Trending News: CO2next launches market test for CO2 rail deliveries in RotterdamUK to miss next two emissions targets forecasts DNVNO TAKERS: Oil Companies Shun Trump Administration’s Alaska Offshore AuctionAmericas Heavy Crude Prices Hit Multi-Year Highs as Iran Conflict Disrupts Oil MarketsUS Diesel Hits $4 Per Gallon as Fuel Costs Rise Amid Escalating Middle East ConflictIndia Seeks US Marine Cover for Middle East Energy Cargoes, Source SaysTwo Russian Urals Tankers Divert 14 Million Barrels to Indian PortsAsian LNG Prices Fall on U.S. Plan to Secure Hormuz StraitDozens of Asia-Flagged Oil Tankers Stranded near Strait of HormuzBP and Iberdrola eye May start-up of 25MW green hydrogen plantSvante acquires CCS developer Carbon AlphaEU’s energy act welcomed as industry urges gradual rollout of ‘Made in Europe’ rulesEU’s energy act welcomed as industry urges gradual rollout of ‘Made in Europe’ rulesTop Stories Of The Day: UltraTech Invests in Solar + BESS; India Launches Carbon Marketplace and More…Middle East Tensions Push German States To Urge Faster Renewable Energy ExpansionSunpower & Consultants Pvt. Ltd. Wins PM-KUSUM Project of the Year at Solar Contractors Meet Varanasi 2026Analysis: Fertiliser markets brace for disruption as Gulf crisis threatens ammonia and urea supplyClean Energy Firm ThomasLloyd to Go Public Through $850M SPAC Merger with Roman DBDRZelestra Strengthens U.S. Market Presence With Multi-Technology Solar Projects And Corporate Renewable PartnershipsChina Halts Fuel Exports Amid Global Market SqueezeExxon Ships U.S. Gasoline to AustraliaAre We Heading for an All-Out War in the Middle East?Gulf crisis global impact ‘could be more critical’ than 2022Iran Claims It Has “Complete Control” Over Strait of HormuzU.S. and Japan Ponder Nuclear Energy Project in Massive $550 Billion DealU.S. Gives Rosneft’s German Refinery Network Open-Ended Sanctions ExemptionCan the US Gulf insurance plan ensure safe shipping?Japan Refiners Ask Government to Tap Crude StocksInsurance Broker Marsh Meets US Officials on Restoring Gulf Maritime Trade Amid Iran WarContracts awarded for Dukovany control system modernisationEC needs strategy in efforts to improve global nuclear safety, say auditorsUS Crude Stocks Climb to Near 1-Year High as Exports and Imports Fall, EIA SaysTrump’s Hormuz Shipping Plan is too Little, too Late in Race to Avert Energy Shock: BoussoUS Treasury Secretary Bessent Says Oil Market Well Supplied Amid Iran WarAsian Markets in Free Fall as Oil Price Surge Stokes Inflation FearsIndian Refiner MRPL Declares Force Majeure on Gasoline ExportsQatarEnergy Declares Force Majeure After Halting LNG ProductionHelium players introduce surcharges as Qatar shuts gas liquefactionTrump to Meet Tech Giants on Energy Pledge Ahead of MidtermsThere is Little US LNG Producers Can do to Immediately Replace Lost Qatari CargoesGoldman Sachs Raises Q2 Brent Oil Price Forecast by $10 to $76 a BarrelHormuz Shutdown Worsens After US Hits Iranian Warship; Tankers Stranded for Fifth DayAsian LNG Prices Soar to Three-Year HighGoldman Sachs Hikes Q2 Brent Oil Price Forecast by $10Barclays Warns Grid Constraints Could Strand Renewables AssetsAlfa Laval to supply cryogenic tech for South Korea’s first liquid air energy storage plantJapan studies bio-based CO2 liquefaction from waste incinerationSolar chemistry moves NASA closer to lunar oxygen productionHelium supply confidence rocked by Gulf conflictOil Prices up 1% as Iran Crisis Disrupts Middle East SupplyJP Morgan Warns of Catastrophic Oil Supply Loss from Middle East WarOil, Fuel Contracts Break Records on Surging PricesAnalyst Outlines 2 Potential Scenarios for ConflictSaatvik Solar Displays Comprehensive Solutions at The smarter E IndiaAI-Driven Inverse Design Enables Full-Color, High-Efficiency Semitransparent Perovskite Solar CellsShipping and trade lawyers’ workloads rise as Gulf crisis disputes soarNasa resolves helium flow issue on Artemis II rocketCanada’s Heavy Crude Tightens as Hormuz Risk Ripples Through Global MarketsSanctioned Russian LNG Tanker Explodes in Mediterranean — A First of Its Kind?US Crude Oil Inventories Continue to Build While Gasoline Draws DownSolar and Storage Lessons from Space Can Power Northeast India: ShuklaGrew Energy–SEIL Boards Approve Merger Plan, Paving Way for Solar Manufacturer’s ListingDepartment of Energy Opens 3.3 GW Offshore Wind GEA-5 Auction in the PhilippinesTrump Says US to Provide Insurance to All Maritime Trade in GulfInvestors, US Crude Producers Scramble to Lock in Oil Price Spike Oil Prices Leap Higher as Iraq Shuts Down Production At Giant Oil FieldsStandard design approval sought for i-SMRAfrican Energy Chamber signs oil and gas cooperation deal with VenezuelaThe mouse-sized robot developed to inspect the Large Hadron ColliderSouth Korea to cooperate with the Philippines on nuclear power projectsAalo secures fuel and turbine for experimental reactorPotential for CANDU units in Turkey to be exploredHormuz Freeze Sends Brent-Dubai Spread to Multi-Year HighUS Natural Gas Futures Leap 6% as Middle East Conflict Disrupts Global SuppliesUS Considering Oil Tanker Insurance Support to Ease Middle East Crude Shipments, Sources SayIndia’s Industrial Gas Supply Slashed After Qatar Suspends OutputIndia’s gas cuts signal wider Asian pain as Gulf LNG crisis worsensIndia’s gas cuts signal wider Asian pain as Gulf LNG crisis worsensU.S. Not Planning To Tap Strategic Petroleum Reserve ImmediatelyAsian Refiners Mull Slashing Crude Processing as Iran War Threatens SupplyEuropean Gas Prices Soar 30% as Qatar Halts LNG OutputOil Prices Surge to $84 as Supply Risk Becomes RealMiddle East conflict underlines need for UK ‘to maximise existing reserves’US LNG Exports Grew in February, New Output Could Help Fill Qatar Supply GapOil Prices Keep Climbing as Expanding Conflict Heightens Supply RisksAnalysts Warn of Largest Oil Supply Disruption in HistoryWhite House Prepares Plan to Combat Oil Price SpikeIran War Pushes Middle East Oil Tanker Rates to All-Time HighChina Pressures Iran to Keep Strait of Hormuz Open to Oil and Gas FlowsSolar & Storage Ethiopia 2026 Concludes with a Grand Celebration of Renewable Energy Leadership, Innovation, and Industry ExcellenceMNRE Notifies Green Methanol Standard Under National Green Hydrogen MissionSineng Electric to Supply Central Inverter Solutions to Egypt’s 1.65 GW Benban Solar Park, One of the World’s Largest Solar Power PlantsMNRE Notifies Green Ammonia Standard Under National Green Hydrogen MissionConcord New Energy And Bridge Data Centres Partner On Hydrogen Power For Singapore AI Data CentresSemiconductor and tech supply chain challenges arise from Gulf crisisSemiconductor and tech supply chain challenges arise from Gulf crisisAir Liquide Canada acquires Barry Hamel in British ColumbiaPetronas Sees No Disruption from Mideast War for NowAtlas Copco expands US footprint with Cypress DealBlackRock, EQT To Acquire AES Corp. in $33.4B Deal

US Deputy Energy Secretary: I Don’t Think There Will be An Oil Glut in 2026

Business & Policy
November 3, 2025

The U.S. Department of Energy’s deputy secretary, James Danly, said on Monday that he does not think there will be an oil glut in 2026.

“We have a demand signal for energy that is going up rapidly”, Danly said at the ADIPEC energy conference in Abu Dhabi.(Reporting by Yousef Saba and Jana Choukeir, Writing by Ahmed Elimam; Editing by Louise Heavens)

Get the Latest US Focused Energy News Delivered to You! It’s FREE: