Attack Risks Rise for Tankers as Iran Vows to Block More Hormuz Routes

(Reuters) – Tankers are facing a higher risk of attacks and intimidation as they try to get critical shipments through the Strait of Hormuz after Iran issued new warnings it would block routes that it has not authorized, sources said. Last week already saw the biggest number of attacks on tankers in the key waterway …

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Asia Races to Stockpile Oil, Speed Up Renewables in Response to Iran War

By Mikhail Flores, Nestor Corrales and Sudarshan Varadhan Philippines to create national oil reserve by end of 2027, Garin says ASEAN members target 30% renewables in primary energy supply and 45% in installed capacity Southeast Asia took 80% of oil shipped through Strait of Hormuz before Iran war MANILA, Oct 8 (Reuters) – Asian countries …

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Venture Global Breached LNG Supply Deal With Galp, Tribunal Rules

Damages hearing is expected in 2027 or 2028, with any final award capped at $170 million Only outstanding arbitration is with Poland’s Orlen and resolution ​s expected by end of year One of three ICC tribunal arbitrators dissented, Venture Global says Oct 8 (Reuters) – Venture ‌Global (VG.N) said on Thursday an arbitration tribunal found …

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Explainer: Data Centers’ ‘Flexible’ Power Usage Could Save the Grid Billions. Can They Scale?

By Kavya Balaraman Oct 8 (Reuters) – Technology companies and utilities are increasingly exploring ways to make power-hungry data centers more flexible in when and how they consume electricity, helping ease the strain on US power grids as ​AI-driven demand surges. The strategy, called “demand response”, involves data centers temporarily reducing or shifting electricity use …

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Battle for Mideast Oil Market Share Has already Begun: Bousso

Reuters Middle East oil producers have launched a battle to recapture market share lost during the Iran war, setting current and former OPEC members on a collision course as traffic through the Strait of Hormuz gradually recovers. Such turf battles usually send crude prices plummeting, yet consumers are unlikely to see much relief at the …

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MIDLAND BASIN: Barnett-Woodford Holds Largest Undeveloped Oil Resource in the Midland Basin – ENVERUS

EIR highlights 6,400+ locations and ~3 Bbbl of recoverable oil as well performance strengthens across basin CALGARY, Alberta (Oct. 7, 2026) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the leading energy data analytics platform, is releasing a series of reports on inventory, economics and development trends across key North American oil and gas …

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Who Controls the Critical Minerals Powering AI? – Visual Capitalist

By Srijaa Chatterjee Three Critical Minerals Behind the AI Supply Chain Key Takeaways: China accounts for 99% of estimated global processed gallium production and 69.2% of rare earth mine production. The Democratic Republic of the Congo produces 52% of the world’s tantalum, followed by Rwanda and Nigeria. These lesser-known materials are used in high-performance semiconductors, …

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EPA Says Will Rescind Policy Targeting Oil and Gas Industry Methane Leaks

(Reuters) – The US Environmental Protection Agency on Wednesday said it is days away from proposing to rescind a Biden-era policy that sought to rein in large leaks of methane, a potent greenhouse gas, from oil and gas operations. The move is part of a broad Trump administration effort to slash regulations that it says …

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About 25% of Gulf of Mexico Oil Output Shut in Due to Isaias, US Agency Says

(Reuters) – US Gulf of Mexico oil and gas producers had shut in about 25.08% of current oil production and 16.37% of current natural gas production as of Wednesday, as operators responded to Tropical Storm Isaias, according to the Marine Minerals Administration. The regulator said personnel had been evacuated from eight production platforms, representing 2.16% …

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QatarEnergy’s LNG Expansion Project Poised to Start Operations in November, Sources Say

(Reuters) – The first liquefied natural gas train under QatarEnergy’s North Field East expansion project will be ready to start operation in November, two people aware of the company’s plans said, offering Qatar a path to restoring some output lost to Iranian attacks. Launching the train would be a major milestone for the world’s largest …

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