Crude oil prices are set for another weekly decline today, after President Trump announced there were plans to meet with Russia’s Vladimir Putin in a couple of weeks to discuss an end to the war in the Ukraine. The hypothetical possibility of peace has ha traders prepare for a rebound in Russia oil exports, which would add to what most observers are calling a looming supply glut. This pressured prices further, after the IEA updated its glut prediction, now expecting the supply overhang to reach 2.4 million barrels daily in 2026, after adding…

After years of currency chaos and regulatory paralysis that drove oil majors out of Argentina, President Javier Milei has set out to remake the country into a regional energy powerhouse. His sweeping deregulation freed up oil exports, attracted foreign capital, and revived activity in Vaca Muerta, one of the world’s largest shale formations. Yet the path to energy independence remains fragile. Falling oil prices, rising costs, and unfinished infrastructure threaten to stall progress, while the peso’s stability now depends on unprecedented…

The U.S. nuclear sector has been on a tear over the past couple of years, fueled by the global energy crisis, the clean energy revolution, and the AI boom, even as global electricity demand soars. Meanwhile, the uranium market is experiencing a structural supply deficit, creating potential challenges for nuclear operators. Unlike many commodities, uranium trading usually involves small volumes with specialized participants, making the nuclear fuel susceptible to significant uranium market volatility. Governments across the globe are repositioning…

Since President Trump took office, several associations set up to advance the agenda of net-zero in the financial world have dissolved, wind and solar developers have pleaded for help to survive, and carmakers have quietly revised their plans for an electric future—not only in the U.S. Some, however, believe Trump’s presidency cannot stop the shift to alternative energy sources and emission-cutting. Many have, in fact, been saying that whatever happens in the United States, the rest of the world would remain firmly on the path to decarbonisation…

It is said that in times of great division, a common enemy can be a force for unification. And that common enemy has arrived, in the form of energy-sucking data centers and their wholesale attack on energy prices. As the artificial intelligence boom continues to pick up speed, massive data center projects are being greenlit left and right, and the communities expected to foot the bill for this expansion are starting to fight back — even if it means reaching across the aisle.  While political debates over data centers are not yet cropping…

Russia is grappling with fuel shortages and price hikes after a string of Ukrainian attacks on its oil refineries. To protect supplies in Russia, where long lines at gas stations have been reported in some regions, Moscow has banned or restricted the export of gasoline and diesel. The move has triggered fuel shortages and price rises in some of the former Soviet republics of Central Asia, which are heavily reliant on Russian energy. Tajikistan Among Hardest Hit Tajikistan, which imports almost all its fuel -- mostly from Russia, has been among…

This year’s International E-Waste Day, celebrated annually on October 14 to raise awareness about the growing problem of electronic waste and promote responsible e-waste management, focuses on the critical resources contained in e-waste. These days, as some of those materials have become a bargaining chip in geopolitics, it’s more important than ever to recover the valuable resources contained in unused or broken electronic products. According to the latest edition of the Global E-Waste Monitor – a flagship publication on the…

Saudi Arabia’s domestic oil consumption for power generation is showing early signs of structural decline, signaling steady progress toward its Vision 2030 goal of eliminating oil use from its electricity mix. After decades of burning crude and fuel oil to meet surging summer demand, new data indicates the Kingdom is finally beginning to curb this long-entrenched practice—thanks to rising gas output, rapid renewable deployment, and aggressive efficiency measures. According to data reported to OPEC and published by the Joint Organizations…

The latest tit-for-tat fees on port callings in the U.S.-China trade spat threaten to create additional vortexes in global oil flows. Shipowners and charterers are scrambling for clarity after China imposed this week a fee on U.S.-owned, operated, built, or flagged vessels, in retaliation for a similar U.S. move on Chinese ships. China-built ships are exempted from the new Chinese fee, but the impact on oil trade flows would still be significant, at least until owners and charterers find a way to move forward more smoothly in the choppy waters…

North America’s liquefied natural gas export capacity could more than double by 2029 as new terminals across the United States, Canada, and Mexico move toward completion, according to the U.S. Energy Information Administration (EIA). The agency’s latest forecast, reported by Reuters, projects a jump from roughly 14 billion cubic feet per day (bcf/d) in 2024 to more than 29 bcf/d by 2029. The EIA attributes the increase to seven large U.S. export terminals under construction, including Golden Pass LNG, Plaquemines LNG, and Driftwood…

North America’s liquefied natural gas export capacity could more than double by 2029 as new terminals across the United States, Canada, and Mexico move toward completion, according to the U.S. Energy Information Administration (EIA). The agency’s latest forecast, reported by Reuters, projects a jump from roughly 14 billion cubic feet per day (bcf/d) in 2024 to more than 29 bcf/d by 2029. The EIA attributes the increase to seven large U.S. export terminals under construction, including Golden Pass LNG, Plaquemines LNG, and Driftwood…

Crude oil inventories in the United States increased by 3.5 million barrels during the week ending October 10, after gaining 3.7 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The increase brings commercial stockpiles to 423.8 million barrels according to government data, which is still 4% 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 suggested that crude oil…

India’s energy regulator has opened an internal investigation after the Securities and Exchange Board of India (SEBI) accused several officials of insider trading related to power market reforms. The Central Electricity Regulatory Commission (CERC) confirmed Thursday that it has suspended three employees and set up a fact-finding committee following SEBI’s interim order earlier this week, according to Indian media.  The case centers on trading in shares of the Indian Energy Exchange (IEX), India’s dominant platform for spot…

India’s energy regulator has opened an internal investigation after the Securities and Exchange Board of India (SEBI) accused several officials of insider trading related to power market reforms. The Central Electricity Regulatory Commission (CERC) confirmed Thursday that it has suspended three employees and set up a fact-finding committee following SEBI’s interim order earlier this week, according to Indian media.  The case centers on trading in shares of the Indian Energy Exchange (IEX), India’s dominant platform for spot…

Gasoline markets in Africa and nearby regions are tightening as the biggest refinery in Africa, the Dangote plant in Nigeria, has slashed crude oil purchases in recent weeks amid operational challenges.   The refinery is set to buy fewer than 300,000 barrels per day (bpd) of crude oil in October, Bloomberg reported on Thursday, citing vessel-tracking data and allocation lists. That’s half compared to the over 600,000 bpd purchases in July.  The gasoline unit at the plant has been a substantial supplier of the fuel in Nigeria…

Gasoline markets in Africa and nearby regions are tightening as the biggest refinery in Africa, the Dangote plant in Nigeria, has slashed crude oil purchases in recent weeks amid operational challenges.   The refinery is set to buy fewer than 300,000 barrels per day (bpd) of crude oil in October, Bloomberg reported on Thursday, citing vessel-tracking data and allocation lists. That’s half compared to the over 600,000 bpd purchases in July.  The gasoline unit at the plant has been a substantial supplier of the fuel in Nigeria…

Gasoline markets in Africa and nearby regions are tightening as the biggest refinery in Africa, the Dangote plant in Nigeria, has slashed crude oil purchases in recent weeks amid operational challenges.   The refinery is set to buy fewer than 300,000 barrels per day (bpd) of crude oil in October, Bloomberg reported on Thursday, citing vessel-tracking data and allocation lists. That’s half compared to the over 600,000 bpd purchases in July.  The gasoline unit at the plant has been a substantial supplier of the fuel in Nigeria…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States increased by a large 7.36 million barrels in the week ending October 10. Analysts had forecast a much smaller 120,000-barrel build for the week. Today’s build comes after the IEA predicted a smaller global oil demand growth estimate for this year, along with a higher supply growth, which would, according to the agency, result in a rather large supply overhang globally.  But crude oil inventories in the United States are not showing signs…

The oil industry must step up exploration and investment in new supply; otherwise, the world risks a supply shortage, according to Amin Nasser, the chief executive of the Saudi state oil giant Aramco. “We had a decade . . . where people didn’t explore. It’s going to have an impact,” Nasser told the Financial Times.  “If it doesn’t happen, there will be a supply crunch,” said the top executive of the world’s biggest oil firm by both production and market value.  …

In a move to help the chances of a trade deal with the United States, India intends to raise imports of U.S. liquefied petroleum gas (LPG) and reduce such purchases from the Middle East, anonymous sources familiar with the plans told Reuters on Thursday.  State-owned refiners in India have informed their traditional large LPG suppliers from the Gulf – Saudi Arabia, Kuwait, the United Arab Emirates (UAE), and Qatar – that they should expect potentially lower nominations for their product from India, according to Reuters’ sources. …