energy

ExxonMobil increased its stake in Mozambique's Rovuma LNG project via asset exchange with Eni, consolidating exposure to Africa's largest gas discovery.

BP crushed Q3 estimates with $8.46B net income, 54-cent EPS, and $14.8B operating cash flow, while cutting net debt to $13.9B—strong momentum for valuation re-rating.

BP beat Q3 EPS by 17 percent and cut net debt below expectations, giving management fresh ammunition for shareholder returns.

Surging electricity demand from AI infrastructure is accelerating investment in grid modernization technology, with startups offering software and hardware solutions to aging power networks.

As data centers strain aging U.S. electrical grids, superconductor cables and grid-management software are attracting venture capital to solve a critical infrastructure bottleneck for AI scaling.

EQT's all-stock acquisition of Range Resources targets $20 billion in five-year free cash flow as combined company bets on LNG exports and U.S. data center demand

Electricity price volatility in Europe is approaching 2022 crisis levels, driving arbitrage opportunities for battery storage operators this winter.

A reported energy agreement between President Trump and Vladimir Putin has prompted concern from British officials about potential pressure on Ukraine amid the ongoing conflict

Industry leaders at the Bloomberg New Economy Forum in New Delhi outlined strategies to scale energy supply and de-risk long-duration infrastructure projects.

U.S. stock indices gained as investor fears over artificial intelligence valuations and energy supply pressures eased before corporate earnings reports.

Senator McCormick cited lower inflation and manufacturing gains, but truckers and farmers say record diesel prices are squeezing them during harvest season.

BP's Whiting refinery proposed a six-year labor contract to the United Steelworkers, shifting to skills-based progression and offering a 13 percent average raise over four years.

The average cost of a liter of diesel climbed to 199.18 pence, exceeding the previous peak set in June 2022 as geopolitical conflicts disrupt global supply chains.

Tehran says explosions occurred near Qeshm Island hours after President Donald Trump dismissed Iran's diplomatic proposal to reopen the critical waterway.

Berkshire Hathaway Energy posted $2 billion in first-half profits and is positioning itself to capture AI infrastructure demand, but permitting delays are the constraint.

Aramco cancels European crude cargoes after drone attack closes East-West pipeline, eliminating the Strait of Hormuz bypass as global crude inventories near depletion.

ExxonMobil's 275,000 barrel-per-day facility went offline Monday as Midwest refining runs near 98 percent utilization, leaving no slack for unplanned disruptions.

Warehouse retailer restricts Kirkland Signature and Mobil 1 purchases and raises prices as Middle East supply cuts drive oil benchmarks higher

Brent crude jumped 3% to $107 on Middle East supply disruptions, forcing bond traders to reprice terminal rate expectations and duration risk.

Costco nearly doubled the price of Kirkland Signature synthetic motor oil to $57.99 per 10-quart case and imposed purchase limits, signaling how tight global lubricant supplies have become.

A unanimous appeals court panel ruled the Energy Department lacked authority to force a 64-year-old Michigan power plant to stay open, rejecting claims of emergency.

Iberian Peninsula wholesale data reveals structural oversupply: Q1 2026 saw negative pricing eight times higher than 2025, exposing battery storage as the binding constraint in Europe's renewable transition.

The Trump administration's DOE committed up to $1.9 billion to bring the Duane Arnold Energy Center back online, part of the White House's push to expand nuclear power.

Atlantic Basin refining cracks surged to all-time highs in July as global refinery throughput lagged year-earlier levels by nearly 5 million barrels per day.

Bloom Energy's $69.4 billion market cap enters the S&P 500 on Sept. 21, attracting passive capital to its fuel cell infrastructure bet—but dilution risk and project execution remain critical watch points.

Flash data shows HICP and national CPI both at 2.9 percent year-over-year, but energy prices jumped 10.5 percent from July's 8.3 percent, keeping headline inflation 90 basis points above the ECB's 2 percent target.

Sinopec Chairman Hou Qijun told investors that Chinese oil consumption reached its peak this year, years earlier than most forecasts, driven by electrification and clean-energy targets.

West Texas Intermediate dropped to near $85 and Brent to around $93 as profit-taking hit a market awaiting Washington's full sanctions announcement targeting Iran's economy.

Two-to-four-year lead times for grid-scale power transformers mean hyperscalers who ordered equipment years ago now hold a structural competitive advantage over rivals still waiting.

TotalEnergies CEO Patrick Pouyanne puts the all-in freight and insurance cost at $10 per barrel—far below the $25-$30 discount Iraqi crude commands, keeping the arbitrage profitable despite war risk.

The midstream operator's $500 million increase in 2026 capex and 7.2% dividend yield attract Wall Street upgrades as energy demand surges.

Oil Minister Paula Henao secured contracts with SLB and Hunt Oil by embedding foreign arbitration rights into Venezuela's revised hydrocarbons framework, but U.S. sanctions authority remains the limiting variable.

The two industrial firms are jointly developing a solid-state transformer rated to 36 kV AC that cuts grid-to-rack power conversion to a single step.

Spot ethylene posted its third straight weekly loss and PGP its fourth as June export demand cools from the spike driven by the Iran conflict.

207 solar projects and 95 battery installations led 368 new utility-scale plants in the first half, with New Mexico's SunZia wind complex setting a national capacity record at 3,650 megawatts.

The Orsk refinery shutdown—six months of repairs, 6 million metric tons of annual capacity offline—has pushed Orenburg Oblast into license-plate-based gasoline rationing.

Microsoft, Amazon, Google and Meta are committing billions to dedicated energy supplies as data center demand outpaces what the national grid can deliver.

Cargo boats sit grounded near Sarengrad as 78 percent of Danube measuring stations record extreme low levels, with temperatures forecast to reach 40 C in parts of Serbia.

President Trump said a deal to reopen the Strait of Hormuz could be announced as early as Wednesday, potentially dropping U.S. gasoline prices to $2.50 per gallon.

Drought-driven low water levels on Europe's key rivers are halting chemical and oil shipments, forcing nuclear plants to cut output and driving up transport costs.

The National Economic Council approved the facility for NNPC Limited, replacing a $3.3 billion arrangement and freeing capital for infrastructure spending.

Italy surpassed Germany and France in July LNG intake, with state subsidies and guarantees allowing utilities to absorb spot prices above $12 per million BTU.

Analysts say Washington faces a 100-day political window to de-escalate the Iran conflict, a move that could flood markets with sidelined crude.

President Trump's order to blockade the Strait of Hormuz sent energy prices higher and introduced immediate uncertainty into global trade routes.

Energy Select Sector SPDR Fund offers exposure to major oil and gas producers benefiting from seasonal consumption increases and stable crude prices above $80 per barrel

President announced agreement to open critical oil transit route after calls with regional leaders, with details coming soon

Secret Oman talks target lifting sanctions for Iranian oil exports and $10 billion in frozen funds, but Capitol Hill opposition mounts

Executive Director Fatih Birol said the agency stands prepared to coordinate additional strategic petroleum reserve releases if member nations request action

General Asim Munir's visit seeks to stabilize a volatile border and secure energy supplies, drawing Washington's attention to potential sanctions risks

President's 'no hurry' stance on Tehran negotiations maintains sanctions, boosting weapons contractors and Saudi energy leverage