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Energy
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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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BRICS Leaders, Including China, Russia, and Iran, Convene 11-Nation Summit in New Delhi Amid Global Trade Tensions and Mideast Conflict
Leaders of the 11-member BRICS bloc are meeting in New Delhi, India. The summit takes place as US President Donald Trump's administration has again impacted global trade with tariffs, and the seven-mo
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Danish tanker company Torm (TRMD) saw profits surge by 452% due to the Strait of Hormuz crisis, with its stock price nearing a buy point.
Torm (TRMD), the Danish company operating a fleet of product tankers, saw its profits surge as escalating conflict between the US and Iran in the Strait of Hormuz led to a spike in energy prices.
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Former Trump Economic Advisor Hassett: There's a Big Issue with Diesel Because It's a Refined Product
Former Trump Economic Advisor Hassett: There's a Big Issue with Diesel Because It's a Refined Product
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Bank of America: Investors May Be Regretting Buying European and UK Government Bonds as Soaring Energy Prices Lead to Yield Spikes
Investors who recently bought large amounts of European and UK government bonds may be regretting their decisions as bond prices have fallen sharply, according to a Bank of America survey. The survey
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Crude oil prices climbed back above $100 a barrel this week, with US diesel surging past $6 a gallon for the first time.
Crude oil prices climbed back above $100 a barrel this week, with US diesel surging past $6 a gallon for the first time.
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Bundesbank Chief Nagel: Further ECB Rate Hikes 'Very Much Dependent' on Energy Costs
German central bank chief Joachim Nagel told CNBC on Friday that any potential move by the European Central Bank (ECB) to hike interest rates into restrictive territory would be "very much dependent o
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Indonesian Coal Miners Accelerate Diversification into New Businesses Amid Rising Volatility
Major producers are expanding into critical minerals like lithium and aluminum, as well as gold, solar power, and gasification. This strategy is driven by increasing external volatility and domestic p
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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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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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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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OneKey founder Yishi warns: Some older iPhone models have unfixable chip vulnerabilities, endangering seed phrase storage security.
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