October 2026 (Volume: 43 / Issue: 10)
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Tag: US

Energy, Oil & Gas

Brent crude hits $110 as Middle East tensions fuel supply fears

Brent touched $110 a barrel for the first time since May on Friday on worries that escalating tensions in the Middle East could further tighten supplies, while investors assessed how much diesel Russia could supply ‌to the global market, said a report. At least nine commercial ships have come under attack near Hormuz over this week. ...

Energy, Oil & Gas

Desert Tech, EnerVenue to launch 215 kWh energy storage pilot in Saudi Arabia

Desert Technologies, a leading Saudi clean energy and smart infrastructure company, has signed an agreement with US energy storage technology company EnerVenue to explore the deployment of advanced energy storage solutions in the kingdom, including a 215 kilowatt-hour (kWh) energy storage pilot planned for the first quarter of 2027. ...

Energy, Oil & Gas

OPEC cuts 2026 global oil demand growth forecast to 400,000 bpd

The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its forecast for global oil demand growth in 2026 to 400,000 barrels per day, down from an estimate of 1.4 million barrels per day at the beginning of the year....

Energy, Oil & Gas

Russia eases diesel export curbs after Trump-Putin deal

Russia has announced that it had lifted some restrictions on diesel exports, following an agreement between Russian President Vladimir Putin and US President Donald Trump to allow Russian diesel supplies to reach US and international markets. ...

Energy, Oil & Gas

Brent crude climbs above $103 on supply fears

Oil prices rose on Monday (October 5), supported by renewed concerns over potential disruptions to crude supplies from the Middle East. Brent crude futures gained 81 cents, or 0.79 per cent, to reach $103.06 a barrel by 2202 GMT....

Energy, Oil & Gas

Gulf oil flows recover as Hormuz traffic rises; Brent stays above $100

Brent crude held above $103 a barrel early Wednesday as a sharp recovery in oil flows through the Strait of Hormuz offered some relief to a market still grappling with the effects of the prolonged Iran conflict and uncertainty over the waterway's future....

Energy, Oil & Gas

Over 1bn barrels of crude oil transit Hormuz in two months, says US Centcom

US forces had supported the safe transit of more than one billion barrels of crude oil through the Strait of Hormuz over the past two months, said its top official, adding that they had facilitated the transit of more than 2,000 commercial vessels through the Strait with “co-ordinated protection”. ...

Energy, Oil & Gas

US crude inventories rise by 7.1m barrels

US inventories of crude oil, gasoline and distillates increased in the week ending September 11, according to data from the American Petroleum Institute. Crude stocks rose by 7.1 million barrels, while gasoline inventories increased by 1.5 million barrels and distillates climbed by 1.6 million barrels week-on-week....

Energy, Oil & Gas

OECD NEA, US to explore pathways for scaling up nuclear energy

The OECD Nuclear Energy Agency (NEA) and the US will co-host the Roadmaps to New Nuclear 2026 conference in Paris on September 17–18, bringing together government officials, industry leaders, investors and nuclear energy experts....

Energy, Oil & Gas

US oil output set to hit record 13.8m b/d in 2026: EIA

US crude oil production is expected to hit a record 13.8 million barrels per day (b/d) in 2026, surpassing the previous high of 13.7 million b/d set in 2025, according to the US Energy Information Administration’s (EIA) latest Short-Term Energy Outlook....

Energy, Oil & Gas

US inflation steady at 3.4pc as petrol prices push costs higher

US inflation held at 3.4 per cent in August, while monthly consumer prices accelerated sharply to 0.4 per cent from 0.1 per cent in July. Rising petrol prices, up 3.9 per cent, drove about one-third of the overall monthly increase....

Energy, Oil & Gas

Shell to take full ownership of Tri Star Energy in US expansion

Shell has agreed to increase its stake in US convenience store operator and fuel distributor Tri Star Energy from 33 per cent to 100 per cent, strengthening its company-owned retail presence in the southeastern US, particularly around Nashville....

Energy, Oil & Gas

Venezuela's interim President says US energy pact to run for 25 years

Venezuelan interim President Delcy Rodriguez said that a new energy agreement with the US will remain in force for 25 years, targeting crude oil production of more than 1.5 million barrels per day (bpd) while preserving Venezuela’s sovereignty over its natural resources....

Energy, Oil & Gas

US, Venezuela reach major deal covering 65bn barrels of oil

The US and Venezuela have reached a major oil agreement granting Washington access to more than 65 billion barrels of reserves, with President Donald Trump calling it the “biggest oil deal in world history.” Venezuela says the agreement could attract more than $100 billion in investment....

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