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Energy
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Ukraine Says It Attacked Major Russian Oil Refinery in Yaroslavl
Ukraine stated it struck the oil refinery in Yaroslavl, one of Russia’s largest fuel-producing plants. This is the latest in a series of attacks that have sparked a new wave of gasoline shortages acro
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Iran's Deputy Oil Minister Says Around 40% of Damaged South Pars Gas Field Capacity is Back into Production
Iran's Deputy Oil Minister Says Around 40% of Damaged South Pars Gas Field Capacity is Back into Production
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Fed's Schmid: Energy Shock Is Leaking Into Economy
Fed's Schmid: Energy Shock Is Leaking Into Economy
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Strait of Hormuz traffic drops 95% to five vessels daily, disrupting global shipping and energy flows
Six months into the US-Israel war on Iran, the closure of the Strait of Hormuz has caused one of the worst maritime shipping disruptions in decades. Traffic through the critical chokepoint has fallen
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U.S. and Russia Intensify Competition for Dominance in India's Growing Energy Market
India, the world's third-largest energy market, is becoming a key battleground as the U.S. and Russia vie for market share. Russia has become India's largest crude supplier, accounting for over 50% of
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Europe Imports Diesel from Mexico for First Time in Seven Years Amid Tight Supply
Europe's diesel supply situation has become so tight that the region is drawing on imports from Mexico, as the Iran war and a halt in Russian cargoes have upended historical trade flows.
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Iran and Russia held constructive talks with Gazprom to advance a major gas cooperation project, which would deliver Russian natural gas to Iran via Azerbaijan.
Iran stated that this initiative could strengthen energy ties with Moscow and support its ambition to become a regional energy hub, with supplies received at Astara.
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Two killed, refinery on fire in Russia’s Krasnodar after Ukraine drone attack
A fire broke out at the Afipsky oil refinery in Russia’s Krasnodar region following a drone attack, which local authorities attributed to Ukraine. At least two people were killed and two others injure
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Russia may extend its diesel export ban into September, according to three sources.
Russia may extend its diesel export ban into September, according to three sources.
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TotalEnergies CEO stated that the cost of transporting an oil cargo on a supertanker through the Strait of Hormuz is approximately $20 million.
TotalEnergies CEO stated that the cost of transporting an oil cargo on a supertanker through the Strait of Hormuz is approximately $20 million.
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Ukraine Offensive Leads to Fuel Shortages in Russia, Causing Gasoline Prices to Soar in Central Asian Countries and Prompting Them to Seek Alternative Supplies
Ukrainian drone attacks have damaged Russian oil refineries (e.g., the Omsk refinery in Siberia was shut down in early July), leading to domestic fuel shortages and "fuel tourism" in Russia. Central A
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Six months since the war between the United States and Israel against Iran began, gasoline prices have risen in at least 145 countries worldwide, with Myanmar seeing the largest increase at 56%, and the United States experiencing a 39% rise.
Al Jazeera, citing GlobalPetrolPrices data, reported that gasoline prices have risen in at least 145 countries worldwide since the United States and Israel went to war with Iran six months ago. Among
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China's Ulanqab City Transforms from Traditional Animal Husbandry to Becoming an Energy Supplier for China's AI Computing.
This city, once famous for its livestock industry, now sees wind turbines coexist with livestock, powering China's AI computation amid the global artificial intelligence boom.
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Central Asia Power Outage Puts Deeper Grid, Data Center Plans Under Scrutiny
A recent power outage, which Kyrgyzstan identified as originating from its Toktogul hydropower plant, affected four countries in the region, prompting scrutiny of Central Asia's plans to boost energy
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French President Macron to host Saudi Crown Prince Mohammed bin Salman in Paris for two-day talks on energy, regional conflicts, and bilateral cooperation
The visit, starting Sunday evening with the Esports World Cup closing ceremony, will include discussions on energy routes that could bypass the Strait of Hormuz, the Iran conflict, Gaza-Israel, and de
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Nigeria's Minister of State for Petroleum Resources: Iran conflict prompts Nigeria to expand natural gas production to meet international demand
Nigeria's Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, stated that the US-Israel conflict with Iran has prompted Nigeria to expand its natural gas production. He noted that the sit
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Analysis suggests Energy Transfer (ET)'s 6.3% dividend yield could survive an oil price downturn
Analysis indicates that although Energy Transfer (ET) halved its dividend during the energy downturn in 2020, this move was aimed at strengthening its balance sheet. Its debt-to-EBITDA ratio has now d
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CNBC: Energy Sector in Focus Amid Iran Conflict, Low European Gas Inventories, and Rising US Diesel Prices
The article points out that Europe's natural gas storage levels are lower than last year and at the bottom of the rolling average, facing the risk of energy shortages in winter. At the same time, US d
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Financial Times: Western refinery closures to continue despite war shock
The Financial Times reported that North America and Europe will further lose their ability to convert crude oil into gasoline, diesel, and jet fuel, despite facing the impact of war.
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India approves incentive scheme to promote piped natural gas connections as Iran war drives up LPG costs
The Indian government has approved a "Scheme to Incentivize Domestic Piped Natural Gas Connectivity" aimed at increasing the supply of cooking gas to households. This move comes as the Iran war has di
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South African coal producer Thungela Resources' first-half profit doubled, influenced by the war in Iran, as the closure of the Strait of Hormuz led to a tightening of global energy supplies.
Al Jazeera reported that the US-Israel war with Iran disrupted global crude oil and natural gas supplies, leading to the closure of the Strait of Hormuz, which obstructed about one-fifth of the world'
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Heirs of the late Latin American tycoon Oswaldo Cisneros accuse the Venezuelan government of confiscating their oil drilling rights and awarding them to a U.S. company.
Heirs of the late Latin American tycoon Oswaldo Cisneros accuse the Venezuelan government of unjustly confiscating their family's oil drilling rights and awarding them to an American company. This mov
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Politico: Several independent U.S. oil producers are expected to sign production contracts with Venezuela's state oil company PdVSA on Tuesday.
The agreements are expected to significantly expand U.S. energy involvement in Venezuela, according to Politico, citing three sources familiar with the matter. The signing ceremony is anticipated to t
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U.S. diesel refining margins surge to record $102/barrel amid global supply crunch, with inventories at lowest late-August level since 1996
U.S. diesel refining margins surge to record $102/barrel amid global supply crunch, with inventories at lowest late-August level since 1996. Supply disruptions linked to the U.S.-Iran war, Strait of H
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U.S. Senator Heinrich Blocks Bipartisan Bill to Curb AI Data Center Utility Costs
U.S. Senator Martin Heinrich (D-N.M.) on Thursday blocked bipartisan legislation, the Ratepayer Protection Act, aimed at preventing utility cost increases related to AI data centers. Heinrich, the top
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Saudi Aramco seeks fuel supplies in the Mediterranean region after attacks on its energy facilities.
Saudi Aramco has been seeking to procure thousands of tons of diesel in the Mediterranean region after a series of attacks on its energy facilities in recent weeks.
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JERA CEO Yukio Kanno expects LNG spot prices to continue rising due to low European inventories and supply disruptions in the Strait of Hormuz.
JERA CEO Yukio Kanno expects LNG spot prices to continue rising due to low European inventories and supply disruptions in the Strait of Hormuz.
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Goldman Sachs warns: Soaring AI energy demand is equivalent to "rebuilding Japan," with turbines, transformers, and political resistance becoming the biggest bottlenecks.
Goldman Sachs' latest research warns that from early 2024 to the end of 2030, the additional electricity consumption from AI will be equivalent to the total electricity consumption of Japan, the world
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"New Fed News Agency" Nick Timiraos: Energy Shocks and AI Investment Are Changing the Inflation Landscape
Nick Timiraos, a reporter for The Wall Street Journal, noted that this rate hike reflects a changed inflation environment for the Federal Reserve. He believes that rising energy prices due to the war
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U.S. EIA crude oil inventories changed by -640,000 barrels for the week ended September 11, compared to an expected -1.6 million barrels and a prior reading of -391,000 barrels, above expectations.
U.S. EIA crude oil inventories changed by -640,000 barrels for the week ended September 11, compared to an expected -1.6 million barrels and a prior reading of -391,000 barrels, above expectations.
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US Energy Secretary Wright states that getting more flow through the Bab el-Mandeb Strait would be helpful.
US Energy Secretary Wright states that getting more flow through the Bab el-Mandeb Strait would be helpful.
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UK inflation jumps to 3.1% as energy costs soar
UK inflation jumps to 3.1% as energy costs soar
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Vietnam Warns of Blackouts From 2027 as Power Projects Stutter
The country's trade ministry stated that power-generation and grid projects are falling behind schedule, with only 5% of projects under a national growth plan having gone into operation due to issues
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U.S. Senate Republican leaders are considering discussions on a diesel export ban after U.S. diesel prices hit a new all-time high of $6.27 per gallon on Tuesday.
The U.S. Senate Republican leader stated he is open to discussing an export ban on diesel. This follows Tuesday's record-high average U.S. diesel price of $6.27 per gallon, up about 80 cents from a mo
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Ukrainian Attacks on Russian Refineries Impact Trump's Announced Russia-Ukraine "Energy Ceasefire" Deal
US President Donald Trump announced on Monday, September 14, ET, that Russia and Ukraine had agreed to cease mutual attacks on energy targets. However, Ukrainian President Volodymyr Zelenskyy later co
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Indonesia's state-owned energy company Pertamina is considering investing in upstream oil and gas projects in Guyana and Suriname to enhance energy security.
The Indonesian government stated that this move aims to diversify Indonesia's oil and gas supply and reduce its reliance on Middle Eastern imports. Grata Endah Werdaningtyas, Director General for Amer
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Kremlin: World energy prices will go down if sanctions are lifted
Kremlin: World energy prices will go down if sanctions are lifted
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China and India's LNG Demand Expected to Surge When Prices Normalize, Industry Executives Say
Industry executives at the Gastech conference stated that depressed LNG demand in China and India is a result of spiking prices due to the Middle East conflict. They anticipate consumption in these ke
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South Korea plans to cut the number of new transmission towers by up to 40% to meet the growing electricity demand from data centers and semiconductor factories.
South Korea plans to cut the number of new transmission towers by up to 40% to meet the growing electricity demand from data centers and semiconductor factories.
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Houthi rebels launched a large-scale attack on a Saudi airbase and oil pipelines, causing international oil prices to surge over 4%, with Brent crude trading at $109.18 per barrel.
Yemen's Houthi rebels launched dozens of ballistic missiles and drones at Saudi Arabia's King Khalid Air Base in Khamis Mushait, southwestern Saudi Arabia, on September 14, and attacked a pumping stat
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TotalEnergies (TTE) Plans $10 Billion Investment in Angola's Offshore Oil Over Next Five Years
The investment aims to maintain and potentially increase the company's oil production in Angola, where it currently operates at around 450,000 barrels per day. Key projects include the $6 billion Kami
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Musk posted that AI data centers are leading to lower consumer electricity prices.
Musk posted that AI data centers are leading to lower consumer electricity prices. He reposted news about Georgia Power's large electricity contracts, primarily with data centers, stating that these c
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Moody's: AI Boom to Drive $110 Billion U.S. Power Buildout by 2030, Data Centers Could Consume 10% of U.S. Electricity
According to Moody's, America’s data center boom will require $110 billion to add 45GW of power capacity through 2030. More than 30GW is expected to come from natural gas, requiring an extra 4 billion
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FT: Saudi Arabia's energy supplies hit amid spreading war, threatening Trump and MBS as winter nears
The Financial Times reports that a spreading war has impacted energy supplies from Saudi Arabia, posing a threat to Trump and MBS as Europe and the US head into winter.
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U.S. Energy Secretary Wright: Trend in 7-day rolling average of oil shipments through Hormuz is rising and will continue to rise
U.S. Energy Secretary Wright: Trend in 7-day rolling average of oil shipments through Hormuz is rising and will continue to rise
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Baker Hughes CEO sees no slowdown in energy projects despite higher rates, citing robust LNG demand from AI buildouts
Baker Hughes Chairman and CEO Lorenzo Simonelli stated that the company has not observed a slowdown in major energy project investments, attributing this to strong demand for natural gas and power dri
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Japan is considering building a next-generation fast breeder nuclear reactor to reduce its reliance on imported uranium
The move comes as China and Russia lead in the development of this technology, which Japan hopes will enhance its energy independence. The Japan Atomic Energy Agency's prototype fast breeder reactor,
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Saudi Arabia says its East-West oil pipeline was hit by drones launched from Iraq
Iraq condemned the attack, with Prime Minister Ali al-Zaidi ordering an investigation into those responsible. Saudi Arabia stated it would not retaliate for now following a request from Baghdad, while
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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
24H Trending
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Musk reposted a tweet stating that OpenAI's AI agents are conducting "self-adventurous experiments" in a "safety sandbox," even pressuring each other for "permanent death" in exchange for collective benefit.
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Houthis attack Saudi capital and Aramco facilities, US warns of "rapid escalation" of conflict, Saudi Arabia urgently seeks aid from multiple countries.
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Hong Kong to expand renminbi-denominated bond, gold and commodity markets, says Financial Secretary Paul Chan
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OpenAI is in preliminary discussions with investors for a new private funding round, potentially valuing the company at over $1.2 trillion.
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NVIDIA VP: Vera Rubin Platform Achieves 30x Throughput Increase on Agentic AI Workloads
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Musk reposted a SpaceX tweet, confirming the deployment of 27 Starlink satellites.
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Goldman Sachs: Market "pricing in 4 rate hikes" is overly pessimistic, expects only two rate hikes in this cycle.
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NVIDIA VP: Agentic AI to Boost Computing Power Demand 100-fold, Altering Traditional Scheduling Models
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Big Tech uses guarantees to keep $300bn of AI exposure off balance sheets, with Wall Street facilitating cheaper funding
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Google executive says Asia's AI adoption is outpacing perception, with demand rising for cost-effectiveness
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