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By Leslie Kaufman and Will Wade The US is on track to install record amounts of clean energy this year and next as developers race to claim expiring federal tax credits and as soaring data-center electricity demand stimulates growth. But the same data-center boom is also driving a major expansion of natural gas, undercutting the …
Clean Energy Is Poised to Set New Records in the US Read More »
(Reuters) S&P 500 energy index up 1.8%, tracking higher oil prices Brent crude futures up 2.9% at $109.02 a barrel, after hitting its highest since September 14 US West Texas Intermediate crude rise 2.6% to $100.52 a barrel, crossing $100 for the first time since September 21 Prices gainmore than 3%, heading for weekly gains …
US Energy Stocks Gain as Oil Tops $100 on Supply Fears Read More »
(Reuters) – The United States has issued a request for proposal for an exchange of up to 17 million barrels of crude oil from the nation’s Strategic Petroleum Reserve, the Department of Energy said on Friday. The exchange would be part of a global deal the US struck in Marchto try to control fuel prices …
US Solicits Exchange of Up to 17 Million Barrels of Oil From Strategic Reserve Read More »
(Reuters) – Ukraine’s President Volodymyr Zelenskyy warned the world of looming risks from the diesel deal struck by President Donald Trump with Russia, saying it paves the way for further sanctions relief for an aggressor that shows no desire to end its war. Ukrainians struggling with a fifth year of Russian attacks on their power …
Zelenskyy Warns Against Normalising Deals With Russia After Trump’s Diesel Accord Read More »
(Reuters) – ExxonMobil signaled on Friday that higher refining margins during the third quarter could boost its downstream profit by $4.5 billion compared with the previous three months. Refining margins have soared due to the ongoing Iran war, which has restricted energy exports through the Strait of Hormuz, as well as Ukrainian attacks on Russian …
ExxonMobil Signals $4.5 Billion Refining Earnings Boost as Margins Soar Read More »
EnergyNow Friday Oil Price Report Report Date & Time: October 16, 2026 – 3:05 p.m. MDT – Using Trading View Contract References and Official Settlement Prices See Up-To-Date Prices Here Summary WTI crude settled Friday at US$101.41 per barrel, up US$3.44, or 3.51%, from Thursday’s $97.97 settlement. Compared with last Friday’s $91.85 close, WTI gained …
U.S. drilling activity held steady this week as declines in oil-directed drilling were offset by gains in natural gas and miscellaneous rigs, leaving the national fleet above 600 for a second consecutive week. The U.S. rig count remained unchanged at 603 for the week ended October 16, according to the latest Baker Hughes North America …
U.S. Rig Count Holds at 603 as Oil Drilling Slips and Natural Gas Activity Rises Read More »
(Reuters) – US crude stocks and distillate inventories fell while gasoline inventories rose last week, the Energy Information Administration said on Thursday. Crude inventories fell by 8.6 million barrels to 415.6 million barrels in the week ended October 9, the EIA said, compared with analysts’ expectations in a Reuters poll for a 288,000-barrel draw. “This …
(Reuters) – A potential Trump administration plan to ease sanctions on vessels that have transported sanctioned oil and fuel would likely have limited impact on boosting tanker availability, traders and analysts said on Thursday. Shadow fleet ships still face sanctions from other countries and lack the certification, insurance and maintenance needed to enter mainstream trade. …
US Plan to Ease Shadow Fleet Sanctions Unlikely to Free Up Many Tankers, Analysts Say Read More »
Oct 15 (Reuters) – Venture Global (VG.N) said on Thursday it had signed deals with GE Vernova (GEV.N) and Baker Hughes (BKR.O) to support up to 16 new power generation units, advancing plans to develop off-grid power capacity that could support AI data centers and its LNG operations. The rapid growth of data centers has …
Venture Global Inks Deals With GE Vernova, Baker Hughes for Power Expansion Read More »
