Nearly 10 million barrels a day of global refining capacity is offline...

The Midcontinent Independent System Operator’s power market has saved nearly $100 million this year under a similar approach for topology reconfiguration.

Indian steelmakers are reeling from a jump in coking coal prices this year that is squeezing their margins and delaying capacity expansion in the steelmaking industry.

Abu Dhabi National Oil Company (ADNOC) has just issued its ninth spot tender offering crude oil to buyers for October and November loadings, as the United Arab Emirates continues to push its oil production and exports higher despite the Hormuz crisis.

The reinstated U.S. blockade on Iranian oil exports is effectively preventing Tehran from exporting oil, making Iran’s oil volumes irrelevant for global oil market balances, Bob McNally, president of Rapidan Energy Group, told CNBC on Thursday.

...crude stocks rose for the 3rd straight week, distillates inventories drewdown for the 3rd straight week...

Frustration returns at the pumps as restrictions imposed...

The agency previously said the projects would provide resource adequacy support to the PJM Interconnection and bolster transmission between the Southwest Power Pool and WestConnect regions...

“Nobody on the planet earth consumes crude oil,” Currie told CNBC. Refineries do. Everyone else consumes gasoline, diesel and jet fuel, and those markets look considerably uglier.

Saudi Arabia spent weeks finding ways around the Strait of Hormuz. Now it is starting to send tankers straight back through it.

Britain faces a simple choice...

China is estimated to have added about 200,000 barrels per day (bpd) of crude oil to its huge inventories in July as imports rebounded from a decade-low in June and refinery runs remained depressed.

"Both sources said the plan would require laying entirely new infrastructure rather than rehabilitating existing pipeline."

"The industrial economy either grinds to a halt, or consumers are about to be hit with the biggest energy pass-through in history." 

 

The world is turning back to reliable fossil fuels...

Citizens in some impacted regions told to "refrain from using personal vehicles whenever possible"...

US grid operators and utilities will likely commit to about 28% of the 1,066 gigawatts requested for data center projects. 

Saudi export volumes can no longer be independently verified as a result, with ship-tracking firms issuing conflicting estimates of the same shipments.

...the UK’s new Labour PM, Andy Burnham, is expected to support some new projects, unlike his predecessor, Sir Keir Starmer, who sought to permanently ban new drilling...

State-controlled Indian Strategic Petroleum Reserves Ltd (ISPRL) is finalizing feasibility studies for two new strategic petroleum reserves facilities as the world’s third-largest crude oil importer looks to boost its energy security.