to global supply management amid continuing geopolitical uncertainty and negotiations over production levels for 2027. According to Reuters, seven key OPEC+ producing nations have reached an agreement in principle to leave December production …

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GETTING MIDTERMS ATTENTION – Power Bills and Data Centers Cast Rare Spotlight on Utilities in US Midterms

Electricity Grid, Energy Topics & Technology, Latest, US News, Utilities / By

Summary US electric bills up 10% since 2024, far outpacing inflation Some states hosting data centers have seen rates spike much more Candidates from both parties vow to control electricity rates (Reuters) – US electricity prices had flown under the radar in past national elections, but they have become a major political issue in this …

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Energy Index Hits Record High as Oil Rally Lifts Sector

Energy Topics & Technology, Finance, Latest, US News / By

(Updates) S&P 500 energy index hits record high, tracking higher crude prices, last up 1.4% Brent crude futures up 2.2% at $117.41/barrel, on course to finish over 13% higher for the month US West Texas Intermediate (WTI) crude futures climbed 2.04% to $104.8/barrel, heading for a monthly jump of about 15% Prices rise as fears …

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Big Oil’s Spending Caution Speaks Louder than its Profits: Bousso

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – Big Oil is reaping near record cash windfalls from the eight-month-old Iran war, but Western energy producers’ reluctance to ramp up spending reveals persistent doubts about the industry’s long-term outlook. BP, Chevron, Exxon Mobil, Shell and TotalEnergies reported combined net profits of $56 billion in the third quarter, driven by surging oil and …

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US Crude Output Rose in August While Petroleum Demand Declined, EIA Says

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(Reuters) – US crude oil output rose in August, while demand for crude oil and petroleum products declined, the US Energy Information Administration (EIA) said in its Petroleum Supply Monthly report on Friday. US crude oil production rose 19,000 barrels per day in August to 13.965 million bpd, compared with the EIA’s revised July figure …

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Canadian Oil Discount Exceeds US$30 Amid Gulf Coast Pressures

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Canadian governments have prioritized diversifying oil trade away from the U.S. amid a wider trade dispute By Robert Tuttle A collection of five of 10 of the pumpjacks on a Canamax Energy Ltd. well site work together on a piece of property northeast of Grimwhaw, Alta. Photo by RANDY VANDERVEEN Heavy crude oil in Alberta …

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UK Energy Poised for More Deals Amid High Taxes and Oil Prices

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By Muvija M BP’s planned N.Sea asset sale could deliver over $2 bln, estimates say UK upstream tax rate reaches 78% under Energy Profits Levy introduced in 2022 Analysts cite ageing fields and high costs as drivers of more consolidation LONDON, Oct 30 (Reuters) – Tax advantages and high energy prices will drive further consolidation …

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Chevron Keeps Microsoft Data Center Timeline Despite Texas Pause

Artificial Intelligence, Electricity Grid, Energy Topics & Technology, Exploration & Production, Latest, US News / By

By Kevin Crowley Chevron Corp. expects to power up a Microsoft Corp. data center project in West Texas on schedule despite Governor Greg Abbott’s suspension of digital infrastructure permits. The energy company is working on permitting, engineering work and financing, Chevron Chief Financial Officer Eimear Bonner said during an interview. “And we don’t see any …

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US Natural Gas Drillers Scale Up as Demand Grows

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, US News / By

A wave of consolidation is creating bigger producers better equipped to secure long-term deals with LNG exporters and power-hungry data centers. By Julian Hast The US natural gas industry is evolving fast. At the start of 2024, the top 10 producers included Chesapeake Energy Corp., Southwestern Energy Co., Coterra Energy Inc. and Range Resources Corp. …

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Data Centre Growth Triggers Backlash in Norway Over Power Deficit Concerns

Artificial Intelligence, CDN and International News, Electricity Grid, Energy Topics & Technology, Latest / By

By Nora Buli OSLO, Oct 29 (Reuters) – Forecasts published on Thursday of rapid growth in power demand from data centres in Norway have further underscored concerns among policymakers and energy market operators, ​with one political party calling an emergency debate in parliament next week that ‌may lead to a ban on new data centres. …

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