Energy
Oil, gas, power, renewables and the energy transition.
354 articles
War-Driven Refining Boom Lifts Big Oil Earnings, but the Upside Is Fragile
Record refining margins driven by the Iran conflict and Russian supply losses are turbocharging Big Oil profits. The win...
Asia's July Oil Imports Rebound but Remain Far Below Pre-Iran War Levels
Asia's July crude and fuel imports rebounded on a ceasefire tailwind but remain well below pre-war levels, with the reco...
Jones Act Waiver Extension Looms as White House Chases Lower Pump Prices
The Trump administration is expected to renew the Jones Act waiver to ease fuel shipping, even as maritime groups and Re...
Hybridizing Europe's Hydro With Wind and Solar Could Bypass Grid Constraints, Ember Finds
Adding 25GW of wind and solar behind the meter of existing EU hydro plants could bypass grid queues and cut network cost...
Record Droughts Shut Nuclear Plants in Hungary and Romania, Testing EU Energy Security
Danube at record lows has forced the shutdown of Hungary's Paks and Romania's Cernavoda reactors, exposing nuclear power...
China Targets 50% Non-Fossil Power by 2030 in New Five-Year Grid Plan
Beijing's 2026-2030 power plan aims for half of electricity from non-fossil sources, 2.8bn kW of new-energy grid integra...
Oil Prices Rebound 1% as Iran Denies US Talks, Reviving Supply Concerns
Brent and WTI rebound after Iran's foreign ministry denies any talks with Washington, reviving fears over Gulf shipping ...
Trump Says Future of Strait of Hormuz Will Be Decided 'Today or Tomorrow'
Trump has issued a 'last chance' ultimatum on Strait of Hormuz shipping, with an Omani-brokered deal — or US military ac...
ADNOC Rolls Out AI-Powered RTOC Hub Across Its 120-Rig Drilling Fleet
ADNOC is rolling out an AI-driven real-time operations centre across its 120-rig drilling fleet with SLB, targeting shar...
Oil Prices Drop 5% as Qatar, Bessent Signal Possible US–Iran Deal on Hormuz
Brent and WTI hit three-week lows after Qatari mediators and U.S. Treasury Secretary Scott Bessent raised hopes a diplom...
Sołowow Pushes Private SMR Fleet as Poland's Answer to Looming Power Gap
Polish billionaire Michał Sołowow makes a direct appeal in a Forbes Poland interview: approve his GE Vernova-based SMR p...
Trump Calls on Oil Companies to Cut Gasoline Prices, Calls Out Chevron CEO
President Trump again pressed U.S. oil companies to cut fuel prices immediately, faulting Chevron CEO Mike Wirth for not...
Slovenia's Krško Nuclear Plant Faces Possible Shutdown as Sava River Heats Up
Rising Sava River temperatures and low flows could force Slovenia's only nuclear plant to cut output or shut down, threa...
Base Power's second $1B round bets home batteries can save the grid
Base Power has raised another $1 billion in under a year — a $13 billion valuation — as it scales subscription home batt...
Valar Atomics Raises $1B From Sequoia to Scale Small Nuclear Reactors for AI
The SMR startup, backed by Sequoia and partnered with Nvidia, plans to move from single reactors to fleet manufacturing ...
Shanxi Mine Blast Exposes Black-Market Workforce and $100 Million Untaxed Coal Trade
A gas explosion that killed at least 82 workers at a Shanxi mine has uncovered unregistered miners, hidden 'black face' ...
Ukraine Faces €650m Heating-Sector Funding Gap Ahead of Winter, PM Says
Kyiv needs roughly €650m more for energy before the heating season; the €2bn support fund is not enough, Ukraine's prime...
Trump Calls Out Exxon and Chevron for 'Too Much' Profit as Iran Conflict Buoys Oil Prices
Trump accused ExxonMobil and Chevron of 'too much' profit and demanded lower retail fuel prices, as a report projects ne...
OPEC+ Committee Warns Shipping-Lane Attacks Threaten Oil Market Stability
The OPEC+ monitoring committee warned that attacks on shipping lanes and energy infrastructure threaten global supply st...
Iran and Ukraine Wars Are Now One Energy Shock — Refining Is the Fault Line
Crude prices recovered by July, but the system that turns it into fuel never did. Two wars now drain the same spare refi...
Uruguay Freezes Fuel Prices in August Despite Rising Global Oil Costs
Uruguay holds gasoline, diesel and LPG prices flat for August, absorbing higher global crude costs linked to Middle East...
Cuba's National Grid Fails, Leaving Millions in Darkness as Fuel and Sanctions Bite
A total disconnection of Cuba's electricity system has left millions without power in sweltering heat, as exhausted fuel...
ERCOT's Fast-Track Grid Wins Data Centers as Texas Solar and Storage Surge
As ERCOT's fast-track interconnection draws data centers to Texas, Georgia Power, Antora Energy, ComEd and ib vogt push ...
Shale Profits Set for Strongest Quarter Since 2022 on War-Driven Oil Rally
U.S. shale producers are expected to post their strongest quarterly profits since 2022 as a war-driven crude rally boost...
PG&E CEO Sumeet Singh: AI, Wildfire Prediction and the New Utility Playbook
PG&E's chief executive explains how AI cameras, machine learning and a cultural overhaul are being used to cut wildfire ...
GE Vernova and ENGIE Begin Dinorwig Refit as UK Revives Pumped Storage
A 1.7GW Snowdonia plant is getting new turbines and controls as the UK, after four decades without a new pumped storage ...
Oil Prices Slide More Than 5% After Trump Holds Off on Iran Strike
Brent and WTI fell sharply on Monday as Donald Trump stepped back from a new strike on Iran to leave room for nuclear ta...
SLB Bets on AI Data Centers and a Post-Hormuz Oil Boom
Political shocks are reordering global energy, and the oilfield services giant is positioning itself to profit from both...
Europe's Heatwave Is Costing France Nuclear Power and Draining Norway's Hydro Reserves
Summer heat has cut French nuclear output by 3.7 TWh and left Norwegian reservoirs at a 20-year low, raising the risk of...
Greece Sets Minimum €132/Tonne Fee for Solar Panel Recycling
Greece's recycling agency set a minimum €132-per-tonne fee (plus VAT) for photovoltaic panel waste, unlocking funding to...