By Gabriel Cohen Key Takeaways The U.S. is the world’s largest economy by nominal GDP in 2026, while China leads when adjusting for purchasing power. India rises from sixth to third place when measured by purchasing power parity (PPP). Indonesia jumps into the global top 10 under PPP, ranking seventh with an economy worth $5.5 …
Ranked: The World’s Largest Economies in 2026 – Visual Capitalist Read More »
By API – American Petroleum Institute Middle East crude exports have approached pre-war levels in recent weeks as producers and shippers find ways to keep oil moving. But the recovery has been uneven, and global energy markets continue to face significant volatility with attacks on tankers increasing again in October. But fluctuations in Middle East oil …
AMERICAN ENERGY SNAPSHOT: Beyond Hormuz – The Pressures Keeping Fuel Markets Tight Read More »
By Andrew Mills Oct 21 – Iran is deliberately prolonging talks with Washington to weaken President Donald Trump before the November 3 midterm elections, senior Iranian officials told Reuters. They say Tehran is preparing for renewed US and Israeli strikes, not a deal. It is doing so as inflation hits 73.6% and seaborne oil exports …
(Reuters) – United Airlines CEO Scott Kirby said on Wednesday the carrier expects fuel prices to remain elevated throughout 2027. Kirby said achieving United’s goal of double-digit pretax margins next year would probably require lower fuel costs, slower industry capacity growth or airlines continuing to prioritize higher fares over fuller planes. The Iran war has …
United Airlines Sees Elevated Fuel Costs Through 2027, Flags Margin Challenges Read More »
(Reuters) – US crude and gasoline stocks fell last week, while distillate inventories rose, the US Energy Information Administration said on Wednesday. Crude inventories fell by 3.06 million barrels to 412.5 million barrels in the week ended October 16, the EIA said, compared with analysts’ expectations in a Reuters poll for a 820,000-barrel draw. Crude …
US Crude and Gasoline Stocks Fall, Distillates Rise, EIA Says Read More »
(Reuters) – Saudi Arabian crude oil exports in August rose by about 7.9% from July to 4.451 million barrels per day, the highest level since March, data from the Joint Organizations Data Initiative showed on Wednesday. The exports rose even as oil production fell to a record low of 6.24 million bpd from 8.135 million …
Saudi Crude Oil Exports Hit Five-Month High in August, Data Shows Read More »
(Reuters) – Ukrainian President Volodymyr Zelenskiy said he hoped for a positive outcome from US envoy Steve Witkoff’s meeting in Russia on Wednesday and that he supports talks between the leaders of Kyiv, Washington and Moscow. Zelenskiy said in an interview with Fox News that his talks with Witkoff in Oslo a day earlier were …
Ukraine’s Zelenskiy Says He Supports Ceasefire, Trilateral Talks With US, Russia Read More »
(Reuters) – The global average crude freight rate remains seven times higher than a year ago and is unlikely to fall sharply while the Middle East conflict persists, posing some upside risk to Goldman Sachs’ Brent price forecast, the bank said in a note dated Tuesday. The global average crude freight rate surged above $20/bbl …
Goldman Says High Freight Costs Pose Upside Risk to its Brent Forecast Read More »
Battery storage leads new capacity additions at 376 GW as demand growth and reliability needs sustain investment in natural gas and nuclear power CALGARY, Alberta (Oct. 21, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, is releasing its latest long-term capacity expansion research, projecting 1,080 gigawatts (GW) …
U.S. Power Grid Set for 1,080 GW Generation Expansion by 2050 Read More »
(Reuters) – US oil and gas companies are accelerating well completions and boosting production in North Dakota, the nation’s third-largest oil-producing state, encouraged by high crude prices, state officials said on Tuesday. “Operators are acting more quickly to move wells to production to capitalize on elevated oil prices,” Richard Suggs, a geologist with North Dakota’s …
