A study by X-energy Canada has confirmed the feasibility and benefits of repurposing an existing thermal generation site in Alberta with X-energy's small modular reactors, World Nuclear News reports.  Funded by Emissions Reduction Alberta (ERA), the study found that the Xe-100 high-temperature gas-cooled reactor is uniquely suited to Alberta's energy needs. As well as producing electricity, it is specifically designed to provide 565°C heat and steam for industrial applications, unlocking a broad range of use cases for Alberta's industrial…

Fossil fuels aren’t going anywhere. Oil, natural gas, and coal are set to represent about half of global energy consumption in 2050 and beyond, according to the tenth annual McKinsey report, which showed the biggest shift in the consultancy’s thinking on energy systems in a decade. McKinsey’s Global Energy Perspective 2025 offers “a chance to reflect on the lessons learned over the past decade and to look ahead to the next one,” the consultancy said. The reflection revealed that of the three energy system priorities…

Changes in equipment costs, interest rates, and power prices have resulted in a large shift in PPA prices globally in recent years. On the cost side, breakeven prices for solar PV and onshore wind have seen very different trajectories in recent years, with global average onshore wind increasing and solar PV decreasing. We see global solar costs stabilizing within a fairly narrow range over the next five years, while wind costs are likely to push higher and have more variation around the world. But costs are just one part of the equation. Wind projects…

Here is a funny thing about valuation “bubbles” involving financial instruments. In every individual case, you unavoidably end up asking:  "What were they thinking?” Or stated differently, what causes a significant part of the supposedly rational investing public to collectively lose their minds for a relatively brief period? A few tulip bulbs, for example, were valued more highly than a modest Amsterdam house in 1637, until they weren’t. Leveraged speculation in frontier commodity markets of Asia and America led to…

The Trump administration is dipping its toe—barely—into refilling the U.S. Strategic Petroleum Reserve (SPR), announcing plans to purchase one million barrels of crude for delivery in December and January. The move, while symbolically significant, amounts to little more than a rounding error in a reserve that once held 700 million barrels. The Department of Energy will use $171 million from President Trump’s new tax and spending law to fund the purchase, issuing a solicitation for crude to be delivered to the Bayou Choctaw site…

The Trump administration is dipping its toe—barely—into refilling the U.S. Strategic Petroleum Reserve (SPR), announcing plans to purchase one million barrels of crude for delivery in December and January. The move, while symbolically significant, amounts to little more than a rounding error in a reserve that once held 700 million barrels. The Department of Energy will use $171 million from President Trump’s new tax and spending law to fund the purchase, issuing a solicitation for crude to be delivered to the Bayou Choctaw site…

The Trump administration is dipping its toe—barely—into refilling the U.S. Strategic Petroleum Reserve (SPR), announcing plans to purchase one million barrels of crude for delivery in December and January. The move, while symbolically significant, amounts to little more than a rounding error in a reserve that once held 700 million barrels. The Department of Energy will use $171 million from President Trump’s new tax and spending law to fund the purchase, issuing a solicitation for crude to be delivered to the Bayou Choctaw site…

The UK is set to become the first European country to welcome Waymo’s driverless taxis but lawyers caution that current laws are fundamentally incompatible with the technology. Last week, Waymo announced its UK launch will start with a small fleet of human-supervised Jaguar I-PACE electric vehicles “in the coming weeks,” before moving to fully autonomous operations by 2026. Waymo’s Ethan Teicher told City AM, “We’ll start with a small fleet and gradually expand, working closely with the Department for Transport…

The fight over Venezuela’s last major foreign asset just got nastier. Lawyers for Citgo Petroleum and its owner, PDV Holding, told a Delaware court this week that Elliott Management’s affiliate Amber Energy shouldn’t even be in the running for Citgo’s parent company—calling its bid “so low it shocks the conscience.” What began nearly six years ago as a straightforward plan to settle old creditor claims has turned into something else entirely — a slugfest over conflicts of interest, political meddling,…

The fight over Venezuela’s last major foreign asset just got nastier. Lawyers for Citgo Petroleum and its owner, PDV Holding, told a Delaware court this week that Elliott Management’s affiliate Amber Energy shouldn’t even be in the running for Citgo’s parent company—calling its bid “so low it shocks the conscience.” What began nearly six years ago as a straightforward plan to settle old creditor claims has turned into something else entirely — a slugfest over conflicts of interest, political meddling,…

The Automotive MMI (Monthly Metals Index) moved sideways, rising a slight 1.39%. As a whole, the US automotive market is facing a number of challenges necessitating both innovation and resilience. Why Are Critical EV Minerals in Short Supply? Automakers are grappling with shortages of critical minerals needed for electric vehicles and high-tech components. Rare earth minerals are a prime example. This set of 17 metallic elements is integral to many car parts, from EV motors and batteries to windshield wipers and speakers. CBS News reports that…

Halliburton Company (NYSE: HAL) saw its third-quarter earnings top Wall Street expectations on steady drilling and stimulation demand in North America. Halliburton, the oilfield services giant with the highest exposure to the U.S. fracking market, on Tuesday reported an adjusted net income of $0.58 per diluted share for the third quarter. That’s down from $0.73 a year earlier, but higher than the $0.55 EPS for the second quarter and the $0.50 per share income expected for Q3 in an analyst consensus in The Wall Street Journal. Halliburton’s…

Halliburton Company (NYSE: HAL) saw its third-quarter earnings top Wall Street expectations on steady drilling and stimulation demand in North America. Halliburton, the oilfield services giant with the highest exposure to the U.S. fracking market, on Tuesday reported an adjusted net income of $0.58 per diluted share for the third quarter. That’s down from $0.73 a year earlier, but higher than the $0.55 EPS for the second quarter and the $0.50 per share income expected for Q3 in an analyst consensus in The Wall Street Journal. Halliburton’s…

A Ukrainian drone attack on a gas plant in Russia's Orenburg, one of the largest facilities of its kind in the world, continues to impact production in neighboring Kazakhstan as the European Union moves to phase out Russian gas imports by the end of 2027.Intake at the Kazakh facility, according to the Central Asian country's Energy Ministry, was suspended after the October 19 attack, the first reported strike on the plant, which forms part of the Orenburg gas chemical complex that is operated by the Russian state energy giant Gazprom.Reuters quoted…

We will then look at some of the key market movers early this week before providing you with the latest analysis of the top news events taking place in the global energy complex over the past few days. We hope you enjoy.Turkey and India ramp up fuel supply to the EU- The European Union has finally shed light on the details of its upcoming import ban on refined products made from Russian crude, tightening the screws for Turkish and Indian exporters eyeing European markets.- Effective from January 21, 2026, fuel importers in EU member states will…

China’s wind and solar equipment giant Mingyang Smart Energy Group is developing a 50-megawatt (MW) offshore wind turbine that would be the world’s most powerful and exceed current single-turbine capacity by a mile.  Mingyang is working on the two-headed 50-MW turbine, which is planned to enter mass production next year, the company’s chairman Zhang Chuanwei told a group of reporters at an industry conference in Beijing, as carried by Bloomberg. In a first phase of the project, Mingyang plans to start manufacturing in 2026…

China’s wind and solar equipment giant Mingyang Smart Energy Group is developing a 50-megawatt (MW) offshore wind turbine that would be the world’s most powerful and exceed current single-turbine capacity by a mile.  Mingyang is working on the two-headed 50-MW turbine, which is planned to enter mass production next year, the company’s chairman Zhang Chuanwei told a group of reporters at an industry conference in Beijing, as carried by Bloomberg. In a first phase of the project, Mingyang plans to start manufacturing in 2026…

China’s wind and solar equipment giant Mingyang Smart Energy Group is developing a 50-megawatt (MW) offshore wind turbine that would be the world’s most powerful and exceed current single-turbine capacity by a mile.  Mingyang is working on the two-headed 50-MW turbine, which is planned to enter mass production next year, the company’s chairman Zhang Chuanwei told a group of reporters at an industry conference in Beijing, as carried by Bloomberg. In a first phase of the project, Mingyang plans to start manufacturing in 2026…

For years, Canada’s oil and gas sector was plagued by pipeline shortages that severely limited the country’s capacity for export and forced producers to sell at a major discount as storage capacity became maxed out across the nation. But all of that changed when the Trans Mountain Expansion project finally came online after years of delays on May 1, 2024. Now, suddenly, Canada is a major competitor in global markets, with the ability to ship crude directly from Vancouver to Asian ports. The resulting trade boom reflects a monumental…

Last year, China's battery industry average utilization rate cratered to just a third of maximum capacity amid severe overcapacity following years of massive investment and expansion. This put smaller manufacturers under severe pressure and fueled further industry consolidation, while also forcing producers to increasingly seek overseas markets. Luckily, these efforts appear to be paying off: China Energy Storage Alliance has reported that Chinese battery storage forms secured ~200 overseas orders totalling 186 gigawatt-hours (GWh) in the first…