U.S. President Donald Trump’s core financial strategy for ending Russia’s war in Ukraine is to starve it of oil and gas revenue. The initial focus of this from Washington’s perspective in the immediate aftermath of the 24 February 2022 invasion was to stop Europe, especially its de facto leader Germany, from continuing to import the huge quantities of cheap gas and oil that had powered its economic expansion from the late 1990s. The U.S.’s efforts at that point were broadly successful, and the pressure is now on Europe to…

The Dallas Federal Reserve’s latest Energy Survey, which tracks activity across Texas, northern Louisiana, and southern New Mexico, shows a clear cooling in the U.S. oil sector. After years of relentless growth driven by the shale boom, responses this quarter point to a sector that is slowing down and recalibrating in the face of new pressures. For the second consecutive quarter, drilling and completion activity declined. Operators are scaling back exploration budgets, and the aggressive growth that defined shale’s early years has given…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States increased by 2.780 million barrels in the week ending October 3. Analysts had forecast a 2.25 million build for the week. Today’s figures come after three consecutive weeks of draws, including a 3.674 million barrel draw in the week ending September 26. So far this year, net crude oil inventories have rose by just 557,000 barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States increased by 2.780 million barrels in the week ending October 3. Analysts had forecast a 2.25 million build for the week. Today’s figures come after three consecutive weeks of draws, including a 3.674 million barrel draw in the week ending September 26. So far this year, net crude oil inventories have rose by just 557,000 barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude…

As the US aims to decouple from Chinese supply chains by doubling down on its domestic oil and gas resources, industries such as offshore wind have faced a barrage of economic challenges, from stop-work orders, to tax break rollbacks and rising inflationary costs. Despite unfavorable conditions in the US, Rystad Energy research shows new global offshore wind capacity will reach 16 gigawatts (GW) by the end of 2025 due to projects already underway, with two thirds of them being developed in China. By 2030, Rystad Energy forecasts China’s offshore…

The United States is on track to break yet another oil production record this year, but the Energy Information Administration (EIA) says the resulting supply glut could drag prices lower in the months ahead. In its October outlook, the EIA raised its forecast for U.S. crude production to 13.53 million barrels per day (bpd) for 2025, up from a forecast of 13.44 million bpd previously. That’s well above last year’s record 13.23 million bpd and reflects stronger-than-expected output in July, along with faster ramp-ups from new offshore…

The United States is on track to break yet another oil production record this year, but the Energy Information Administration (EIA) says the resulting supply glut could drag prices lower in the months ahead. In its October outlook, the EIA raised its forecast for U.S. crude production to 13.53 million barrels per day (bpd) for 2025, up from a forecast of 13.44 million bpd previously. That’s well above last year’s record 13.23 million bpd and reflects stronger-than-expected output in July, along with faster ramp-ups from new offshore…

A few years ago, clean hydrogen in Europe seemed stuck in ambition. Targets were bold, but execution was thin. That’s changing fast, thanks to a smart new mechanism that tackles one of hydrogen’s toughest challenges: bridging the cost gap between low-carbon hydrogen and fossil-derived alternatives. Auctions that de?risk and prioritize The European Hydrogen Bank operates via competitive auctions under the Innovation Fund. Producers bid on a fixed-premium subsidy per kilo of hydrogen for up to ten years. Only projects with credible offtake…

The U.S. is entering the winter heating season with healthy propane inventories—an encouraging signal for weather-driven energy markets. According to the Energy Information Administration, stocks are at about 103 million barrels in mid-October, about 13 million barrels above the five-year average for this time of year. The EIA said propane gas-plant production was up about 5% in the first seven months of 2025 compared with the same period in 2024. Propane spot prices at Mont Belvieu averaged about $0.70 per gallon in late September, roughly…

Via Metal Miner The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 0.82% rise from September to October. U.S. Steel Prices Remain in Search of a Bottom U.S. steel prices continued to soften throughout September as they entered Q4 in search of a new low. Based on their October 3 close, HRC prices have now unraveled $80/st from their late March peak, leaving them sitting at their lowest level since February.  While they remained somewhat slow, the second and third quarters showed largely steady bearish momentum across…

Russian forces struck several sites across Ukraine, including a medical facility in the northeastern city of Sumy, after Kyiv carried out a massive drone attack on Russia's Belgorod region, knocking out power to thousands of homes. Oleh Hryhorov, the head of the Sumy regional military administration, said on October 6 that 166 people, including 11 children, were in the medical facility at the time of the attack. According to preliminary reports, there were no casualties. Andriy Yermak, the head of Ukraine's Presidential Office, gave further details,…

Argentina’s prized shale basin Vaca Muerta, once hailed as the key to transforming the country into a global energy exporter, is now facing a period of stagnation and uncertainty. Lower oil prices, rising costs, and policy constraints have slowed drilling and fracking, raising questions about whether the formation can deliver the government’s ambitious export goals. According to Reuters, drilling and fracking activity in Vaca Muerta — the world’s fourth-largest unconventional oil reserve — has begun to plateau, with…

Argentina’s prized shale basin Vaca Muerta, once hailed as the key to transforming the country into a global energy exporter, is now facing a period of stagnation and uncertainty. Lower oil prices, rising costs, and policy constraints have slowed drilling and fracking, raising questions about whether the formation can deliver the government’s ambitious export goals. According to Reuters, drilling and fracking activity in Vaca Muerta — the world’s fourth-largest unconventional oil reserve — has begun to plateau, with…

Chevron’s El Segundo refinery in California is producing fuels at reduced rates following last week’s massive fire, the supermajor said on Tuesday, adding it is working to restart units that were shut down after the incident. Following an explosion of a yet-to-be-determined nature, a large fire broke out on Thursday night at Chevron’s 280,000-bpd refinery in El Segundo in the Los Angeles area. The fire was later contained, the police in El Segundo said, adding there wasn’t a call for residents to evacuate. “The refinery…

A newly released report by ChargerHelp! shows that while 64% of Americans now live within two miles of an electric vehicle charging station, nearly one-third of charging attempts fail. Despite charging infrastructure showing 98.7% to 99% uptime rates, only 71% of charging attempts actually succeed, according to the 2025 EV Charging Reliability Report. The report analyzed more than 100,000 sessions across 2,400 chargers. The report argues that instead of focusing on site uptime statistics, the first-time charge success rate (FTCSR) provides…

Alberta Premier Danielle Smith is negotiating with the federal government and Prime Minister Mark Carney on the newly proposed oil pipeline from the oil-producing province to the West Coast. Smith and Carney met in Ottawa on Monday as the Alberta Premier was arriving in the capital for meetings while the federal PM was departing for talks with U.S. President Donald Trump in Washington D.C. Smith and Carney discussed energy opportunities and Carney said that Alberta and the federal government have a lot to talk about how they could cooperate to…

Sub-$70 oil is squeezing margins, forcing Exxon, Chevron, and BP to rethink $100 billion in annual returns. Dividends to Dry Up as Sub-$70 Crude Squeezes Supermajors - Amidst fears of oversupply and tariff-impacted demand slowdown, global oil majors are widely expected to start cutting their shareholder payouts as sub-70 oil prices loom large over the horizon.- Most majors need oil prices above $80 per barrel to sustain current levels of dividends and share buybacks, with France’s TotalEnergies already flagging that it will reduce buybacks…

The EU plans to impose sanctions on three companies that have provided false flags to tankers of the Russian shadow fleet, Bloomberg reported on Tuesday, citing documents it has reviewed.  The companies have provided false flags of Aruba, Curacao, and Sint-Maarten to at least eight tankers sanctioned by the EU, according to the documents.   The potential sanctions against the entities enabling the shadow fleet are part of the European Union’s 19th sanctions package, which the EU member states are currently discussing. …

The Armenian government is playing the field in search of the best deal to construct a new nuclear power plant to replace the aging Metsamor facility. Prime Minister Nikol Pashinyan announced during a question-and-answer session in parliament that negotiations are ongoing with several nations. He added that the government had already decided that Metsamor’s replacement will be a “small modular” reactor. “Now the next question is: with whom will we build, with whom will we cooperate?” he said. Pashinyan went…

Ukraine has discussed with G7 countries additional natural gas imports as it seeks to boost imports by 30% to offset the damage from Russian strikes on its gas infrastructure, Ukrainian Energy Minister Svitlana Grynchuk said on Tuesday.  In recent weeks, Russian strikes have caused “significant” damage to the gas production capacity of Ukraine, the minister told reporters during a briefing in Kyiv, without providing details.  On Monday, Grynchuk wrote on Facebook that Ukraine continues to communicate with partners on strengthening…