Soaring demand for power generation, the U.S. goal of quadrupling nuclear electricity generation by 2050, and a looming ban on Russian nuclear fuel imports could create a bottleneck in the nuclear fuel supply chain, according to U.S. enrichment company Centrus Energy. The American supplier of the key nuclear fuel is expanding domestic enrichment capacities, and so are other major Western firms. But until the new plants come online early next decade, the U.S. could face a supply gap in the fuel, Amir Vexler, chief executive at Centrus Energy, says.…

OPEC+ is likely to consider increasing oil output by 137,000 barrels per day (bpd) for April 2026, ending a three-month pause in hikes as they prepare for peak summer demand and navigate market share strategies, Bloomberg reported on Wednesday ahead of a scheduled cartel meeting on March 1.   The group had previously implemented 137,000 bpd hikes in late 2025 before pausing increases for the first quarter of 2026 in a bid to avoid creating a supply surplus. Unwinding previous output cuts will allow key members such as Saudi Arabia and…

US President Donald Trump used the longest State of the Union address in US history to repeat the threat of military action against Iran if diplomacy fails -- and pledged to keep negotiating to end the war in Ukraine. Speaking for nearly one hour and 50 minutes, Trump used the joint session of Congress to frame his administration’s achievements as the dawn of a "golden age." The speech was an opportunity to focus on domestic policy ahead of November’s midterm elections, but Trump also restated key priorities on foreign affairs and global…

Bahri, the national shipping carrier of the world’s top crude exporter, Saudi Arabia, has provisionally chartered at least five supertankers to ship oil to Asia amid soaring tanker rates not seen in six years.  Bahri has hired at least five very large crude carriers (VLCCs), the supertankers capable of shipping 2 million barrels of crude each, as daily rates on the key Middle East-to-China route surged above $200,000 for the first time since 2020, Bloomberg reports. The freshly chartered supertankers are expected to ship Saudi crude…

Crude oil inventories in the United States increased by 16 million barrels during the week ending February 20, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 435.8 million barrels according to government data, which is still 3% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories rose by a massive 11.4 million barrels in…

Storms in the Black Sea and alerts of potential drone attacks at a key loading terminal are slowing the ramp up of crude oil production at Kazakhstan’s giant Tengiz oilfield, industry sources told Reuters on Wednesday.  The huge field, capable of producing 950,000 barrels per day, was forced to shut down last month following a fire at the site that damaged critical power supply.  Since then, the field, operated by a Chevron-led consortium, has resumed operations and has been gradually raising production.  However, the pace…

Storms in the Black Sea and alerts of potential drone attacks at a key loading terminal are slowing the ramp up of crude oil production at Kazakhstan’s giant Tengiz oilfield, industry sources told Reuters on Wednesday.  The huge field, capable of producing 950,000 barrels per day, was forced to shut down last month following a fire at the site that damaged critical power supply.  Since then, the field, operated by a Chevron-led consortium, has resumed operations and has been gradually raising production.  However, the pace…

For more than a decade, the United States has treated rare earth independence as a mining problem. But the real vulnerability is further downstream. That’s where rare earths are turned into metals and become a part of the American military machine and its industrial backbone. That capability largely disappeared from North America, and rebuilding it is far more complicated than reopening a mine. Tim Johnston, co-Founder of Realloys (NASDAQ: ALOY), the only North American company that takes heavy rare earths to the magnet finish line, says…

For more than a decade, the United States has treated rare earth independence as a mining problem. But the real vulnerability is further downstream. That’s where rare earths are turned into metals and become a part of the American military machine and its industrial backbone. That capability largely disappeared from North America, and rebuilding it is far more complicated than reopening a mine. Tim Johnston, co-Founder of Realloys (NASDAQ: ALOY), the only North American company that takes heavy rare earths to the magnet finish line, says…

The average UK energy bill is set to drop by about 7% from April, to the lowest in almost two years, as the government has shifted part of the costs for supporting renewables from the household bills to general taxation.   From?April 1 to June 30, 2026, energy prices will go down by or 7%, or by £117, ($158), for a typical household who use electricity and gas and pay by Direct Debit, the UK’s energy market regulator Ofgem said on Wednesday in its quarterly energy price cap announcement.      The UK…

Previously, we reported that the U.S. Shale Patch has witnessed a big slump in corporate buyouts in recent years as premium acreage depletes and volatile energy prices keep buyers on the sidelines. Following a record $192 billion in mergers and acquisitions announced in 2023 and $105 billion in 2024, U.S. upstream oil and gas M&A activity totaled just $65 billion in 2025, despite a late-year rebound with $23.5 billion in deals announced in the fourth quarter. However, the situation could not be more stark in America’s neighbor to the…

Big legacy U.S. and European automakers are frantically dialing back their electric vehicle bets, scaling back once-hyped roadmaps to full electrification as demand for these vehicles implodes. The latest automaker to reverse course is not a mass-market sedan or SUV maker, but a luxury supercar brand: Lamborghini. CEO Stephan Winkelmann told the UK's The Sunday Times that he has ended plans to build EVs, saying customers are not seeking quiet supercars and that demand has collapsed. Winkelmann said that EV development risked becoming…

It’s been a volatile year for clean energy markets. Despite major policy shifts impacting green industries, global renewable energy investment hit a record high in 2025. A closer look at last year’s figures reveals a high level of ambivalence in the marketplace, with a sharp drop in clean energy investments in the United States in the last corner, but a surprising resurgence of clean energy dealmaking over the same time frame. The electric vehicles sector, in particular, is already showing signs of sharp contraction after the Trump…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 11.4 million barrels in the week ending February 20, after falling by 609,000 barrels in the week prior. Analysts had expected a smaller build of 1.85 million barrels. Inventories in the US Strategic Petroleum Reserve (SPR) keep climbing week after week. The Department of Energy (DoE) reported that crude oil inventories stayed at 415.4 million barrels in the week ending February 20. This is 310.1 million barrels shy of maximum capacity. US production…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 11.4 million barrels in the week ending February 20, after falling by 609,000 barrels in the week prior. Analysts had expected a smaller build of 1.85 million barrels. Inventories in the US Strategic Petroleum Reserve (SPR) keep climbing week after week. The Department of Energy (DoE) reported that crude oil inventories stayed at 415.4 million barrels in the week ending February 20. This is 310.1 million barrels shy of maximum capacity. US production…

Russia’s pipeline operator Transneft has cut crude intake into its system by roughly 250,000 barrels per day after damage at the Kaleykino pumping station in Tatarstan, according to Reuters sources. Kaleykino is a key blending and dispatch hub that can pump about 1 million bpd and feeds crude into the Druzhba pipeline network as well as export routes to Primorsk on the Baltic and Novorossiisk on the Black Sea. It is also where different crude streams are mixed into the Urals export grade. The Druzhba system alone has capacity of about 1.4…

The Winter Olympics are over, but their energy supplier, Enel, is rightly proud of the feat it pulled off: 100% low-carbon electricity supply for the games. But there is a twist. That 100% was only possible thanks to one thing: carbon credits. The energy major reported it was supplying 85 GW of electricity to the Olympics and Paralympics, yet not all of those gigawatts came from wind and solar installations. Some of them did, but the rest came from baseload generation facilities, “cleaned up” with so-called “guarantee of origin”…

A rethink of the European Union’s (EU) Arctic policy could keep Norway’s Barents Sea gas in play in the 2030s, offering Europe a nearby, low-emission supply option as its reliance on the global liquefied natural gas market grows, according to new Rystad Energy research and analysis. The European Commission is reviewing its 2021 Arctic policy and has opened a public consultation through 16 March 2026. With Barents projects typically needing five to 10 years to move from discovery to steady output, the signal the EU sends now will determine…

Tonight, when President Donald Trump steps into the House chamber to deliver his State of the Union address, it will undoubtedly be overshadowed by the prospect of coming conflict with Iran.  Tehran will be up late (or early), carefully scrutinizing every word of the US leader, anticipating the what's next at a moment of massive Pentagon build-up in the region, including no less than two carrier groups. Iranian leadership, looking toward the big Trump speech tonight, has just offered that it's ready to do anything necessary…

The presidents of Kazakhstan and Uzbekistan attended the inaugural meeting of US President Donald Trump’s Board of Peace in Washington, DC on 19 February 2026. The Board has been promoted as the tool to rebuild the Gaza Strip, so why were two Central Asian republics in attendance? In an era when global institutions are strained, and geopolitical competition is intensifying,  Kazakhstan and Uzbekistan have emerged as unlikely but valuable contributors to the US President Donald Trump’s signature project now that the Abraham Accords…