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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

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(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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OPEC Again Lowers 2026 Global Oil Demand Growth Forecast

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

Summary Cuts 2026 oil demand growth forecast by further 200,000 bpd amid Iran war impact OPEC+ output drops by 190,000 bpd in May, led by Iran facing US blockade Raises ​2027 demand growth prediction (Reuters) – OPEC on Thursday lowered its forecast for world oil demand growth in 2026 to 970,000 barrels per day, the …

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Oil Falls as Traders Digest Escalation in US-Iran Strikes

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Iran closes Strait of Hormuz, threatens to fire on vessels attempting passage Talks intensifying to reach deal, Iranian sources say U.S. launches additional strikes on Iran, escalating tensions after fragile ceasefire U.S. crude inventories fall sharply, EIA reports 7.2 million barrel crude draw (Reuters) – Oil prices ‌fell on Thursday, following earlier gains triggered …

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Trans Mountain Pipeline in Canada Hits Full Capacity Two Years After Expansion

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  Canada’s Trans Mountain pipeline is running at full capacity for the first time since the completion of a major expansion two years ago, but an executive said Wednesday that ongoing global turmoil makes predicting future capacity rates difficult. * The 890,000-barrel-per-day pipeline, which carries oil from the province of Alberta to British Columbia’s west …

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US Offers to Loan Up to 40 Million Barrels of Oil From Strategic Petroleum Reserve

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

(Reuters) – The U.S.is seeking to loan energy companies up to 40 million barrels of crude oil from the Strategic Petroleum Reserve to help push fuel prices down, the Department of Energy said on Wednesday. The latest U.S. offer to loan the oil is part of a previous U.S. agreement to release 172 million barrels …

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