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Energy
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Global wholesale diesel prices hit ~$180/barrel, could exceed $200 with Gulf hurricane, warns Gulf Oil's Tom Kloza, citing drone attacks on Russian, Saudi, and Libyan refineries.
Wholesale diesel prices have climbed to approximately $180 a barrel on world markets, with Gulf Oil Chief Energy Advisor Tom Kloza warning they could push above $200 a barrel if a tropical storm threa
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Analysis suggests rising energy costs, with US gasoline averaging $4.03/gallon (up from $3.87 a month ago), could reignite August inflation after July's cooling.
Analysis suggests rising energy costs, with US gasoline averaging $4.03/gallon (up from $3.87 a month ago), could reignite August inflation after July's cooling. Falling energy prices, including a 2.9
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Bank of America Plans to Deploy $250 Billion to Boost US AI and Energy Infrastructure
The bank's initiative will involve lending, investing, capital markets, banking, and advisory work to support a new wave of infrastructure investment in data centers, energy, and critical minerals, po
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US Strategic Petroleum Reserve crude oil stocks fell by about 6.1 million barrels last week to 298.7 million barrels, the lowest level since 1983.
US Strategic Petroleum Reserve crude oil stocks fell by about 6.1 million barrels last week to 298.7 million barrels, the lowest level since 1983.
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U.S. Vice President Vance stated that the U.S.-Iran conflict has entered the "mid-game," and Iran has put forward six conditions for reopening the Strait of Hormuz.
U.S. Vice President Vance stated in an interview with Fox News on August 8 that the U.S.-Iran conflict has entered its "mid-game," and that the U.S. is employing a comprehensive approach involving dip
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Yahoo Finance Analysis: First Trust Energy Infrastructure Fund (EMLP) Outperforms Alerian MLP ETF (AMLP) in the Long Run, Making it a Better Energy ETF Choice for 2026
Yahoo Finance analysis indicates that the First Trust North American Energy Infrastructure Fund (EMLP) has delivered an annualized return of 10% over the past 10 years, outperforming the Alerian MLP E
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Hungary's Prime Minister stated that drought and nuclear power plant shutdowns would have a "huge" impact on the economy, with weather-related losses expected to exceed 500 billion forints by 2026.
Hungarian Prime Minister Peter Magyar said the country is facing a drought in its agricultural heartland and a potentially prolonged disruption to nuclear power production, which will have a "huge" im
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Gas prices could remain high this fall despite crude price stabilization, as Ukraine and Iran wars have tightened global refining capacity by millions of barrels per day.
The refining market remains extremely tight due to disruptions from the Ukraine and Iran wars, which have idled an estimated 5 million barrels per day (bpd) of refining capacity, according to Valero C
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Europe's Hydropower Reserves Shrink Due to Summer Heatwaves and Droughts, Threatening Higher Electricity Prices for Months
Europe's Hydropower Reserves Shrink Due to Summer Heatwaves and Droughts, Threatening Higher Electricity Prices for Months
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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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BBC: Zelenskyy says Russia attacked energy facilities in four regions; humanitarian ceasefire in parts of Kherson originally set to end Sunday evening
According to the BBC, Ukrainian President Volodymyr Zelenskyy stated that Russian attacks on energy infrastructure in four regions of Ukraine from Saturday night to Sunday left hundreds of thousands w
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Sources: Pakistan LNG carrier Al Mayeda received Iranian security clearance before attack near Strait of Hormuz
Sources: Pakistan LNG carrier Al Mayeda received Iranian security clearance before attack near Strait of Hormuz
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Negotiations continue in the Strait of Hormuz after the attack on a Qatari LNG tanker.
Al Jazeera Live Updates reported that a Qatari LNG tanker was attacked in the Arabian Gulf on Friday, with no one claiming responsibility so far. Against the backdrop of this incident, negotiations ar
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Pakistan refineries report 1,860% profit surge for Q3
Pakistan's major oil refineries reported a nearly twentyfold (1,860%) surge in combined profit for the latest quarter through September, benefiting from increased refining margins amid global energy d
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CNBC: Donald Trump once promised to cut energy costs, but gasoline prices are up nearly 40% year-over-year, and diesel is up 70%.
According to CNBC, during his campaign, U.S. President Donald Trump promised to lower gasoline prices to under $2/gallon in his first year in office and to cut energy prices by half or more within 12
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Norwegian company bets $100 million in Mercuria Energy Group vs. Baltic Exchange case
Norwegian companies have placed a $100 million bet in the case between Mercuria Energy Group and the Baltic Exchange. This week, Mercuria Energy Group's lawyers presented their case against the Baltic
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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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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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