Trending News: Strait of Hormuz Crisis Triggers Global Fertilizer Supply ShockTrump Links Abraham Accords to Any Iran DealMalaysia Secures Fuel Supply Through End of JulyChina’s Solar Additions Drop 79% in April as Domestic Market SlumpsAnalysts Explain Oil Price DropExpert Says Traders Should Brace for July Jump in Oil PricesOil Prices Fall 6% as U.S.-Iran Peace Talks Gain GroundOil Slips to Two-Week Low as US and Iran Seen Moving Closer to DealWhat Needs to be Agreed to End the Iran War?India Raises Fuel Prices for Fourth Time as Oil Crisis Hits ConsumersAustralia Set to Include Existing LNG Deals in Gas Reservation SchemeRubio Plays Down Imminent U.S.-Iran DealSinopec Boosts China’s Shale Oil OutputWestfalen aims to double industrial gas capacity in SwitzerlandTop Stories Of The Day: Solar Tenders, Transmission Expansion, Rooftop Policy Reforms, Corporate PPAs & More…Analysts Explain Oil Price DropUAE Showcases National Hydrogen Strategy And Clean Energy Vision At Global Hydrogen SummitSM Investments Corporation Raises Renewable Energy Usage To 31% In 2025Cypark Shifts To EPCC Model To Drive Renewable Energy Growth And Financial RecoveryOil Prices Plunge Below $100 on Iran Deal OptimismMore Tankers Make It Through the Strait of HormuzChina Coking Coal Prices Surge After Deadly Shanxi Mine BlastGreen Energy Stocks Lead Indian Market Rally As Sensex And Nifty Surge On May 25, 2026Video | What emerging technologies mean for specialty gasesKawasaki, EcoLog partner on midstream liquid hydrogen transportEni expands Asian LNG supply and CCS financingEU Warns Energy Prices Will Stay Elevated Through 2027U.S.-Iran Deal Delayed as Trump Refuses to “Rush” AgreementAnalysis: Security returns to the centre of the hydrogen debateQatar Quietly Ships LNG via Hormuz to Key BuyersUkraine Hits 300,000-Bpd Gazprom Neft Refinery in Overnight Drone StrikeCanada presses oil sands producers on Pathways carbon capture projectPakistan Looks to Host Crude Reserve Sites of Gulf Oil ProducersExplained – Solar Power Evacuation Through Modern Transmission Lines: Challenges and Smart Grid SolutionsDelhi Government Plans CAG Audit Of Discoms Over ₹38,500 Crore Regulatory AssetsU.S. Clean Energy Manufacturing Surges Ahead Despite Policy Hurdles, Reports The American Clean Power AssociationIRENA Roadmap Highlights Urgent Need For Electrification, Grid Expansion, and Energy Storage To Achieve Global Climate Goals—ReportIberdrola Italia Renews Partnership With Sopowerful Foundation To Bring Solar Power To Vulnerable CommunitiesOil Prices Settle Higher on Slow Progress in US-Iran Peace TalksUS Drillers Add Oil/Gas Rigs for Fifth Week in a Row, Says Baker HughesPlains Oil Pipeline Partly Shut Down After Rupture in East Los Angeles, Company SaysThe Key Sticking Points for a US-Iran Peace DealDevon’s Permian Purchase to Extend Drilling Inventory, Cement Top SpotU.S. Oil Operators in North Dakota Cautious on Drilling Despite Price RiseGoldman Sachs Sees China’s Natgas Destocking Boosting LNG Imports Ahead of WinterChina Oil Import Cut, Higher US Exports Wrongfoot Market BullsIndia’s Power Demand Hits Record High as Heat Drives Coal UseIndia Explores Alternative Energy Sources Amid Oil Supply ShockJapan to Welcome First Crude Cargo via Hormuz Since War BeganChina’s Fuel Exports to Remain Low as Curbs PersistTotalEnergies Eyes $100M+ Stake Sales in European Solar and Wind PortfolioExxon May Acquire Rights to Produce Oil in Venezuela, NYT ReportsOil Prices Rise as Investors Doubt Breakthrough in US-Iran Peace TalksEU Regulators to Decide on Baker Hughes’ $13.6 billion Chart Deal by June 26Northern Lights receives fourth CO2 shipUK energy distributor eyes hydrogen for fast-response outage recoveryLufthansa to buy carbon removal credits from 3,000-tonne Canadian DAC plantShell Returns to Dutch Supreme Court in Landmark Climate CaseAlberta Pushes Ahead With Separation Referendum Despite Court ChallengeIndian Markets Close Higher As Energy And Renewable Stocks See Mixed Trading Activity (22 May 2026)CIP secures €200m to scale biomethane in EuropeVietnam breaks ground on $2.3bn LNG power plantBrightHy to install 2MW Chinese electrolyser at Spanish cement facilityO-Green Achieves Financial Close For 93 MW Solar Project In Oman’s Suhar Industrial CityHopewind Secures SCTC Approval Under Malaysia’s TNB FrameworkAntaisolar Launches We Cover Solar Roof One-Stop SolutionMalaysia Launches Suria Home Solar Rebate Scheme To Support 50,000 Homes And Add 250 MW CapacitySyngular Solutions eyes Brazilian BECCS opportunities with French tech providerIBM and US government commit $2bn to first quantum chip foundryOil Exerts Influence Well Beyond Energy MarketAtome picks electrolysers from China’s Sungrow for Paraguay green fertiliser plantVideo | Can the chip industry replace PFAS?Podcast | Technical debrief: testing amine degradation products and MOFs for CO2 captureVideo | Is iridium supply a bottleneck for PEM electrolyses?Oil Could Enter Red Zone by July/August: IEAUK Adds New Tax Pressure as Energy Security Concerns GrowOil Prices Rise as Traders Grow Skeptical of U.S.-Iran DealHelium to be placed on Tanzania critical and strategic minerals listOil Prices Rise As Iran Draws Red Line on UraniumUS Keeps Dakota Access Pipeline Open With Tighter Environmental ChecksAmericans Brace for Pricey Summer Travel With Fuel Costs Near Multi-Year HighsAntares signs long-term HALEU supply deal with UrencoKursk II’s first VVER-TOI ‘has generated 2 billion kWh’Kazakhstan outlines localisation plansPodcast: Sustainability and the UK’s Low Level Waste RepositoryAtucha II granted 10-year licence renewalInside the Unraveling of U.S. Diplomacy Under TrumpUS Natural Gas Storage Capacity Rises in 2025, Says EIAConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls ShortChina Raises Fuel Price Caps Again as Iran War Keeps Oil Markets on EdgeSaudi Oil Export Income Jumped to 3.5-Year High in March as Prices SoaredChina Boosts Oil Stockpiles Despite Import PlungeU.S. Energy Storage Installations Post Record First QuarterChina’s Solar Exports Soar as World Grapples with Energy CrisisJapan’s Crude Imports from Middle East Slump to Lowest on RecordTexas Tech University wins $4.5m state grant for semiconductor developmentUS Energy Storage Additions Hit a First-Quarter Record, Report ShowsDevon Snaps Up Prime Delaware Basin Acreage for $2.6 Billion after Coterra MergerOil Market Clock is Ticking as Supply Crunch Looms: BoussoDutch project secures €150m for biomethane production
Tue. May 26th, 2026
Trending News: Strait of Hormuz Crisis Triggers Global Fertilizer Supply ShockTrump Links Abraham Accords to Any Iran DealMalaysia Secures Fuel Supply Through End of JulyChina’s Solar Additions Drop 79% in April as Domestic Market SlumpsAnalysts Explain Oil Price DropExpert Says Traders Should Brace for July Jump in Oil PricesOil Prices Fall 6% as U.S.-Iran Peace Talks Gain GroundOil Slips to Two-Week Low as US and Iran Seen Moving Closer to DealWhat Needs to be Agreed to End the Iran War?India Raises Fuel Prices for Fourth Time as Oil Crisis Hits ConsumersAustralia Set to Include Existing LNG Deals in Gas Reservation SchemeRubio Plays Down Imminent U.S.-Iran DealSinopec Boosts China’s Shale Oil OutputWestfalen aims to double industrial gas capacity in SwitzerlandTop Stories Of The Day: Solar Tenders, Transmission Expansion, Rooftop Policy Reforms, Corporate PPAs & More…Analysts Explain Oil Price DropUAE Showcases National Hydrogen Strategy And Clean Energy Vision At Global Hydrogen SummitSM Investments Corporation Raises Renewable Energy Usage To 31% In 2025Cypark Shifts To EPCC Model To Drive Renewable Energy Growth And Financial RecoveryOil Prices Plunge Below $100 on Iran Deal OptimismMore Tankers Make It Through the Strait of HormuzChina Coking Coal Prices Surge After Deadly Shanxi Mine BlastGreen Energy Stocks Lead Indian Market Rally As Sensex And Nifty Surge On May 25, 2026Video | What emerging technologies mean for specialty gasesKawasaki, EcoLog partner on midstream liquid hydrogen transportEni expands Asian LNG supply and CCS financingEU Warns Energy Prices Will Stay Elevated Through 2027U.S.-Iran Deal Delayed as Trump Refuses to “Rush” AgreementAnalysis: Security returns to the centre of the hydrogen debateQatar Quietly Ships LNG via Hormuz to Key BuyersUkraine Hits 300,000-Bpd Gazprom Neft Refinery in Overnight Drone StrikeCanada presses oil sands producers on Pathways carbon capture projectPakistan Looks to Host Crude Reserve Sites of Gulf Oil ProducersExplained – Solar Power Evacuation Through Modern Transmission Lines: Challenges and Smart Grid SolutionsDelhi Government Plans CAG Audit Of Discoms Over ₹38,500 Crore Regulatory AssetsU.S. Clean Energy Manufacturing Surges Ahead Despite Policy Hurdles, Reports The American Clean Power AssociationIRENA Roadmap Highlights Urgent Need For Electrification, Grid Expansion, and Energy Storage To Achieve Global Climate Goals—ReportIberdrola Italia Renews Partnership With Sopowerful Foundation To Bring Solar Power To Vulnerable CommunitiesOil Prices Settle Higher on Slow Progress in US-Iran Peace TalksUS Drillers Add Oil/Gas Rigs for Fifth Week in a Row, Says Baker HughesPlains Oil Pipeline Partly Shut Down After Rupture in East Los Angeles, Company SaysThe Key Sticking Points for a US-Iran Peace DealDevon’s Permian Purchase to Extend Drilling Inventory, Cement Top SpotU.S. Oil Operators in North Dakota Cautious on Drilling Despite Price RiseGoldman Sachs Sees China’s Natgas Destocking Boosting LNG Imports Ahead of WinterChina Oil Import Cut, Higher US Exports Wrongfoot Market BullsIndia’s Power Demand Hits Record High as Heat Drives Coal UseIndia Explores Alternative Energy Sources Amid Oil Supply ShockJapan to Welcome First Crude Cargo via Hormuz Since War BeganChina’s Fuel Exports to Remain Low as Curbs PersistTotalEnergies Eyes $100M+ Stake Sales in European Solar and Wind PortfolioExxon May Acquire Rights to Produce Oil in Venezuela, NYT ReportsOil Prices Rise as Investors Doubt Breakthrough in US-Iran Peace TalksEU Regulators to Decide on Baker Hughes’ $13.6 billion Chart Deal by June 26Northern Lights receives fourth CO2 shipUK energy distributor eyes hydrogen for fast-response outage recoveryLufthansa to buy carbon removal credits from 3,000-tonne Canadian DAC plantShell Returns to Dutch Supreme Court in Landmark Climate CaseAlberta Pushes Ahead With Separation Referendum Despite Court ChallengeIndian Markets Close Higher As Energy And Renewable Stocks See Mixed Trading Activity (22 May 2026)CIP secures €200m to scale biomethane in EuropeVietnam breaks ground on $2.3bn LNG power plantBrightHy to install 2MW Chinese electrolyser at Spanish cement facilityO-Green Achieves Financial Close For 93 MW Solar Project In Oman’s Suhar Industrial CityHopewind Secures SCTC Approval Under Malaysia’s TNB FrameworkAntaisolar Launches We Cover Solar Roof One-Stop SolutionMalaysia Launches Suria Home Solar Rebate Scheme To Support 50,000 Homes And Add 250 MW CapacitySyngular Solutions eyes Brazilian BECCS opportunities with French tech providerIBM and US government commit $2bn to first quantum chip foundryOil Exerts Influence Well Beyond Energy MarketAtome picks electrolysers from China’s Sungrow for Paraguay green fertiliser plantVideo | Can the chip industry replace PFAS?Podcast | Technical debrief: testing amine degradation products and MOFs for CO2 captureVideo | Is iridium supply a bottleneck for PEM electrolyses?Oil Could Enter Red Zone by July/August: IEAUK Adds New Tax Pressure as Energy Security Concerns GrowOil Prices Rise as Traders Grow Skeptical of U.S.-Iran DealHelium to be placed on Tanzania critical and strategic minerals listOil Prices Rise As Iran Draws Red Line on UraniumUS Keeps Dakota Access Pipeline Open With Tighter Environmental ChecksAmericans Brace for Pricey Summer Travel With Fuel Costs Near Multi-Year HighsAntares signs long-term HALEU supply deal with UrencoKursk II’s first VVER-TOI ‘has generated 2 billion kWh’Kazakhstan outlines localisation plansPodcast: Sustainability and the UK’s Low Level Waste RepositoryAtucha II granted 10-year licence renewalInside the Unraveling of U.S. Diplomacy Under TrumpUS Natural Gas Storage Capacity Rises in 2025, Says EIAConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls ShortChina Raises Fuel Price Caps Again as Iran War Keeps Oil Markets on EdgeSaudi Oil Export Income Jumped to 3.5-Year High in March as Prices SoaredChina Boosts Oil Stockpiles Despite Import PlungeU.S. Energy Storage Installations Post Record First QuarterChina’s Solar Exports Soar as World Grapples with Energy CrisisJapan’s Crude Imports from Middle East Slump to Lowest on RecordTexas Tech University wins $4.5m state grant for semiconductor developmentUS Energy Storage Additions Hit a First-Quarter Record, Report ShowsDevon Snaps Up Prime Delaware Basin Acreage for $2.6 Billion after Coterra MergerOil Market Clock is Ticking as Supply Crunch Looms: BoussoDutch project secures €150m for biomethane production
Tue. May 26th, 2026

Baker CEO Says 2025 Resilience Driven by AI Growth, Sees Oil Investment Slowdown

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(Reuters) – Baker Hughes CEO Lorenzo Simonelli said on Friday the global macro environment remains resilient through 2025, despite geopolitical and policy headwinds, supported by the rapid deployment of generative artificial intelligence driving power demand and industrial activity.

Simonelli said the company remains confident of reaching $1.5 billion in data center orders ahead of its original three-year target as it continues to see strong momentum in data center power demand.

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He, however, said Baker Hughes’ outlook for 2025 remains unchanged, with a high-single-digit decline in global upstream spending expected.

Simonelli cautioned that oversupply concerns in the oil market were weighing on sentiment, with some OPEC+ members still unable to meet production quotas. He said oil-related upstream investment is expected to stay subdued until the market absorbs the group’s additional supply.

He said that early indicators suggest 2026 will be another year of subdued activity and spending declines before a gradual recovery takes hold, particularly in international and offshore markets.

Reporting by Arunima Kumar in Bengaluru; Editing by Vijay Kishore

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