Topic
Energy
60 stories related to this topic, newest first.
americanbanker.combusiness3 hrs ago
U.S. Oil and Gas Extraction Employment Falls to 114,500 in June
U.S. oil and gas extraction employment dropped to 114,500 workers in June 2026. Major producers including Chevron, ExxonMobil, BP, ConocoPhillips and Imperial Oil announced large workforce reductions this year.
GB Newspolitics3 hrs ago
Britain Investigates Claim It Cut Netherlands Power Supply During June Heatwave
GB News reported accusations that the UK cut off energy exports to the Netherlands on June 23 after the grid frequency fell below safe levels. Officials denied any overload or disconnection of customers.
Newsweekbusiness9 hrs ago
Georgia Power Building Transmission Line to Meet Regional Power Demand Growth
Newsweek reported that power companies in five states are building or proposing transmission projects to handle rising electricity demand from data centers. The projects have led to negotiations and opposition over property acquisitions in residential and agricultural areas.
indiatoday.intoday.infinance11 hrs ago
No Oil Tankers Transit Strait of Hormuz in Past 24 Hours
No confirmed oil shipments passed through the Strait of Hormuz over the last day. The absence of traffic lifted the futures price for August WTI crude above $82 a barrel.
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israelnationalnews.comfinance14 hrs ago
Sheikh Hamad bin Khalifa Al Thani, Who Took Power in a 1995 Coup, Dies at 74
Qatar's former ruler died July 12. He took power in a 1995 coup and expanded the country's energy exports, media presence and foreign ties.
cnbc.comfinance19 hrs ago
Iran's Revolutionary Guards Block Four Tankers in Strait of Hormuz
Iran's Revolutionary Guards said they stopped four tankers attempting to transit the Strait of Hormuz in a combined missile and drone operation. Two oil tankers exploded after hitting mines, the Guards stated.
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abcnews.go.comworld19 hrs ago
Lake Powell Projected to Reach 3,491 Feet by March 2027; Federal Transfers Aim to Stay Above 3,500 Feet
A Bureau of Reclamation analysis shows Lake Powell could reach 3,491 feet by March 2027. The reservoir stood at 3,524 feet as of Thursday amid record-low summer levels last month.
investorideas.comworld20 hrs ago
Saudi Arabia-Yemen fighting raises risk to oil export route
Hostilities between Saudi Arabia and Yemen's Iran-backed Houthi militia are increasing threats to an oil-export route the kingdom uses to bypass the Strait of Hormuz.
manufacturing.netfinance1 day ago
U.S. Oil Rig Count Rises to 588 as Brent Crude Gains 4%
Baker Hughes data released Friday showed the total number of active U.S. drilling rigs increased by seven to 588. Oil rigs rose to 452 while gas rigs held steady at 126.
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CalMatterspolitics1 day ago
California Commission Lowers Power Shutoff Threshold to 90 Degrees After Rejecting Utility Proposal
The California Public Utilities Commission voted 4-0 Thursday to require utilities to halt disconnections for nonpayment at 90 degrees instead of 100. The move rejects a utility proposal and strengthens heat protections for delinquent customers.
Semaforworld1 day ago
US Energy Secretary Promotes Propane at Africa Clean Cooking Summit
US Energy Secretary Chris Wright appeared digitally at a July 10 International Energy Agency summit on replacing charcoal cooking fuels in Africa with propane. The event drew $900 million in new government commitments. A DOE spokesperson tied the push to trade-focused US policy r…
fintechnews.hkbusiness1 day ago
South Korea Completes 14th Red Sea Crude Shipment After Iran War Disrupts Hormuz Route
South Korea's Ministry of Oceans and Fisheries said a tanker loaded at Yanbu Port transited the Red Sea on July 17 and heads toward Asia. The voyage is the 14th such shipment since the Iran war cut most traffic through the Strait of Hormuz in March.
rigzone.combusiness1 day ago
Libya and OMV Declare 195-Million-Barrel Essar Oil Find Commercially Viable
National Oil Corporation and OMV confirmed commercial viability of the Essar find after drilling well B1-106/4. Reserves total 195 million barrels with planned output of 5,000 barrels per day.
freepressjournal.inbusiness1 day ago
Portugal diesel and petrol prices to rise next week
Diesel and petrol prices in Portugal will increase during the week of 20–26 July. Diesel is projected to rise 13.5 euro cents per litre and petrol 6.5 euro cents per litre.
citizen.co.zafinance1 day ago
China Oil Imports Drop 41 Percent Amid Hormuz Disruptions and Reserve Drawdown
Chinese customs data showed imports dropped to their lowest level in nearly a decade in June. The decline helped limit global price increases during renewed attacks in the Strait of Hormuz.
Fox Newspolitics1 day ago
U.S. Strikes Target Iranian Sites as Tehran Hits Shipping and U.S.-Linked Bases
U.S. Central Command struck Iranian coastal defenses to enforce a naval blockade. Iran responded with attacks on U.S.-linked sites and tankers in the Strait of Hormuz. Oil shipments through the strait averaged 20 million barrels daily in 2024.
unicornriot.ninjascience1 day ago
Michigan issues permits for Line 5 tunnel replacement
State regulators approved construction permits for a tunnel to replace an aging section of the Line 5 pipeline. Officials said the permits require measures to limit damage to wetlands and other resources.
news18.comfinance1 day ago
Iran-Linked LPG Tankers Alter Course Near U.S. Naval Blockade
Two sanctioned Iran-linked LPG carriers changed course or reversed direction in the Gulf of Oman and Arabian Sea after passing through the Strait of Hormuz. Vessel-tracking data showed the movements hours after the United States reinstated a naval blockade aimed at halting Irania…
finance1 day ago
Stock Indexes Fall as Chip Shares Drop and Oil Prices Rise
Major U.S. and Asian stock indexes declined Friday after chip-related companies fell on concerns about high valuations and uncertain demand. Oil prices climbed as the conflict with Iran continued.
livemint.compolitics1 day ago
U.S. Diesel Tops $5 per Gallon and Gasoline Nears $4, Returning to Pre-Memorandum Levels
The average price of diesel fuel in the United States exceeded $5 per gallon on July 17, 2026, while gasoline approached $4, according to AAA data. Prices have returned to levels recorded before the June 2026 U.S.-Iran memorandum of understanding.
rove.mefinance1 day ago
India and South Africa Plan Expansions to Strategic Oil Reserves
India and South Africa are increasing emergency crude stockpiles after IEA members released 400 million barrels in March. The expansions follow U.S. releases from the Strategic Petroleum Reserve under both the Trump and Biden administrations.
iraqinews.comworld1 day ago
Chevron to sign accords with Iraq on Friday for oil field investment talks
Chevron plans to sign accords with Iraq on Friday that will advance negotiations on investing in large oil fields. A senior company executive confirmed the timeline.
middleeasteye.netfinance1 day ago
IEA Forecasts First Annual Drop in Global Oil Demand Since 2020
The International Energy Agency projects global oil demand will decline by about 1 million barrels per day in 2026 due to conflict in the Middle East. The forecast marks the first such decrease since the pandemic year of 2020.
cnbc.comfinance1 day ago
Yemen Conflict Resumes as Houthi Rebels Threaten Bab al-Mandeb Strait
Fighting has resumed in Yemen after four years of truce. Houthi rebels threaten to block a key oil shipping route while power shortages worsen in Aden.
uctoday.combusiness1 day ago
Chevron Prepares Deals for Two Iraqi Oil Fields and Kirkuk-Baniyas Pipeline Study
Chevron is preparing preliminary agreements to invest in the Nasiriyah and West-Qurna-2 oil fields in Iraq and to study rebuilding a pipeline from Kirkuk to the Syrian port of Baniyas. The Houston-based company has been in talks with the Iraqi government for 12 to 18 months.
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fortune.comfinance1 day ago
Study finds obeying speed limits would save 7.2 million gallons of fuel daily, a small share of U.S. total
A University of Minnesota study of 120 million trips found that obeying posted limits on highways would cut fuel use and emissions sharply while adding only 54 seconds to average daily driving. The analysis adjusted 2021 data for current gas prices above $4 per gallon.
pehub.comtechnology2 days ago
BP to Sell Majority of Venture Portfolio to Verdane
BP announced the sale of most of its venture investments, covering more than 10 companies, to Nordic private equity firm Verdane. The transaction is expected to close in the second quarter of 2027.
theconversation.comfinance2 days ago
European Union Sets 46 Percent Electrification Target for 2040
The European Commission introduced the Electrification Action Plan on July 16, 2026. The plan seeks to double electricity's share of EU energy consumption to 46 percent by 2040 while cutting reliance on imported fossil fuels.
techjuice.pkfinance2 days ago
Pakistan buys spot LNG cargo at $20.70 per MMBtu to replace halted Qatar shipments
State importer Pakistan LNG Ltd purchased one cargo for early delivery at the highest price since 2022. The purchase follows renewed disruptions to Qatari term supplies through the Strait of Hormuz.
uctoday.comfinance2 days ago
Helion Energy begins construction of Orion fusion plant under 2028 Microsoft power agreement
ZeroHedge reported that Helion Energy began construction on its Orion facility in Malaga, Washington, last year under a 2028 power supply agreement with Microsoft. Commonwealth Fusion Systems and Proxima Fusion also closed large funding rounds to advance their own fusion projects…
globalnews.capolitics2 days ago
Britain's Grid Met Demand Last Month by Cutting Electricity Exports
Claire Coutinho told Parliament that Neso control room staff reported the grid is violating the Security and Quality of Supply Standard. The claims follow a June shortfall resolved by cutting exports and earlier ministerial dismissals of similar warnings.
vccafe.comfinance2 days ago
LNG Expected to Become U.S. Second-Largest Net Export Industry Within Five Years
An S&P Global energy study projects that liquefied natural gas will rank as the United States' second-largest net export industry within five years. The forecast is based on current production trends and export capacity growth.
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iraqinews.comworld2 days ago
Iraq Halts Crude Oil Loadings at All Terminals After Basra Terminal Attack
Iraq halted crude oil loadings at every terminal following a drone attack on a tanker at the Basra Oil Terminal. The strike has been nominally attributed to Iranian-backed non-state actors.
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winnipegfreepress.comworld2 days ago
Tourmaline Subsidiary Proposes Natural Gas Data Centre in Alberta
Emerald Energy Technologies plans a power plant and data centre on Crown land near Edson that would use 150 million cubic feet of gas daily to generate one gigawatt. The project could cost up to $20 billion and create up to 560 permanent jobs if approved.
app.buzzsumo.comai2 days ago
Tech companies report higher electricity use from AI
Google, Microsoft and Amazon each released sustainability reports showing higher electricity consumption. The reports also noted efficiency gains that were outpaced by overall demand growth.
dnaindia.combusiness2 days ago
Oil prices surge amid U.S.-Iran fighting, pushing up U.S. gasoline costs
Oil prices have risen sharply due to renewed fighting between the U.S. and Iran, increasing gasoline costs for American consumers. Major energy firms recorded billions in windfall profits in early 2026, prompting renewed calls for taxes on excess earnings.
The Japan Timesscience2 days ago
Open-Pit Coal Mines Report Large Methane Emission Declines in 2024
Poland, Germany and the Czech Republic recorded sharp drops in reported methane emissions from lignite mines last year. Experts attribute the figures to new site-specific measurement methods that lack published guidelines.
Euronewsworld2 days ago
Solar Power Cut Europe’s Gas Import Bill by €20 Billion Since March, While Oil and Gas Prices Rose
Brent crude oil traded at $85 per barrel on 15 July 2026, up €10.47 since late February. Solar generation cut gas import costs by an average of €146 million per day over 137 days.
freepressjournal.inworld2 days ago
U.S. Diesel Prices Return to $5 a Gallon
Average U.S. diesel prices have reached $5 per gallon again. The increase follows renewed fighting in the Persian Gulf and reduced refinery capacity.
eco-business.comfinance2 days ago
India Raises Diesel and Jet Fuel Export Duties, Lowers Gasoline Duty for July 16-31
India increased export taxes on diesel and jet fuel while lowering the duty on gasoline for the second half of July. The Finance Ministry issued the updated rates on Thursday as part of its regular fortnightly review.
Washington Examinerpolitics2 days ago
U.S. Disables Oil Tanker Heading to Kharg Island Under Renewed Blockade
U.S. Central Command disabled the Curacao-flagged M/T Belma on July 15 after it ignored warnings while transiting toward Kharg Island. The action is the first vessel disabling since the naval blockade of Iranian ports was reinstated on July 14.
japantoday.comworld2 days ago
Japan Weighs Restarting Naphtha Stockpiling After July 7 Announcement
Industry minister Ryosei Akazawa said the government will review naphtha reserves amid Middle East supply risks. The move follows shortages of paints and solvents that have affected housing and construction.
cnbc.comfinance2 days ago
Strait of Hormuz Tanker Traffic Halts After Iranian Strikes and U.S. Blockade
Fatih Birol of the IEA said the strait must reopen within weeks to avoid economic difficulties for global economies. Oil prices have risen 13 percent since last Friday following the halt in tanker traffic.
middleeasteye.netfinance2 days ago
Asian Shares Fall as South Korea's Kospi Drops 6.6 Percent
Asian equity benchmarks declined Thursday while oil prices eased despite ongoing U.S.-Iran strikes. South Korea's Kospi fell 6.6 percent after the Bank of Korea raised interest rates for the first time since 2023.
Euronewsworld2 days ago
June 2026 Hottest on Record for Western Europe as Cooling Demand and Supply Constraints Raised Power Prices
Copernicus data show June 2026 was the hottest June on record for western Europe and the second warmest globally. Heatwaves drove sharp increases in electricity demand and wholesale power prices across major EU economies.
japantimes.co.jpworld2 days ago
Cuban Farmer Returns to Oxen After Tractor Becomes Unusable Due to Fuel Shortages
Alexander Quesada now plows with oxen at Finca Burgambilia after power outages cut fuel and parts supplies. The shift comes on a farm once promoted as a model for local production under tighter U.S. trade limits.
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middleeasteye.netfinance2 days ago
Oil Rises Above $80 After U.S. Airstrikes and Shipping Attacks
WTI crude traded above $80 a barrel after four straight sessions of gains. U.S. airstrikes and a tanker disablement followed attacks on shipping in the Strait of Hormuz.
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theconversation.combusiness2 days ago
U.S. Electricity Use Reaches Record High in 2025, Led by Data Centers
U.S. electricity use reached a new peak last year and is projected to set further records in 2026 and 2027. Data centers tied to AI growth are the primary driver of the increase.
middleeasteye.netfinance2 days ago
Kalshi Traders Raise Odds U.S. Gas Prices Top $4 per Gallon by July 2026 to 90 Percent
Prediction market probabilities for U.S. gasoline above $4 per gallon by July 31 climbed sharply amid renewed U.S. strikes on Iran. Current national average stands at $3.89 per gallon.
ecns.cnbusiness2 days ago
China Connects 1-Gigawatt Hybrid Solar Plant in Gobi Desert to Grid; Oil Shipments Blocked in Strait of Hormuz
China Three Gorges Corporation linked its hybrid solar facility in Xinjiang to the grid in July 2026 and began commercial trial operations. The plant pairs photovoltaic and concentrated solar with molten-salt storage that supplies power for up to eight hours after sunset.
espn.compolitics2 days ago
White House Considers Third Jones Act Waiver Extension
The Trump administration is weighing another extension of the Jones Act waiver that expires August 16. More than 50 Republican lawmakers have urged the president to let the waiver lapse. Oil prices remained near $80 a barrel on July 15 despite threats to close the Strait of Hormu…
The Sydney Morning Heraldbusiness2 days ago
Government tells oil firms to pay platform removal costs
Officials said they will extend an existing industry levy if needed to pay for removing a disused oil platform off Western Australia. The move follows the voluntary administration of one of the platform's owners.
jpost.combusiness3 days ago
Kazakhstan and China Advance Nuclear Cooperation After Mutual Visits
Almassadam Satkaliyev visited operational and under-construction nuclear sites plus fuel facilities in China. The tour followed a protocol signed during a recent visit by China's National Energy Administration head to Kazakhstan.
cnbc.comfinance3 days ago
Middle Eastern oil producers seek Japanese support for Hormuz bypass pipelines
Saudi Arabia and the UAE have asked Japan to join or back plans to expand oil pipelines that would avoid the Strait of Hormuz. The request was conveyed by the chairman of one of Japan's largest refining companies.
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en.antaranews.comfinance3 days ago
U.S. Crude Inventories Fall 1.7 Million Barrels in Week Ending July 10
The U.S. Energy Information Administration reported a 1.7 million barrel decline in commercial crude stockpiles for the week ending July 10. Inventories now stand at 409.7 million barrels, 6% below the five-year average.
news.sky.compolitics3 days ago
Whistleblower Alleges Neso Concealed Grid Stability Problems on June 23
GB News reported that a whistleblower accused senior staff at the National Energy System Operator of hiding grid issues during extreme heat. Shadow Energy Secretary Claire Coutinho raised the claims in Parliament. Neso and the government launched investigations while denying any…
en.antaranews.combusiness3 days ago
Strait of Hormuz Remains Closed After June Truce Collapses; U.S. Strikes Iranian Forces
The U.S. military launched strikes on Wednesday targeting Iranian forces near the Strait of Hormuz. The action followed the breakdown of a short-lived June 17 truce that had briefly reopened the waterway.
techjuice.pkfinance3 days ago
Russian Crude Exports Rise to Highest Since Early 2022 but Revenues Fall
Ukrainian strikes reduced Russia's refining capacity by about one-third, lowering domestic throughput to the lowest level since 2005. Russia increased exports, sending an average 4.13 million barrels per day abroad over the four weeks through June 28.
thedrive.comfinance3 days ago
PJM Auction Clears 138,318 MW at $325 per Day Cap but Falls 6,831 MW Short of Reliability Target
PJM Interconnection reported its third straight capacity shortfall in the 2028/2029 Base Residual Auction. The clearing price hit the FERC-approved cap of $325 per megawatt-day.
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jns.orgworld3 days ago
U.S. Forces Strike Iranian Sites for Fifth Night
U.S. military forces conducted strikes on locations in southern and eastern Iran for a fifth consecutive night. Iranian state media reported explosions at multiple sites and said its forces responded with missile and drone attacks on U.S. facilities in the region.
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