As we head into the United Nations’ 31st annual flagship climate conference (COP31), to be held next week in Antalya, Türkiye, greenwashing presents a large and growing problem in the private sector. As the tech sector’s greenhouse gas emissions explode against the backdrop of the artificial intelligence boom and the clean energy incentives dry up under the Trump administration, Big Tech and Wall Street alike are funding a boom in natural gas, all under the guise of funding the future of clean energy. “On Wall Street, the…

The United States boasts the largest nuclear power production capacity in the world, but decades of insufficient funding and policy support is now posing an existential threat to the ageing sector. In the past decade, the United States has added just one new nuclear power plant to its fleet, while many more plants are drawing close to being decommissioned, at a time when clean, round-the-clock energy production has never been more needed. The Trump administration has been bullish about restoring the country’s nuclear energy sector to its…

Some of the world's biggest oil traders are asking Washington for permission to put sanctioned tankers back to work, as a global vessel shortage pushes oil transportation costs to extraordinary levels. Trafigura, Vitol, Mercuria and Abu Dhabi National Oil Co. are negotiating with U.S. officials for licenses to purchase or lease blacklisted oil tankers, Bloomberg reported Friday, citing people familiar with the discussions. The talks involve approximately 50 vessels currently under U.S. sanctions. Treasury officials are considering approvals on…

Some of the world's biggest oil traders are asking Washington for permission to put sanctioned tankers back to work, as a global vessel shortage pushes oil transportation costs to extraordinary levels. Trafigura, Vitol, Mercuria and Abu Dhabi National Oil Co. are negotiating with U.S. officials for licenses to purchase or lease blacklisted oil tankers, Bloomberg reported Friday, citing people familiar with the discussions. The talks involve approximately 50 vessels currently under U.S. sanctions. Treasury officials are considering approvals on…

For much of the past decade, energy debates often pitted fossil fuels against clean energy. Governments announced dates for phasing out technologies, investors tried to anticipate which industries would lose favor, and energy policy increasingly became entangled with political identity.  The war with Iran has exposed the limitations of approaching energy policy that way. When supplies are disrupted and prices rise sharply, governments become much less interested in ideological consistency and much more interested in keeping fuel available,…

The total number of active drilling rigs for oil and gas in the United States rose slightly this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US rising to 604, up 56 from this same time last year. The number of active oil rigs rose by 1, to 463 during the latest reporting period, according to the data. This is 49 above this same time last year. The number of gas rigs also rose by 1 to 131, which is just 3 more than this time last year. Miscellaneous rigs slipped by a single rig down to 10. The…

India’s state-owned Oil and Natural Gas Corp. (ONGC) is negotiating to take over operations at two Venezuelan oil projects within six months, a move that could give it control over production and sales at fields where it is owed more than $500 million in dividends. The company's overseas arm, ONGC Videsh, is in advanced discussions with Venezuelan and U.S. authorities, finance chief Anupam Agarwal told analysts Friday. The company expects agreements to be finalized within three to six months. ONGC currently holds investments in the San Cristobal…

India’s state-owned Oil and Natural Gas Corp. (ONGC) is negotiating to take over operations at two Venezuelan oil projects within six months, a move that could give it control over production and sales at fields where it is owed more than $500 million in dividends. The company's overseas arm, ONGC Videsh, is in advanced discussions with Venezuelan and U.S. authorities, finance chief Anupam Agarwal told analysts Friday. The company expects agreements to be finalized within three to six months. ONGC currently holds investments in the San Cristobal…

For more than half a century, Norway’s oil and gas production has been underpinned by a handful of very large discoveries, the last of which, Wisting in the Barents Sea, was made more than a decade ago. Since then, exploration on the Norwegian Continental Shelf (NCS) has increasingly focused on smaller finds close to existing infrastructure, allowing operators to bring new volumes online faster and at lower cost. While this approach has helped sustain production in the near term, it will not be enough to arrest the NCS’s projected decline…

The Strait of Hormuz crisis and the spike in fuel prices are pushing faster renewable energy deployment across the world, the International Energy Agency (IEA) said in a new report on Friday.  For the first time, emerging markets outside China are set to match the clean energy capacity additions in advanced economies through 2031, the agency said in its Renewables 2026 report with analysis and forecasts through 2031.    Following the Middle East crisis and the spike in fuel prices, renewables have risen to the top of the policy…

The Strait of Hormuz crisis and the spike in fuel prices are pushing faster renewable energy deployment across the world, the International Energy Agency (IEA) said in a new report on Friday.  For the first time, emerging markets outside China are set to match the clean energy capacity additions in advanced economies through 2031, the agency said in its Renewables 2026 report with analysis and forecasts through 2031.    Following the Middle East crisis and the spike in fuel prices, renewables have risen to the top of the policy…

The Strait of Hormuz crisis and the spike in fuel prices are pushing faster renewable energy deployment across the world, the International Energy Agency (IEA) said in a new report on Friday.  For the first time, emerging markets outside China are set to match the clean energy capacity additions in advanced economies through 2031, the agency said in its Renewables 2026 report with analysis and forecasts through 2031.    Following the Middle East crisis and the spike in fuel prices, renewables have risen to the top of the policy…

The Strait of Hormuz crisis and the spike in fuel prices are pushing faster renewable energy deployment across the world, the International Energy Agency (IEA) said in a new report on Friday.  For the first time, emerging markets outside China are set to match the clean energy capacity additions in advanced economies through 2031, the agency said in its Renewables 2026 report with analysis and forecasts through 2031.    Following the Middle East crisis and the spike in fuel prices, renewables have risen to the top of the policy…

The Strait of Hormuz crisis and the spike in fuel prices are pushing faster renewable energy deployment across the world, the International Energy Agency (IEA) said in a new report on Friday.  For the first time, emerging markets outside China are set to match the clean energy capacity additions in advanced economies through 2031, the agency said in its Renewables 2026 report with analysis and forecasts through 2031.    Following the Middle East crisis and the spike in fuel prices, renewables have risen to the top of the policy…

Reduced domestic inventories will likely result in significantly lower Chinese exports of diesel in November amid the global diesel crisis, analysts at Energy Aspects say as they slashed their estimates of Chinese shipments this month. Energy Aspects now sees China’s diesel exports at about 580,000 tons in November, down by 400,000 tons from the previous assessment, according to a note carried by Bloomberg. However, there could be upward revisions to the new forecast as refiners may ramp up shipments if domestic demand starts to drop off…

Reduced domestic inventories will likely result in significantly lower Chinese exports of diesel in November amid the global diesel crisis, analysts at Energy Aspects say as they slashed their estimates of Chinese shipments this month. Energy Aspects now sees China’s diesel exports at about 580,000 tons in November, down by 400,000 tons from the previous assessment, according to a note carried by Bloomberg. However, there could be upward revisions to the new forecast as refiners may ramp up shipments if domestic demand starts to drop off…

Oil prices plunged 15% this week as hopes of a U.S.-Iran peace deal fueled bearish sentiment, despite continued attacks in the Strait of Hormuz.   Friday, November 06, 2026 Oil prices are set to record one of the steepest weekly losses in recent memory, with ICE Brent sliding a hefty 15% week-on-week to $99 per barrel on expectations of US-Iran diplomatic progress and a weakening window of opportunity for the Trump administration to continue hostilities in the Middle East. Whilst talk of a global supply glut might be a little premature –…

President Donald Trump spent the final weeks of the US midterm campaign predicting that the war with Iran would end "right after the election." With the votes now in, his Republican Party is reeling from losing both chambers of Congress in a rout that his own vice president blamed squarely on the conflict. "The reason we lost is the war," Vice President JD Vance wrote on X on November 4. Trump called the assessment "largely true" but said he would make the same decision again because “you can’t let Iran have a nuclear weapon.”…

Most European countries expect higher investments in their grid infrastructure through 2030 after more than doubling annual investments since 2019, the European Union Agency for the Cooperation of Energy Regulators (ACER) said in a report on Friday. A total of 22 out of 24 countries reviewed in the report raised annual investments in grids last year compared to 2019, with a 155% increase on average, ACER said in its Monitoring Report, Energy infrastructure development in Europe 2026. The highest growth in grid investments was seen in Germany, Greece,…

Most European countries expect higher investments in their grid infrastructure through 2030 after more than doubling annual investments since 2019, the European Union Agency for the Cooperation of Energy Regulators (ACER) said in a report on Friday. A total of 22 out of 24 countries reviewed in the report raised annual investments in grids last year compared to 2019, with a 155% increase on average, ACER said in its Monitoring Report, Energy infrastructure development in Europe 2026. The highest growth in grid investments was seen in Germany, Greece,…