Energy
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Rep. Ro Khanna to introduce "Data Center Bill of Rights" to give communities power to reject AI power plants amid rising utility costs
The resolution aims to empower local communities to reject data center construction, bar facilities within 2,500 feet of homes or schools, and ensure utility bills do not increase due to their energy
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Ukraine's military hit two major Russian oil refineries, including Slavneft-Yanos in Yaroslavl, in long-range drone attacks, causing fire and injuries
Ukrainian President Volodymyr Zelenskyy confirmed the strikes on Thursday, stating they aim to limit Russia's oil revenues used to finance the war. The Slavneft-Yanos facility is one of Russia's bigge
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Nikkei Asia: US-Israel War on Iran Significantly Reshapes Asia's Energy Landscape, US and Russia Emerge as Key Beneficiaries
Nikkei Asia reports that more than five months since the US and Israel went to war with Iran, Asia's procurement sources for oil and liquefied natural gas have shifted significantly, with the United S
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OPEC's oil output rebounded in July, driven mainly by Kuwait, Saudi Arabia, and Iraq, a Bloomberg survey showed.
Bloomberg survey shows OPEC's crude oil production rebounded in July, mainly driven by Kuwait, Saudi Arabia, and Iraq, offsetting some wartime losses. This comes despite opaque shipping data complicat
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Shell CEO Wael Sawan Predicts Oil Prices Will Rise for Years, Citing Expanding Demand and Declining Supply
Shell CEO Wael Sawan stated at a Wall Street Journal conference that the company believes oil prices are set to rise over the longer term, even after the Middle East conflict subsides. Sawan attribute
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Kenya's July Inflation Rises to 6.5% as Fuel Costs Drive Price Growth
Kenya's annual inflation rate slightly increased to 6.5% in July, primarily driven by rising energy costs. This marks the third consecutive month that the inflation rate has surpassed the midpoint of
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Shell Reports Significant Q2 Profit Surge Driven by Oil Refining and Trading Boom
Shell Plc announced a substantial increase in its second-quarter profit, primarily attributed to a booming oil refining sector and robust performance from its energy trading operations. This surge occ
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Saudi Arabia Seeks to Form an International Coalition to Counter Houthi Attacks in the Red Sea
Saudi Arabia is seeking to form an international coalition to protect shipping in the Red Sea from attacks by Yemen’s Houthi rebels. This move is intended to counter the Houthis’ escalating attacks on
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Glencore expects first-half trading profits to reach $3.3 billion, boosted by increased volatility in the oil market due to the war in Iran
Glencore, a commodities production and trading giant, expects its marketing division to post a profit of $3.3 billion in the first half of the year, as sharp market volatility during the war in Iran h
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AI energy provider Bloom Energy reports Q2 revenue exceeding $1 billion for the first time and significantly raises its full-year guidance
AI energy provider Bloom Energy reported its second-quarter 2026 financial results, with revenue surpassing the $1 billion mark for the first time and significantly raising its full-year guidance. The
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Analysis: Not all Bitcoin mining companies can transition to AI; electricity resources have become a core competitive advantage.
Svmuu News: At the inaugural Energy Investment Forum (EIF) held in Dallas, Texas,attendees noted that the AI wave is essentially driving a large-scale energy infrastructure buildout, rather than merel
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SemiAnalysis: As Power Bottlenecks in Data Centers Worsen, Standby Gas Generators Are Shifting to 24/7 Power Supply
Svmuu News: SemiAnalysis posted on X stating that reciprocating engines—traditional backup power equipment for data centers—are shifting from an “emergency backup” role to becoming a primary, round-th
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Crude oil stocks in the U.S. Strategic Petroleum Reserve fell to 311.4 million barrels last week, the lowest level since 1983.
Svmuu News: Crude oil stocks in the U.S. Strategic Petroleum Reserve fell by approximately 5.1 million barrels last week, dropping to 311.4 million barrels—the lowest level since 1983. (Jin Shi)
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Shipping traffic through the Strait of Hormuz has recovered to nearly 60 percent of its pre-war level
Svmuu News: S&P Global Energy reported on the 25th that a total of 78 vessels transited the Strait of Hormuz on the 24th, setting a record for the highest single-day transit volume since the outbreak
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Reaching a new high since mid-April, the number of merchant ships passing through the Strait of Hormuz reached 25 on the 18th
Svmuu News: According to data from the maritime data firm AXS Shipping, a total of 25 merchant ships transited the Strait of Hormuz on the 18th, marking the highest single-day traffic volume since mid
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U.S.-Iran Agreement Allows Tehran to Sell Oil Immediately
Svmuu News: U.S.-Iran Agreement Allows Tehran to Sell Oil Immediately. (WSJ)
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U.S. CPI Preview: Inflationary pressures remain concentrated in food and energy; energy volatility in the Middle East is key to a shift in the landscape
Svmuu reported that Jason Pride, Head of Investment Strategy and Research at Glenmede, said U.S. inflationary pressures are expected to remain concentrated in the food and energy sectors, with core CP
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US CPI Preview: Root Cause of Inflation Extends Far Beyond Oil, Sticky Inflation May Not Fade Quickly
Svmuureports that the market expects the US overall CPI annual rate for May to rise to 4.2% (previous value 2.4%), with the monthly rate falling to 0.5%. This would be the first time CPI has surpassed
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OpenAI Stargate Data Center Faces Energy Bottleneck: Natural Gas Power Integration Challenges Drive Up Costs
Svmuu reported that developers of the OpenAI Stargate data center are facing rising costs due to energy challenges, according to two sources familiar with the matter, as well as engineers and grid exp
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Strait of Hormuz Nears Standstill Again, Shipping Intermittent
Svmuu News Commercial shipping traffic through the Strait of Hormuz has plummeted, with only a few Iran-related vessels passing through, highlighting the intermittent flow through the world's most cri
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Donald Trump defended going to war with Iran at a Florida rally, stating that increased oil flow through the Strait of Hormuz led to lower gasoline prices.
Donald Trump again defended the decision to go to war with Iran at a campaign rally in Florida, reiterating claims of destroying the Iranian navy and air force. He denied that the U.S. provoked the wa
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German Chancellor Merz: The war in Iran has increased Europe's energy costs by over 100 billion euros, and the conflict cannot be resolved through military means.
German Chancellor Merz: The war in Iran has increased Europe's energy costs by over 100 billion euros, and the conflict cannot be resolved through military means.
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UKMTO: Crude Oil Tanker Struck by Unknown Projectile While Exiting Strait of Hormuz
The UK Maritime Trade Operations (UKMTO) reported that a crude oil tanker was struck by an unknown projectile while completing its outbound transit of the Strait of Hormuz. Citing "verified sources,"
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Strait of Hormuz Tensions Escalate: Oman Rescues Burning Tanker Crew, Iran Intercepts Tanker and Destroys Unmanned Vessels
Oman rescued 25 crew members from a burning oil tanker in the Strait of Hormuz on Friday, Al Jazeera reported. Meanwhile, Iran stated it had intercepted three oil tankers attempting to cross the strai
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ExxonMobil's CEO stated that the company plans to invest over $100 billion by 2030 to increase global energy supply.
ExxonMobil's CEO stated that the company plans to invest over $100 billion by 2030 to increase global energy supply.
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Iranian Navy says two oil tankers caught fire after hitting mines in the eastern Strait of Hormuz.
Iran's navy stated that two oil tankers were damaged and caught fire after hitting mines in the eastern Strait of Hormuz. A statement cited by Iranian media claimed that the vessels were operating in
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Russia plans to export 510,000 tons of diesel in October and 2.15 million tons in November, TASS cites Novak.
Russia plans to export 510,000 tons of diesel in October and 2.15 million tons in November, TASS cites Novak.
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Russia's Novak says Ukraine attacked Russian refinery overnight
Russia's Novak says Ukraine attacked Russian refinery overnight
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ExxonMobil CEO Darren Woods: Diesel is a critical bottleneck, with demand remaining high despite limited production capacity.
ExxonMobil CEO Darren Woods: Diesel is a critical bottleneck, with demand remaining high despite limited production capacity.
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Dominion Energy, Inc.(D) Q3: EPS 1.28 USD (above forecast), Revenue 5.62B USD (above forecast)
Dominion Energy, Inc.(D) Q3 EPS: 1.28 USD; Forecast 1.21 USD Revenue: 5.62B USD; Forecast 4.9B USD Reporting period: 2026 Q3 (period ended 2026-09-30) Release date: 2026-10-30
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ExxonMobil's Q3 refining profits hit a record high as Gulf and Russia-Ukraine conflicts pushed up gasoline and diesel prices.
ExxonMobil Holdings Corp. exceeded third-quarter profit expectations, primarily driven by soaring gasoline and diesel prices due to the Persian Gulf and Russia-Ukraine conflict, which propelled its re
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BP's Q3 profit surged to nearly four times year-on-year, reaching $8.5 billion and significantly exceeding expectations, driven by a substantial increase in refining margins.
BP announced its third-quarter results, with underlying replacement cost profit (a proxy for net profit) reaching $8.5 billion, significantly exceeding analysts' expectations of $6.191 billion and app
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BP Profit Hits 18-Year High as Oil Refining Margins Surge
BP Plc said profit surged to the highest in 18 years as soaring refining margins boosted earnings, giving Chief Executive Officer Meg O’Neill a powerful tailwind as she seeks to turn around the beleag
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French economy shrinks 0.1% in Q3
France, the Eurozone's second-largest economy, experienced a 0.1% economic contraction in the third quarter, primarily due to high energy prices and soaring borrowing costs.
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Musk reposted a Tesla Energy tweet promoting Powerwall 3/3P heat pump optimization features, which can save energy costs in the European market.
Musk retweeted a Tesla Energy post promoting Powerwall 3/3P heat pump optimization features, which can save energy costs in the European market. This feature allows Powerwall to increase heating when
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Japan's Marubeni Corporation sees energy and resource bottlenecks from the AI boom as growth opportunities.
Japanese trading house Marubeni Corporation sees the energy and resource bottlenecks caused by the AI boom as a growth opportunity. One of Japan's five largest trading companies, Marubeni plans to exp
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New Jersey Governor Mikie Sherrill threatened to block Russian diesel shipments from reaching U.S. East Coast ports, calling the agreement between Trump and Putin "corrupt and illegal."
New Jersey Governor Mikie Sherrill threatened to block Russian diesel shipments from reaching U.S. East Coast ports, calling the agreement between Trump and Putin "corrupt and illegal."
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Chevron accelerates global oil and gas exploration, targeting undeveloped regions with 50% of capital, after first-half profits exceeded $14 billion
Chevron is accelerating oil and gas exploration in Africa, South America and the Mediterranean, supported by soaring energy profits following the Iran war. The company now allocates 50% of its explora
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Cheniere's Chief Commercial Officer Anatol Feygin states Europe will require an additional 69 million metric tons of LNG this winter and must pull cargoes from Asia.
Cheniere's Chief Commercial Officer Anatol Feygin states Europe will require an additional 69 million metric tons of LNG this winter and must pull cargoes from Asia.
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Iran's navy reported that an oil tanker struck a mine in the eastern Strait of Hormuz, adding that three other tankers had previously struck mines.
The Iranian Navy announced that an oil tanker struck a mine in the eastern Strait of Hormuz, causing hull damage and a fire, rendering the vessel inoperable. Iran's state broadcaster IRIB cited a navy
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IRGC Deputy Commander: Strait of Hormuz will remain closed until Iran's conditions are met
Mostafa Izadi, Deputy Commander of Iran's Revolutionary Guard, stated on Thursday that the Strait of Hormuz will remain closed until Iran's conditions for reopening the waterway are met. He emphasized
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A spokesperson for Iran's Islamic Revolutionary Guard Corps demanded independent evidence from the U.S. military that the Strait of Hormuz has been cleared of mines.
Hossein Mohebi, spokesperson for Iran's Islamic Revolutionary Guard Corps (IRGC), challenged the U.S. Central Command's (CENTCOM) claim that the Strait of Hormuz had been completely cleared of mines,
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Shell reports second-highest profit in history, with record refining margins, due to the Iran war and the Russia-Ukraine conflict limiting global fuel production capacity.
Shell reports second-highest profit in history, with record refining margins, due to the Iran war and the Russia-Ukraine conflict limiting global fuel production capacity.
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South Korea Considers Deploying Maritime Patrol Aircraft to Strait of Hormuz; President Lee Jae-myung Rules Out Combat Deployment
South Korea's National Security Advisor, Wi Sung-lac, stated that Seoul is still considering various options for deployment to the Strait of Hormuz, including sending maritime patrol aircraft. He reve
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ODMCoin (ODMC) Project Review: A Blockchain Attempt at Oil and Gas Waste Treatment
ODMCoin was a project aimed at applying blockchain technology to the oil and gas waste treatment sector, planning to support oil sludge treatment technology through tokenized investments. The project launched its ICO in late 2017 but failed to reach its soft cap target, and all raised funds were returned. Although the team had stated they would continue to advance the project and conducted an airdrop in 2018, current public information indicates that the ODMC token lacks an active trading market, and its trading activity cannot be confirmed.
Energy
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