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Westinghouse Commits Roughly $1B to South Carolina Nuclear Fuel Plant
Westinghouse Electric Company announced a roughly $1 billion investment in a new advanced nuclear fuel factory at its existing Columbia Fuel Fabrication...
Saudi Aramco Headquarters Hit by Missile, Brent Surges Above $106
A ballistic missile struck Saudi Aramco’s administrative headquarters in Dhahran on the evening of October 13. The attack caused a fire and damaged the top...
OPEC Cuts 2026 Oil Demand Growth Forecast to 180,000 Bpd Amid Uncertainty
OPEC sharply lowered its 2026 global oil demand growth forecast, citing heightened market uncertainty. [2] In its latest Monthly Oil Market Report, the group...
U.S. Releases 4 Million Barrels to Aid ExxonMobil, BP After Hurricane Isaias
The U.S. government authorized the release of four million barrels of crude oil from the Strategic Petroleum Reserve (SPR) on Sunday. The emergency measure is...
Saudi Aramco Partners with NESR on Saudi Arabia’s First Lithium Project
Saudi Aramco has signed an agreement with National Energy Services Reunited (NESR) to develop Saudi Arabia’s first lithium project. The contract runs for five...
🟢 Energy ETF (VDE) is trading 3% up as Gulf attacks raise oil-supply fears
VDE is trading at $182.91, up 3.01%, as escalating attacks around the Gulf and Strait of Hormuz heighten fears of crude-supply disruption. - Reuters reported...
EU Rejects US Diesel Export Threat Amid Tight Supplies
The European Union has formally opposed a US administration threat to suspend diesel exports to the bloc. The ultimatum is part of a US effort to pressure...
IEA Members Release 325 Million Barrels as U.S.-Iran Conflict Disrupts Supply
The International Energy Agency (IEA) said member countries have released 325 million barrels of oil and its derivatives from strategic reserves. The...
OPEC+ Delays Oil Capacity Review to November, Citing U.S.-Israeli War on Iran
OPEC+ has delayed a review of its members’ oil production capacity, which will help set output quotas for 2027. The review was originally due to be completed...
Libya’s NOC Reopens Sharara Pipeline After $95 Million in Losses
Libya’s National Oil Corporation (NOC) announced that crude pumping had resumed through the pipeline connecting Al-Sharara, the country’s largest oilfield, to...
Azerbaijan Announces Over $10 Billion in Potential Investments, Including Absheron Gas Expansion
Azerbaijan said it signed agreements covering more than $10 billion in potential investments at an international forum in Baku. A key agreement was the final...
Oil Prices Rise on Houthi Attacks, Ease on US-Iran Strait Talks
Yemen’s Houthi rebels claimed missile and drone attacks on Saudi Arabian targets, including facilities belonging to state-owned energy giant Aramco. The...
TotalEnergies approves Nigerian gas project, powering major LNG expansion
TotalEnergies and partner AMNI reached a Final Investment Decision for the Ima offshore gas field in Nigeria. The project will supply 350 million cubic feet...
Saudi Aramco Halts October European Oil Supply, Citing Pipeline Attack
Saudi Aramco notified European customers it will suspend all long-term crude oil shipments for October. The decision follows a drone attack by Yemen’s...
Saudi Aramco Halts October Oil Shipments, Citing Pipeline Drone Attack
Saudi Aramco notified at least two European refiners it will halt all crude oil shipments for October. The decision follows a September 10 drone attack that...
ExxonMobil warns refining shortages outpace crude risks, citing global capacity losses
ExxonMobil CFO Neil Hansen identified global refining constraints as a more significant market challenge than crude oil supply at a September 18, 2026, energy...
ExxonMobil nears Venezuela return, targeting vast reserves amid tight global supply
ExxonMobil is nearing a preliminary agreement with Venezuela to explore multiple oil fields. This move signals a potential return to the country nearly 20...
Saudi Aramco hit by Houthi missiles, threatening global energy supply
Houthi forces targeted Saudi Aramco oil facilities in Yanbu with dozens of ballistic missiles and drones on September 16, 2026. A military spokesman reported...
🔴 Energy ETF (VDE) is trading 3.01% down on September 16, 2026 as Saudi shipments ease fears
VDE is trading 3.01% lower as Saudi Arabia arranged additional shipments through Oman, easing immediate supply fears and pressuring energy shares. - Brent...
Saudi Arabia closes key oil pipeline, drone strikes send Brent past $108
Saudi Arabia shut its main east-west crude oil pipeline on Monday. Iran-aligned Houthi forces targeted the infrastructure with a series of drone attacks. This...