WASHINGTON, Feb 12 (Reuters) – U.S. President Donald Trump said on Thursday that billionaire energy entrepreneur and Republican donor Harry Sargeant III has no authority to act on behalf of the U.S., adding that relations between the U.S. and Venezuela had been “extraordinary.” “He has no authority, in any way, shape, or form, to act …
Feb 12 (Reuters) – The U.S. Treasury Department on Thursday unveiled interim rules for enforcing provisions in President Donald Trump’s new tax law that restrict companies from claiming federal clean energy subsidies if they are overly reliant on Chinese-made equipment. The guidance, which applies to lucrative tax credits for clean energy manufacturing and electricity generation, …
US Publishes Interim Tax Credit Rules Meant to Restrict China Clean Energy Influence Read More »
By Grant Smith Global oil stockpiles accumulated last year at the strongest pace since the 2020 pandemic as supplies soared and demand growth slowed, according to the International Energy Agency. Inventories increased by an “extraordinary” 477 million barrels in 2025, with stocks in OECD nations surpassing their five-year average for the first time in four …
Oil Stockpiles Swelled Last Year by Most Since 2020, IEA Says Read More »
By Andrew Rosati and Annmarie Hordern President Donald Trump’s energy chief said that the US can help Venezuela drive a “dramatic increase” in oil, natural gas and electricity output this year, as Washington works to issue new licenses aimed at “setting free” the country’s economy. Energy Secretary Chris Wright spoke to reporters after meeting with …
Trump Energy Chief Says US Aims to ‘Set Free’ Venezuelan Economy Read More »
By Rakesh Sharma India will need favorable terms to enter into long-term liquefied natural gas purchase deals with the US as the market is highly price sensitive, according to the chief executive officer of the country’s top LNG importer. “India is looking to source energy at the most competitive and affordable price for consumers,” Petronet …
India’s Top LNG Importer Says Favorable Terms Key to US Deals Read More »
Summary Cuba is facing a severe fuel shortage due to US actions Island has warned that jet fuel is no longer available Russia last supplied Cuba with oil in February 2025 Kremlin says it’s discussing assistance with Havana (Reuters) – Russia is preparing to send crude oil and fuel cargoes to Cuba in the near …
Russia to Send Crude Oil and Fuel to Cuba soon, Izvestia Reports Read More »
Summary IEA still projects sizeable global oil supply surplus in 2026 Oil prices rise amid geopolitical tensions and supply outages OPEC+ and other producers boost supply faster than demand Oil slips after IEA report published, still up 14% in 2026 (Reuters) – World oil demand will rise more slowly than expected this year, the International …
Global Oil Demand to Rise More Slowly as Prices Rally, IEA Says Read More »
CALGARY, Alberta, Feb. 11, 2026 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this release. This release …
SM Energy has launched the sales process for some of its natural gas-producing assets in the Eagle Ford shale basin of South Texas as it looks to trim debt following its near $13 billion merger with Civitas, three sources familiar with the matter said. * SM Energy closed the merger last month and took on …
SM Energy is Seeking Buyers for Eagle Ford Natural Gas Assets, Sources Say Read More »
By Marilen Martin Siemens Energy AG’s Chief Executive Officer Christian Bruch has a message for investors worried about surging spending on data centers: Don’t fear a bubble. “So far, we see reservations more or less one to one converting into effective orders,” Bruch said Wednesday on Bloomberg Television. “I’m relatively comfortable going forward that this …
Siemens Energy CEO Sees Data Center Boom Lasting on Power Needs Read More »
