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Wars May Spur Faster Electrification

The wars in Ukraine and the Middle East have prompted an increase in EV sales to avoid retail fuel inflation and gas demand destruction in favor of other power generation sources. With COP31 starting next week, some participants have signaled that faster electrification could become the focus of the event. “I would like to see a strong outcome on electrification in our presidency-led decision,”…

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The U.S. Has $50 Billion for Nuclear Waste and Nowhere to Put It

Finland and the United States are exemplifying two opposing approaches to managing the mounting problem of spent nuclear fuel. Finland is about to open the world’s first permanent nuclear waste disposal facility. The United States is stuck in a cycle of endless political turnover and resultant gridlock about how to address the more than 90,000 metric tons of spent fuel sitting in temporary…

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Egypt Eyes Billions in New Investment to Revive Oil and Gas Production

The Egyptian government is doubling down on its plans to accelerate the development of its oil and gas resources. Egypt now aims to achieve a production capacity of 6.6 billion cubic feet per day by 2027, supported by increased drilling, new exploration incentives, and greater investment from international oil and gas majors. In October, the Egyptian Minister of Petroleum and Mineral Resources,…

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Trump-Backed Trade Corridor Advances Despite Geopolitical Resistance

Armenian officials have commenced design work for the TRIPP trade corridor, even though an operating agreement with the United States remains to be finalized. US and Armenian officials announced in January a preliminary agreement outlining the establishment of an entity, TRIPP Development, that would manage the corridor. The agreement sketched TRIPP Development’s ownership structure but left…

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America’s Hydrogen Revolution Stalls Amid Funding Cuts and Weak Demand

Just a few years ago, the United States was developing new hydrogen hubs to support energy diversification and help achieve a green transition. However, the development of these fuel hubs has not proceeded as expected, with several major projects stalling and political support faltering. The Biden administration showed broad support for hydrogen production, aiming to massively expand the sector…

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Wall Street’s “Energy Transition” Funds Are Packed With Natural Gas

As we head into the United Nations’ 31st annual flagship climate conference (COP31), to be held next week in Antalya, Türkiye, greenwashing presents a large and growing problem in the private sector. As the tech sector’s greenhouse gas emissions explode against the backdrop of the artificial intelligence boom and the clean energy incentives dry up under the Trump administration, Big Tech and Wall…

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America’s Nuclear Revival Is Running Into a Fuel Supply Wall

The United States boasts the largest nuclear power production capacity in the world, but decades of insufficient funding and policy support is now posing an existential threat to the ageing sector. In the past decade, the United States has added just one new nuclear power plant to its fleet, while many more plants are drawing close to being decommissioned, at a time when clean, round-the-clock…

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Energy Reliability Is Becoming More Important Than Energy Politics

For much of the past decade, energy debates often pitted fossil fuels against clean energy. Governments announced dates for phasing out technologies, investors tried to anticipate which industries would lose favor, and energy policy increasingly became entangled with political identity. The war with Iran has exposed the limitations of approaching energy policy that way. When supplies are…

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U.S. Oil, Gas Drillers See Minor Uptick as Oil Prices Crash

The total number of active drilling rigs for oil and gas in the United States rose slightly this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US rising to 604, up 56 from this same time last year. The number of active oil rigs rose by 1, to 463 during the latest reporting period, according to the data. This is 49 above this same time last…

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ONGC Moves to Take Over Venezuelan Oilfields, Recover $500 Million

India’s state-owned Oil and Natural Gas Corp. (ONGC) is negotiating to take over operations at two Venezuelan oil projects within six months, a move that could give it control over production and sales at fields where it is owed more than $500 million in dividends. The company's overseas arm, ONGC Videsh, is in advanced discussions with Venezuelan and U.S. authorities, finance chief Anupam…

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Norway’s Oil and Gas Industry Faces a Major Decline Without New Discoveries

For more than half a century, Norway’s oil and gas production has been underpinned by a handful of very large discoveries, the last of which, Wisting in the Barents Sea, was made more than a decade ago. Since then, exploration on the Norwegian Continental Shelf (NCS) has increasingly focused on smaller finds close to existing infrastructure, allowing operators to bring new volumes online faster…

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IEA Sees 4,800 GW of New Renewables by 2031

The Strait of Hormuz crisis and the spike in fuel prices are pushing faster renewable energy deployment across the world, the International Energy Agency (IEA) said in a new report on Friday. For the first time, emerging markets outside China are set to match the clean energy capacity additions in advanced economies through 2031, the agency said in its Renewables 2026 report with analysis and…

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Energy Aspects Slashes Forecast of China’s November Diesel Exports

Reduced domestic inventories will likely result in significantly lower Chinese exports of diesel in November amid the global diesel crisis, analysts at Energy Aspects say as they slashed their estimates of Chinese shipments this month. Energy Aspects now sees China’s diesel exports at about 580,000 tons in November, down by 400,000 tons from the previous assessment, according to a note carried by…

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The Iran War Isn't Over, but Oil Traders Are Already Pricing In Peace

Oil prices plunged 15% this week as hopes of a U.S.-Iran peace deal fueled bearish sentiment, despite continued attacks in the Strait of Hormuz. Friday, November 06, 2026 Oil prices are set to record one of the steepest weekly losses in recent memory, with ICE Brent sliding a hefty 15% week-on-week to $99 per barrel on expectations of US-Iran diplomatic progress and a weakening window of…

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Trump’s Iran Strategy Reaches a Critical Crossroads After Midterm Defeat

President Donald Trump spent the final weeks of the US midterm campaign predicting that the war with Iran would end "right after the election." With the votes now in, his Republican Party is reeling from losing both chambers of Congress in a rout that his own vice president blamed squarely on the conflict. "The reason we lost is the war," Vice President JD Vance wrote on X on November 4. Trump…

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