AI Backlash Hits Home in Virginia’s ‘Data Center Alley’

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

House member seeks balanced growth approach while calling industry ‘tone-deaf’ By Michael Shepard Tech Across the Globe SpaceX earnings: Elon Musk’s rocket, satellite and artificial intelligence company reported $4.4 billion in quarterly net income. The results were much better than expected. Salesforce deal: The software company agreed to acquire Braze, an AI marketer, for about …

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Chevron to Sharpen US Gulf Focus With Sale of Older Assets

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

By David French and Sheila Dang Chevron says it is preparing a sale package including stakes in various US Gulf plays Assets earmarked for sale include stakes in Petronius, Tubular Bells, and Llano fields Potential sales likely to raise around $1 billion for the company, ​sources say NEW YORK/HOUSTON, Oct 21 (Reuters) – Chevron (CVX.N) …

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Ranked: The World’s Largest Economies in 2026 – Visual Capitalist

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By Gabriel Cohen Key Takeaways The U.S. is the world’s largest economy by nominal GDP in 2026, while China leads when adjusting for purchasing power. India rises from sixth to third place when measured by purchasing power parity (PPP). Indonesia jumps into the global top 10 under PPP, ranking seventh with an economy worth $5.5 …

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AMERICAN ENERGY SNAPSHOT: Beyond Hormuz – The Pressures Keeping Fuel Markets Tight

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

By API – American Petroleum Institute Middle East crude exports have approached pre-war levels in recent weeks as producers and shippers find ways to keep oil moving. But the recovery has been uneven, and global energy markets continue to face significant volatility with attacks on tankers increasing again in October. But fluctuations in Middle East oil …

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United Airlines Sees Elevated Fuel Costs Through 2027, Flags Margin Challenges

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(Reuters) – United Airlines CEO Scott Kirby said on Wednesday the carrier expects fuel prices to remain elevated throughout 2027. Kirby said achieving United’s goal of double-digit pretax margins next year would probably require lower fuel costs, slower industry capacity growth or airlines continuing to prioritize higher fares over fuller planes. The Iran war has …

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US Crude and Gasoline Stocks Fall, Distillates Rise, EIA Says

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

(Reuters) – US crude and gasoline stocks fell last week, while distillate inventories rose, the US Energy Information Administration said on Wednesday. Crude inventories fell by 3.06 million barrels to 412.5 million barrels in the week ended October 16, the EIA said, compared with analysts’ expectations in a Reuters poll for a 820,000-barrel draw. Crude …

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Saudi Crude Oil Exports Hit Five-Month High in August, Data Shows

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

(Reuters) – Saudi Arabian crude oil exports in August rose by about 7.9% from July to 4.451 million barrels per day, the highest level since March, data from the Joint Organizations Data Initiative showed on Wednesday. The exports rose even as oil production fell to a record low of 6.24 million bpd from 8.135 million …

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Ukraine’s Zelenskiy Says He Supports Ceasefire, Trilateral Talks With US, Russia

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(Reuters) – Ukrainian President Volodymyr Zelenskiy said he hoped for a positive outcome from US envoy Steve Witkoff’s meeting in Russia on Wednesday and that he supports talks between the leaders of Kyiv, Washington and Moscow. Zelenskiy said in an interview with Fox News that his talks with Witkoff in Oslo a day earlier were …

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Goldman Says High Freight Costs Pose Upside Risk to its Brent Forecast

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(Reuters) – The global average crude freight rate remains seven times higher than a year ago and is unlikely to fall sharply while the Middle East conflict persists, posing some upside risk to Goldman Sachs’ Brent price forecast, the bank said in a note dated Tuesday. The global average crude freight rate surged above $20/bbl …

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