News
In the ongoing digital transformation of the energy industry, artificial intelligence (AI) has emerged as one of the most discussed — and misunderstood — tools available to operators. While the promises of AI often stretch toward the speculative, the technology’s most immediate and profound impact is already visible in how companies organize, interpret, and act upon data. For national oil companies (NOCs), this impact is potentially transformative. Unlike many private firms, NOCs sit atop immense, often underutilized data reservoirs…
Trump has launched the United States’ most aggressive rare-earth and critical-minerals expansion in more than a decade, signing over $10 billion in supply-chain deals across Australia, Japan, Malaysia, and Thailand in less than a week. The flurry of agreements aims to cut China’s 90 percent grip on global refining capacity and establish a network of Indo-Pacific partners for mining, processing, and stockpiling key materials vital to defense and clean-tech industries.On Tuesday, the United States and Japan signed an agreement to secure…
US retail power prices have surged 13% since 2022, outpacing the Consumer Price Index (CPI) and driving higher costs for consumers. While many have pointed to rising demand from data centers as the culprit for the increase, Rystad Energy’s analysis shows that data centers have yet to significantly influence power prices in the current terms. Our research points to the full price impact of data centers emerging closer to 2030, driven by the completion of a wave of data center infrastructure and more centers coming online. Rystad predicts that…
Global satellite-detected methane emissions from the onshore upstream oil and gas sector ticked up late last year and into the first quarter of 2025, reversing a steady decline since 2020. Rystad Energy analysis, supported by satellite detection, highlights stark regional differences: China’s emissions surged nearly one-third year on year, while the US recorded a smaller rise of 4%. Russia, on the other hand, posted a 5% drop in the first quarter, largely due to the ongoing Russia-Ukraine conflict leading to lower production volumes. Detected…
Oil prices gave up earlier gains to turn 1% lower on Monday amid profit-taking following last week’s rally. As of 7:13 a.m. ET, the U.S. benchmark, WTI Crude, traded 0.81% lower at $60.98. The international benchmark, Brent Crude, was down by 0.83% on the day at $65.41. Oil rallied by nearly 8% last week after the Trump Administration imposed sanctions on Russia’s two biggest oil producers and refiners, Rosneft and Lukoil, “as a result of Russia’s lack of serious commitment to a peace process to end the…
