Energy
LATEST NEWS FROM ENERGY
Energy
Venture Global misses quarterly estimates as lower LNG prices, higher costs weigh
Venture Global missed analysts' estimates for quarterly revenue and adjusted core profit on Tuesday, as lower LNG prices at its Calcasieu Pass facility and higher operating and bo...
Energy
Uniper CEO predicts high gas prices as long as Strait of Hormuz shut
Uniper expects gas prices to remain at around €50 to €60 per megawatt hour as long as the Strait of Hormuz is closed to shipping, the CEO of Germany's biggest gas importer said.
Energy
Jellyfish-hit French nuclear plant shuts down three reactors
Three reactors at France's Gravelines nuclear power plant were shut down late on Monday due to a massive swarm of jellyfish, triggering preventative measures put in place last yea...
Energy
US fuel sales to Cuban business bring a glimpse of capitalism to Havana
Gasoline at $38 a gallon sold from cramped apartments. Diesel hawked on Instagram by a celebrity model to a reggaeton soundtrack. Six decades after Fidel Castro’s revolution, all o...
Energy
Ukrainian military says it attacked oil refinery in Russia's Orsk
The Ukrainian military said on Tuesday it attacked an oil refinery in the Russian city of Orsk, the second-largest city in the Orenburg region and an important industrial hu...
Energy
Romania could shut down nuclear reactor on Thursday as Danube levels fall
Romanian state-owned nuclear power producer Nuclearelectrica could shut down its last working reactor on August 13 as levels on the Danube river continue to fall, it said on Tuesda...
Energy
CEZ raises its outlook again due to rising energy prices
Czech utility CEZ lifted its outlook for a second straight quarter on Tuesday due to a rise in prices and nuclear power generation resulting from the Middle East conflict.
Energy
Coal India weighs buying Canada's Wealth Minerals unit for Chile lithium assets, sources say
Coal India , the world's largest coal miner, is considering acquiring a unit of Canada's Wealth Minerals with lithium mining assets in Chile, two sources familiar with the matter...
Energy
European power prices jump as heatwave curbs French nuclear output, German wind
A fifth summer heatwave lifted European spot power prices by more than 20% with high temperatures expected to further curtail nuclear power production in France, while German wind...
Energy
Uniper's first-half core profit rises on stronger gas business
German state-owned utility Uniper on Tuesday reported that core profit nearly doubled in the first half of 2026, boosted by the absence of negative impact on the group's gas bus...
Energy
Malaysia renews 10-year energy plan, targeting savings of around $21.5 billion
Malaysia on Tuesday renewed a 10-year action plan to improve energy efficiency, targeting savings of around $21.5 billion.
Energy
Oil steadies near one-week highs as US-Iran peace deal hopes dim
Oil prices steadied on Tuesday at more than one-week highs amid fading hopes of a deal between the U.S. and Iran to end their war and reopen the Strait of Hormuz, after President ...
Energy
US sells for scrap two sanctioned oil tankers seized after Venezuela raid
The U.S. government has sold for scrap two sanctioned oil tankers that were seized in the days after Washington's raid on Venezuela, Lloyd's List reported on Monday.
Energy
Argentina's YPF reports $1.21 billion second quarter net profit
Argentina's state oil firm YPF on Monday reported a net profit of $1.21 billion in the second quarter of 2026, compared with $58 million seen a year earlier, citing higher shale ...
Energy
Diesel prices surge on tightening global supply
U.S. and European diesel prices rose sharply on Monday after attacks on refineries in Russia and Saudi Arabia added to supply disruptions, raising concerns for farmers in need of ...
Energy
BP to sell 20% stake in Venezuela's Cocuina gas field to Trinidad's NGC, sources say
BP has agreed to sell a 20% stake in the Venezuelan portion of the cross-border Cocuina-Manakin natural gas field to Trinidad and Tobago's state-owned National Gas Company (NGC), ...
Energy
Global traders, financial groups expand into Brazil's power market
Global commodities traders and financial firms, including Trafigura, StoneX and Macquarie, are expanding into Brazil's electricity trading market, betting on rising price volatili...
Energy
OPEC oil output rises further in July led by Gulf producers, Reuters survey shows
OPEC oil output rose further in July, a Reuters survey found, as Gulf members restored supplies that were shut due to the Iran war and effective closure of the Strait of Hormuz.
Energy