(Reuters) – US President Donald Trump said on Wednesday that “massive oil, gas and mineral exploration”was set to begin on Greenland, a contentious statement on a territory that has resisted his efforts to control it and has banned new drilling for crude. Trump described the Danish Arctic island which is run by a semi-autonomous government …
Trump Says Massive Oil, Gas Exploration Set to Begin in ‘Our Greenland’ Read More »
(Reuters) – The jump to record highs in the cost of shipping oil in supertankers is squeezing profit margins for Asian oil refiners, who are heavily dependent on Middle Eastern crude, the International Energy Agency said in a monthly report. Asian oil refiners have faced the highest transportation costs as cargoes are moved through the …
Record Oil Tanker Rates Put Pressure on Asian Refiners, IEA Says Read More »
(Reuters) – A container ship has sunk near the Strait of Hormuz after being hit by a projectile, while a separate dry bulk carrier damaged in an earlier attack is also reported to be sinking, maritime security sources said on Wednesday. The Singapore-flagged GFS Pride container ship, with a small 2,824 TEU (20-ft equivalent unit) …
Container Ship Sinks Near Hormuz After Being Hit by Projectile, Sources Say Read More »
(Reuters) – A Russia-US deal on supplies of Russian diesel can pave the way for further economic cooperation between the two countries, Kremlin envoy Kirill Dmitriev said on Wednesday, adding that Moscow would overcome any sanctions-related difficulties to ensure the fuel was delivered. US President Donald Trump said last Friday that he and Russian counterpart …
Diesel Deal Opens Way for More Russia-US Cooperation, Kremlin Envoy Says Read More »
(Reuters) – Oil giant Saudi Aramco’s headquarters in Dhahran suffered extensive damage in an attack on Tuesday, with a fire spreading across several floors, three people with direct knowledge of the matter told Reuters. Operations at the complex in eastern Saudi Arabia have continued normally but some employees have been asked to work from home, …
Saudi Aramco Headquarters Suffered Extensive Damage in Houthi Attack, Sources Say Read More »
(Reuters) – The European Commission foresees a “very, very difficult winter” regarding higher energy prices, spokesperson Anna-Kaisa Itkonen said on Wednesday. She added there is an “affordability” crisis and that the situation is very volatile and very unpredictable. Reporting by Inti Landauro, Editing by Charlotte Van Campenhout
(Reuters) – Yemen’s Houthis vowed on Wednesday to press on with attacks on airports and oil facilities in Saudi Arabia and said they struck the headquarters of oil giant Saudi Aramco, which was hit the day before. The Iran-aligned group said it had launched ballistic missiles, cruise missiles and drones at Saudi Aramco facilities in …
Yemen’s Houthis Vow More Attacks on Saudi Airports, Oil Facilities After Aramco HQ Hit Read More »
Persistent supply disruptions and geopolitical uncertainty reinforce EIR’s outlook for elevated oil prices CALGARY, Alberta (Oct. 14, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, has released its latest Fundamental Edge report examining the supply, demand and inventory dynamics shaping global oil markets through 2027. The report …
Declining Oil Inventories Signal Continued Market Tightness Through 2027 Read More »
In a wide-ranging CNN interview with Pamela Brown, Nobel Prize-winning AI pioneer Geoffrey Hinton challenges technology leaders, warns about the dangers of machines becoming smarter than humans, and argues that developing intelligence without compassion could create an unprecedented threat to humanity. EnergyNow Media | October 14, 2026 Geoffrey Hinton, the Canadian-based computer scientist widely …
Industry leaders call for greater investment certainty and diversified energy supplies as OPEC forecasts stronger oil demand in 2027 and attacks on Saudi petroleum infrastructure heighten global energy security concerns. ENERGYNOW MEDIA | October 14, 2026 RIYADH, SAUDI ARABIA — Long-term petroleum investment, global oil demand and escalating threats to energy infrastructure dominated developments surrounding …
