The return of previously curtailed oil production by OPEC+ members is killing U.S. shale growth, with industry executives referring to it as a “price war” to the Financial Times. A prediction by the IEA of a deep oil glut is not helping, either. The shale industry is facing tough times. “We are not going to be putting any more rigs out until prices get back and stabilise in the $75 range ahead. You will see US production start to drop in the fall and into 2026,” the chief executive of Latigo Petroleum, Kirk Edwards, told…

Let’s start with the punchline: a wave of canceled hydrogen megaprojects is not a disaster, it’s a sign of success. The sector is maturing fast, shedding the glam tours and stick-to-the-basics players who couldn’t deliver, and leaving room for quietly effective pioneers. The hype bubble burst (and rightly so) Between 2021 and today, low-carbon hydrogen demand is still tiny—just under 1 million tonnes in 2023 out of a total global hydrogen demand of 97 million tonnes, and mostly still fossil-based. Meanwhile, the Hydrogen…

Brent crude rose 1.02% to $66.52 per barrel and West Texas Intermediate (WTI) climbed 0.96% to $63.40 on Monday, as Ukrainian President Volodymyr Zelensky arrived in Washington for talks with President Donald Trump. Traders are watching closely for potential shifts in U.S. sanctions on Russian exports, a key driver of global supply dynamics. Prices held steady as traders judged that immediate risks to Russian supply had eased following last week’s Trump-Putin meeting in Alaska, where the two leaders discussed a broader peace framework, according…

Brent crude rose 1.02% to $66.52 per barrel and West Texas Intermediate (WTI) climbed 0.96% to $63.40 on Monday, as Ukrainian President Volodymyr Zelensky arrived in Washington for talks with President Donald Trump. Traders are watching closely for potential shifts in U.S. sanctions on Russian exports, a key driver of global supply dynamics. Prices held steady as traders judged that immediate risks to Russian supply had eased following last week’s Trump-Putin meeting in Alaska, where the two leaders discussed a broader peace framework, according…

Texas is preparing to cut off power to data centers during grid emergencies — a sign of just how strained the system has become. Over the Fourth of July, deadly floods swept across central Texas, disrupting infrastructure and causing widespread outages. Meanwhile, the Electric Reliability Council of Texas (ERCOT) has already seen multiple price spikes and conservation alerts — not because there wasn’t enough power, but because we couldn’t move it where it was needed. These aren’t isolated events. It’s not just…

U.S. solar equities surged on Monday after the Treasury Department issued updated guidance on renewable energy tax credits, delivering long-awaited clarity for developers and investors. The decision provided relief to residential solar providers, which had faced months of uncertainty over whether new federal rules would complicate access to subsidies. Shares of Sunrun gained nearly 9% on Monday, after sealing 5-day gains of nearly 30%, making it the strongest performer in the sector. SolarEdge is sitting on 5-day gains of nearly 22%, still tracking…

U.S. solar equities surged on Monday after the Treasury Department issued updated guidance on renewable energy tax credits, delivering long-awaited clarity for developers and investors. The decision provided relief to residential solar providers, which had faced months of uncertainty over whether new federal rules would complicate access to subsidies. Shares of Sunrun gained nearly 9% on Monday, after sealing 5-day gains of nearly 30%, making it the strongest performer in the sector. SolarEdge is sitting on 5-day gains of nearly 22%, still tracking…

In a shock development, crisis-prone Argentina, South America’s second-largest economy, recently emerged as the continent’s third-largest oil producer. The surge in unconventional hydrocarbon output from Vaca Muerta, one of the world's top five shale formations, is driving significant growth in oil and natural gas production. Argentina’s national oil company YPF is leading the shale play’s development and shaping up to be one of the best run state state-owned energy companies in Latin America. Despite being nationalized…

Brazil’s oil and gas regulator ANP has approved an 18-month extension of the exploration period for the Aram block in the Santos Basin pre-salt, pushing the deadline for Petrobras and China’s CNOOC to meet their commitments to June 30, 2029, according to BNamericas. The move gives the consortium more time to advance drilling in one of Brazil’s most promising pre-salt areas, seen as critical to maintaining oil supply self-sufficiency in the next decade. The Aram block was acquired in March 2020 during ANP’s 6th production-sharing…

Brazil’s oil and gas regulator ANP has approved an 18-month extension of the exploration period for the Aram block in the Santos Basin pre-salt, pushing the deadline for Petrobras and China’s CNOOC to meet their commitments to June 30, 2029, according to BNamericas. The move gives the consortium more time to advance drilling in one of Brazil’s most promising pre-salt areas, seen as critical to maintaining oil supply self-sufficiency in the next decade. The Aram block was acquired in March 2020 during ANP’s 6th production-sharing…

The UK’s largest bioethanol plant is to shut, its owner has said, after the government decided not offer the struggling factory an emergency funding settlement after months of fraught negotiations. Vivergo Fuels had been locked in talks over its future with the business department since June, after it warned an element of the UK-US trade deal had left its operations financially unviable. But in a statement on Friday, the ABF-owned firm said its Hull plant would not be able to continue operations after the government confirmed it would not…

Top U.S. and Iraqi officials have discussed the potential resumption of oil exports from Iraq’s semi-autonomous region of Kurdistan and the role of the U.S. oil companies operating in the country, the Iraqi foreign ministry said on Monday. Oil exports from Kurdistan have now been halted for two and a half years, after they were shut in in March 2023 due to a dispute over who should authorize the Kurdish exports. Despite some breakthroughs in negotiations in recent months, the disagreements have continued. Before the halt to…

Ukrainian President Volodymyr Zelenskyy, bolstered by the presence of key European allies, is set to meet President Donald Trump in a session that could help decide his embattled nation's future, even as Trump appeared to shift the burden to Zelenskyy to end the war with Russia. "President Zelenskyy of Ukraine can end the war with Russia almost immediately, if he wants to, or he can continue to fight," Trump wrote on Truth Social in a series of posts late on August 17, hours ahead of the scheduled White House meeting. Trump, who has attempted to…

China exported in July the highest volume of refined petroleum products since June 2024 as shipments of gasoline, diesel, and jet fuel surged by double digits from a year earlier to multi-month highs. Total oil product shipments, including gasoline, diesel, aviation fuel, and marine fuel, increased to 5.34 million tons in July, up by 7.1% compared to a year earlier, according to customs data cited by Reuters. China’s diesel and gasoline exports have dropped year to date, but shipments surged in July from the same month of 2024. Diesel exports…

China exported in July the highest volume of refined petroleum products since June 2024 as shipments of gasoline, diesel, and jet fuel surged by double digits from a year earlier to multi-month highs. Total oil product shipments, including gasoline, diesel, aviation fuel, and marine fuel, increased to 5.34 million tons in July, up by 7.1% compared to a year earlier, according to customs data cited by Reuters. China’s diesel and gasoline exports have dropped year to date, but shipments surged in July from the same month of 2024. Diesel exports…

Money managers have continued to sell off WTI crude futures contracts and are now the most bearish on the U.S. benchmark in 16 years, the latest positioning data from exchanges showed. At the end of the week to August 12, speculators held the first-ever combined net short across the two major WTI contracts (traded on CME and ICE), Ole Hansen, Head of Commodity Strategy at Saxo Bank, said on Monday in the weekly commentary on the commitment of traders (COT) reports. ICE-traded WTI—which is often used in Brent–WTI spread trades—sat…

Oil flows via the Druzhba pipeline from Russia to Hungary have been halted, following a Ukrainian attack on a transformer station, Hungarian Foreign Minister Peter Szijjarto said on Monday. “Ukraine has attacked again the oil pipeline to Hungary, which has halted petroleum transportation to our country,” Szijjarto posted on Facebook. This is yet another attack against Hungary’s energy security and it is “outrageous and unacceptable,” the official added. The Druzhba pipeline carries Russian crude to Central Europe.…

Oil flows via the Druzhba pipeline from Russia to Hungary have been halted, following a Ukrainian attack on a transformer station, Hungarian Foreign Minister Peter Szijjarto said on Monday. “Ukraine has attacked again the oil pipeline to Hungary, which has halted petroleum transportation to our country,” Szijjarto posted on Facebook. This is yet another attack against Hungary’s energy security and it is “outrageous and unacceptable,” the official added. The Druzhba pipeline carries Russian crude to Central Europe.…

U.S. LNG exports so far this year have smashed yet another record, prices are on the rise without sapping demand, and the outlook remains robust. But there’s a hitch: pipelines. Exports of liquefied natural gas from the United States between January and August this year went up by 22% from the first eight months of 2024, Reuters’ Gavin Maguire reported this week, citing data from Kpler as showing exports reached 69 million tons. This was 12.4 million tons more than U.S. LNG producers exported last year. The report also noted that domestic…

With U.S. markets trading close to record highs, many investors are now turning to dividend-paying stocks as they try to balance growth and income. Dividend investing provides a predictable and reliable source of cash flow that can complement other forms of income. Dividend stocks can also help protect your portfolio when the stock market loses steam, with predictions of a market crash growing. Studies have shown that dividend-paying stocks tend to hold up much better during market downturns, with an interesting study finding that they declined…