Oil news

Azerbaijan Begins Gas Deliveries to Germany and Austria

Oil news - Fri, 01/16/2026 - 15:00
Azerbaijan’s state energy firm SOCAR has started delivering Azeri natural gas to Germany and Austria, in another milestone for Europe that looks to ditch Russian gas by 2027.  SOCAR has started selling significant volumes of gas via the Trans-Adriatic Pipeline (TAP), the European segment of the Southern Gas Corridor, to the markets of Southern and Central Europe.  Starting January 2026, Azerbaijan’s gas is being supplied to buyers in Austria and Germany, too, SOCAR said in a statement on Friday. The gas supply to Austria and…
Categories: Oil news

Trump Orders Emergency Power Auction for Big Tech AI Data Centers

Oil news - Fri, 01/16/2026 - 14:00
U.S. President Donald Trump is taking action to protect American consumers from soaring electricity bills with plans to direct the biggest U.S. grid operator, PJM, hold an emergency power auction in which Big Tech would bid for power supply for their new data centers and effectively pay for new power plants.  President Trump and governors of several U.S. states, including the data-center hotpots Virginia, Pennsylvania, and Ohio, are expected to announce the plan later on Friday, Bloomberg reports. Under the plan, PJM Interconnection will be…
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