U.S. Power Grid Set for 1,080 GW Generation Expansion by 2050

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Battery storage leads new capacity additions at 376 GW as demand growth and reliability needs sustain investment in natural gas and nuclear power CALGARY, Alberta (Oct. 21, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, is releasing its latest long-term capacity expansion research, projecting 1,080 gigawatts (GW) …

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North Dakota Oil Companies Speed Up Well Completions as Prices Rise, State Regulator Says

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(Reuters) – US oil and gas companies are accelerating well completions and boosting production in North Dakota, the nation’s third-largest oil-producing state, encouraged by high crude prices, state officials said on Tuesday. “Operators are acting more quickly to move wells to production to capitalize on elevated oil prices,” Richard Suggs, a geologist with North Dakota’s …

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Phillips 66 Locks Out Union Workers at New Jersey Refinery After Contract Expires

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(Reuters) – Phillips 66 has barred nearly 400 union workers from its Bayway refinery in Linden, New Jersey, after the collective bargaining agreement and an extension of the contract expired. The labor dispute at Bayway, the largest refinery on the U.S. East Coast, comes as gasoline and diesel prices remain elevated amid disruptions to global …

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North Dakota Oil Production Up 3,000 bpd in August vs July to 1,161,000 bpd – State Regulator

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(Reuters) – Oil production in North Dakota rose 3,000 barrels-per-day (bpd) to 1,161,000 bpd in August, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,133,000 bpd in the month. The data was released on the North Dakota Industrial Commission’s general statistics webpage and has been rounded to …

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Iran Prolongs Talks in Stalemate to Influence US Midterms, Officials Say

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(Reuters) – Iran has deliberately prolonged talks with the US to try to weaken Donald Trump politically ahead of November’s US midterm elections, senior officials say, while fears of renewed military action and deep distrust of Washington have reinforced Tehran’s reluctance to strike a quick deal to end the war. Three senior Iranian officials and …

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Asian Refiners Use Smaller Tankers, Buy Delivered Crude as Freight Rates Soar

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(Reuters) – Asian refiners are turning to options such as using smaller tankers and vessels on long-term charter, and buying Middle East crude on delivered basis to cut feedstock costs as freight rates hover near records, company officials said. Spot rates for oil tankers hit all-time highs in early October as Middle East producers ramped …

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Oil Majors Face Spending Test From Iran War Windfall Cash

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(Reuters) – Oil majors are set to post a big jump in third-quarter profit as the US-Israeli war on Iran has boosted refining and trading results, while investors will monitor how wisely they use their cash piles and whether they resist a spending spree. The severe disruption of the Strait of Hormuz since US-Israeli airstrikes …

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IEA Oil Stocks Release Timing is up to Individual Members, Chief Says

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LONDON, Oct 20 (Reuters) – The timeline for the release of 20 million barrels ​of diesel from International Energy Agency ‌members’ emergency reserves depends on individual countries and the oil market situation, the ​agency’s top official said on ​Tuesday. The IEA decided last week to accelerate ⁠the release of oil remaining ​from a record emergency …

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Russian Diesel Returns to Familiar Destinations Following Export Ban Lift, Shipping Data Shows

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  LONDON, Oct 20 (Reuters) – Russian diesel cargoes are returning to their main previous ​customers following the US-brokered lifting of Moscow’s ‌export ban, with at least two tankers signaling voyages to Turkey and Brazil in recent days according to ​shipping data from Kpler and LSEG. Usually the ​world’s second-largest exporter of diesel after the …

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‘REDUNDANT’? – Hormuz Could be ‘Redundant’ in Five Years, Replaced by New Routes, HSBC CEO Says

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  DUBAI, Oct 20 (Reuters) – Investment in alternative logistics routes in the Gulf to mitigate the impact of ​the Iran war could make the Strait of Hormuz “redundant” in the ‌next five years, HSBC Group Chief Executive Georges Elhedery said on Tuesday. The conflict has highlighted the world’s heavy reliance on the strategic waterway, …

‘REDUNDANT’? – Hormuz Could be ‘Redundant’ in Five Years, Replaced by New Routes, HSBC CEO Says Read More »

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