Trending News: Ofgem Approves Deal to Keep UK Gas Import Capacity From EuropeIndia’s Middle East Oil Imports Jumped 32% in SeptemberGrid Constraints Curtailed 119 GW of Renewables in India in SeptemberEuropean Natural Gas Prices Rise on Middle East EscalationDelorean advances Australia biomethane project towards first gas injectionIran Claims Seven Ships Hit in Persian Gulf as Oil Prices SurgeRecord Fuel Prices Accelerate Europe’s EV SalesWaga Energy launches Indiana landfill RNG facilityDAC project in Kenya targets tens of kilotonnes of CO2 for e-fuel productionIraq Removes Customs Duties On Imported Solar Energy Systems To Boost Renewable Energy AdoptionSolarcentury Africa Commissions 34.5 MWp Mailo 2 Solar Plant in Zambia, Raising Operational Capacity to 59.5 MWpOil Prices Surge Above $111 as Houthis Strike Saudi TargetsIran’s Oil Reserves Run Dry as U.S. Naval Blockade TightensIndia Ramps Up Coal Supplies to Record High as Power Crisis LoomsOil Rises Intraday Amid Escalating TensionsVNT Unveils State-of-the-Art DC-DC Converter, VNT-RAV5, at REI Expo 2026, Powering the Next Generation of Solar + StorageBurundi Signs $1.4 Billion Power Distribution Deal To Connect 8 Million People By 2030Indian Green Energy Stocks Face Selling Pressure as Sensex Falls 0.62% Amid Mixed Sector Performance (22 October 2026)Rwanda Invites IPPs For 200 MW Floating Solar Project With 800 MWh Battery StoragePodcast | CO2: from what if, to what isNavitas Secures USD 20 Million Funding For 2.2 GW Solar Cell Manufacturing FacilityVietnam And Denmark’s CIP Plan $4 Billion Investment In 1,000 MW Offshore Wind ProjectArgon prices in China surge amid strained supply and electronics demandCTUIL Sets 2-Hour And 4-Hour Battery Storage Requirements For Grid ConnectivityNorfund And Impact Fund Denmark Invest In 500 MWp Solar Project In The PhilippinesGM to Add Hybrids as U.S. Gasoline Holds Above $4Saudi Crude Exports Hit Five-Month High as Production Falls to Record LowUK Union Welcomes Jackdaw DecisionNordex Enters New Zealand Wind Market With 192 MW Mercury OrderIndia Hosts AgriVoltaics World Conference 2026, Announces New Programme Under PM-KUSUMTata Power-DDL to Hold National Lok Adalat on October 25 for Electricity Theft Case SettlementsAdani Green Energy Operational Capacity Rises 24% to 20,763 MW in H1 FY27Hartek Power Secures INR 200 Crore Contract for 80 MW Solar EPC Project in Uttar PradeshIndia’s Top State Refiner to Reduce Middle East Term Oil PurchasesEBRD Arranges $265 Million Financing For 1.2 GW Solar Project And 600 MWh BESS In EgyptAmperehour Energy And Ampt Partner To Expand DC-Coupled Battery Storage Solutions Across Global MarketsNTPC REL Invites Bids For Spare Inverter For 200 MW Gujarat-I Solar ProjectIREDA Reports INR 891.75 Crore Half-Year Net Profit As Revenue Rises To INR 4,592 Crore In FY2027SolarQuarter India: Technology Showcase Special | REI 2026 IssueSMRs could be part of Port of Rotterdam’s future, says studyRadiant microreactor selected for deployment by US NavyThe challenge of securing uranium from seawater – podcastCredibility and capital key to scaling-up new helium productionRussia to Send First Diesel Tanker to U.S. on ThursdayHigher Oil Availability Pressures Middle East Crude BenchmarksAgency Says India Coal-Fired Units Running Critically Low on Fuel as Power Demand SoarsSet it and forget it: Automated electrolyte management in trace oxygen analysisSemiconductor helium demand to reach 2.2 Bcf by 2028UK Approves Jackdaw Gas Field as Energy Crisis DeepensMorgan Stanley: Global Fuel Market Will Stay Tight Through Mid-2027Japan’s Trade Deficit Doubles as Hormuz Crisis Hikes Energy Import CostsConversion costs outweigh hydrogen shipping costs: WoodLinde doubles gas supply capacity for Tata SteelOil Prices Climb Above $110 as Middle East Supply Fears PersistTrump Administration Pushes Refiners to Boost Diesel Output as Prices SoarIndia’s Coal Crisis Deepens as Power Demand SurgesGoldman Sachs Warns of New Oil Price Shock as Tanker Rates SoarMidterms Could Swing on DieselUK biomethane sector calls for funding boost after Jackdaw approvalSolex Energy Subsidiary Approves INR 150 Crore Convertible Debenture IssueNTPC Appoints Diwakar Nath Misra As Government Nominee Director To Its BoardNorthern Ireland seeks views on biomethane sector developmentIndian Renewable Energy Stocks Decline as Sensex Falls 0.75% and Nifty Slips 0.94% (21 October 2026)FNB, WesBank, and RMB Launch Platform to Expand Business Solar Adoption in South AfricaGold Hydrogen accelerates Australian helium pilot after well testsGreece to enter biomethane market with first production plantSEPCO Reportedly Secures EPC Contract for Saudi Arabia’s 500 MW/2,000 MWh Al Khushaybi BESS ProjectLebanon Plans 800 MW Solar And 440 MW Wind Projects To Strengthen Electricity SupplyJose Leonilo A. Espineli Honoured for Excellence in Strategy & Optimization LeadershipNorway’s Gas Production Plunges 12.6% as Europe Heads into WinterAPI: Crude, Product Inventories Continue to DrawUS EPA hands Colorado control of CO2 injection well permittingMendell Helium targets five new production wells in KansasSM City Fairview Rooftop Solar PV System by Buskowitz Energy Inc. Won Project of the Year: Renewable EnergyCERC Grants 100% ISTS Charge Waiver to 50 MW Hybrid Project, Extends SCOD to February 2026Wirepas Connects 700,000 Smart Meters in Himachal Pradesh as RDSS Rollout Quadruples in Nine MonthsBangladesh Plans 70 MW Solar Power Plant At Matarbari Coal Station By December 2028India’s Solar PV Capacity Crosses 171 GW in September 2026 as Installations Accelerate NationwideEU Stands Firm Against Arctic Oil and Gas Drilling Despite Energy CrisisSahaj Solar Approves 1.8 GWh BESS Manufacturing Facility In Gujarat With INR 25 Crore InvestmentIndia And Saudi Arabia Advance Electrical Interconnection Initiative And Power Sector CooperationWaaree Renewable Technologies Reports 36.53% Revenue Growth In Q2 FY27 As Profit Declines 29.98%HERC Grants 25-Year Distribution Licence To Eleven Power For Gurugram And NuhRERC Directs DSM Dues Reconciliation Within 30 Days, Sets 60-Day Payment Deadline In RajasthanASEAN nations assessing nuclear energy optionThe Nuclear Company proposes 6.6 GW Kentucky projectWestinghouse invests USD1 billion in US LEU+ fuel plantIAEA says Barakah drone-strike response was effectiveHelium supply chain realities if the Strait of Hormuz reopensHelium supply chain realities if the Strait of Hormuz reopensHelium supply chain realities if the Strait of Hormuz reopensRussia’s Oil Export Revenue Slides as Production DeclinesHSBC Sees Hormuz Becoming Redundant in Five YearsShipping Crisis Forces Asian Crude Buyers to Use Smaller TankersSaudi Arabia and Asia Locked In Dispute Over 2027 Term Oil DealsHelium market shortage could widen to 20% if helium caverns are depletedChina Moves to Rein In Its Booming Hydrogen IndustryCopper Needs $332 Billion in New Mines to Avoid Deficit, BloombergNEF SaysAsia’s Coal Prices To Stay High as Supply Drops and Demand FirmsHelium exports unlikely to resume even in Q1 2027
Fri. Oct 23rd, 2026
Trending News: Ofgem Approves Deal to Keep UK Gas Import Capacity From EuropeIndia’s Middle East Oil Imports Jumped 32% in SeptemberGrid Constraints Curtailed 119 GW of Renewables in India in SeptemberEuropean Natural Gas Prices Rise on Middle East EscalationDelorean advances Australia biomethane project towards first gas injectionIran Claims Seven Ships Hit in Persian Gulf as Oil Prices SurgeRecord Fuel Prices Accelerate Europe’s EV SalesWaga Energy launches Indiana landfill RNG facilityDAC project in Kenya targets tens of kilotonnes of CO2 for e-fuel productionIraq Removes Customs Duties On Imported Solar Energy Systems To Boost Renewable Energy AdoptionSolarcentury Africa Commissions 34.5 MWp Mailo 2 Solar Plant in Zambia, Raising Operational Capacity to 59.5 MWpOil Prices Surge Above $111 as Houthis Strike Saudi TargetsIran’s Oil Reserves Run Dry as U.S. Naval Blockade TightensIndia Ramps Up Coal Supplies to Record High as Power Crisis LoomsOil Rises Intraday Amid Escalating TensionsVNT Unveils State-of-the-Art DC-DC Converter, VNT-RAV5, at REI Expo 2026, Powering the Next Generation of Solar + StorageBurundi Signs $1.4 Billion Power Distribution Deal To Connect 8 Million People By 2030Indian Green Energy Stocks Face Selling Pressure as Sensex Falls 0.62% Amid Mixed Sector Performance (22 October 2026)Rwanda Invites IPPs For 200 MW Floating Solar Project With 800 MWh Battery StoragePodcast | CO2: from what if, to what isNavitas Secures USD 20 Million Funding For 2.2 GW Solar Cell Manufacturing FacilityVietnam And Denmark’s CIP Plan $4 Billion Investment In 1,000 MW Offshore Wind ProjectArgon prices in China surge amid strained supply and electronics demandCTUIL Sets 2-Hour And 4-Hour Battery Storage Requirements For Grid ConnectivityNorfund And Impact Fund Denmark Invest In 500 MWp Solar Project In The PhilippinesGM to Add Hybrids as U.S. Gasoline Holds Above $4Saudi Crude Exports Hit Five-Month High as Production Falls to Record LowUK Union Welcomes Jackdaw DecisionNordex Enters New Zealand Wind Market With 192 MW Mercury OrderIndia Hosts AgriVoltaics World Conference 2026, Announces New Programme Under PM-KUSUMTata Power-DDL to Hold National Lok Adalat on October 25 for Electricity Theft Case SettlementsAdani Green Energy Operational Capacity Rises 24% to 20,763 MW in H1 FY27Hartek Power Secures INR 200 Crore Contract for 80 MW Solar EPC Project in Uttar PradeshIndia’s Top State Refiner to Reduce Middle East Term Oil PurchasesEBRD Arranges $265 Million Financing For 1.2 GW Solar Project And 600 MWh BESS In EgyptAmperehour Energy And Ampt Partner To Expand DC-Coupled Battery Storage Solutions Across Global MarketsNTPC REL Invites Bids For Spare Inverter For 200 MW Gujarat-I Solar ProjectIREDA Reports INR 891.75 Crore Half-Year Net Profit As Revenue Rises To INR 4,592 Crore In FY2027SolarQuarter India: Technology Showcase Special | REI 2026 IssueSMRs could be part of Port of Rotterdam’s future, says studyRadiant microreactor selected for deployment by US NavyThe challenge of securing uranium from seawater – podcastCredibility and capital key to scaling-up new helium productionRussia to Send First Diesel Tanker to U.S. on ThursdayHigher Oil Availability Pressures Middle East Crude BenchmarksAgency Says India Coal-Fired Units Running Critically Low on Fuel as Power Demand SoarsSet it and forget it: Automated electrolyte management in trace oxygen analysisSemiconductor helium demand to reach 2.2 Bcf by 2028UK Approves Jackdaw Gas Field as Energy Crisis DeepensMorgan Stanley: Global Fuel Market Will Stay Tight Through Mid-2027Japan’s Trade Deficit Doubles as Hormuz Crisis Hikes Energy Import CostsConversion costs outweigh hydrogen shipping costs: WoodLinde doubles gas supply capacity for Tata SteelOil Prices Climb Above $110 as Middle East Supply Fears PersistTrump Administration Pushes Refiners to Boost Diesel Output as Prices SoarIndia’s Coal Crisis Deepens as Power Demand SurgesGoldman Sachs Warns of New Oil Price Shock as Tanker Rates SoarMidterms Could Swing on DieselUK biomethane sector calls for funding boost after Jackdaw approvalSolex Energy Subsidiary Approves INR 150 Crore Convertible Debenture IssueNTPC Appoints Diwakar Nath Misra As Government Nominee Director To Its BoardNorthern Ireland seeks views on biomethane sector developmentIndian Renewable Energy Stocks Decline as Sensex Falls 0.75% and Nifty Slips 0.94% (21 October 2026)FNB, WesBank, and RMB Launch Platform to Expand Business Solar Adoption in South AfricaGold Hydrogen accelerates Australian helium pilot after well testsGreece to enter biomethane market with first production plantSEPCO Reportedly Secures EPC Contract for Saudi Arabia’s 500 MW/2,000 MWh Al Khushaybi BESS ProjectLebanon Plans 800 MW Solar And 440 MW Wind Projects To Strengthen Electricity SupplyJose Leonilo A. Espineli Honoured for Excellence in Strategy & Optimization LeadershipNorway’s Gas Production Plunges 12.6% as Europe Heads into WinterAPI: Crude, Product Inventories Continue to DrawUS EPA hands Colorado control of CO2 injection well permittingMendell Helium targets five new production wells in KansasSM City Fairview Rooftop Solar PV System by Buskowitz Energy Inc. Won Project of the Year: Renewable EnergyCERC Grants 100% ISTS Charge Waiver to 50 MW Hybrid Project, Extends SCOD to February 2026Wirepas Connects 700,000 Smart Meters in Himachal Pradesh as RDSS Rollout Quadruples in Nine MonthsBangladesh Plans 70 MW Solar Power Plant At Matarbari Coal Station By December 2028India’s Solar PV Capacity Crosses 171 GW in September 2026 as Installations Accelerate NationwideEU Stands Firm Against Arctic Oil and Gas Drilling Despite Energy CrisisSahaj Solar Approves 1.8 GWh BESS Manufacturing Facility In Gujarat With INR 25 Crore InvestmentIndia And Saudi Arabia Advance Electrical Interconnection Initiative And Power Sector CooperationWaaree Renewable Technologies Reports 36.53% Revenue Growth In Q2 FY27 As Profit Declines 29.98%HERC Grants 25-Year Distribution Licence To Eleven Power For Gurugram And NuhRERC Directs DSM Dues Reconciliation Within 30 Days, Sets 60-Day Payment Deadline In RajasthanASEAN nations assessing nuclear energy optionThe Nuclear Company proposes 6.6 GW Kentucky projectWestinghouse invests USD1 billion in US LEU+ fuel plantIAEA says Barakah drone-strike response was effectiveHelium supply chain realities if the Strait of Hormuz reopensHelium supply chain realities if the Strait of Hormuz reopensHelium supply chain realities if the Strait of Hormuz reopensRussia’s Oil Export Revenue Slides as Production DeclinesHSBC Sees Hormuz Becoming Redundant in Five YearsShipping Crisis Forces Asian Crude Buyers to Use Smaller TankersSaudi Arabia and Asia Locked In Dispute Over 2027 Term Oil DealsHelium market shortage could widen to 20% if helium caverns are depletedChina Moves to Rein In Its Booming Hydrogen IndustryCopper Needs $332 Billion in New Mines to Avoid Deficit, BloombergNEF SaysAsia’s Coal Prices To Stay High as Supply Drops and Demand FirmsHelium exports unlikely to resume even in Q1 2027
Fri. Oct 23rd, 2026

EIA Raises US Oil Production Forecast for 2025

pumpjacks midland texas 1200x810

(Reuters) – U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information Administration (EIA) said on Tuesday in its Short-Term Energy Outlook report.

U.S. President Donald Trump has vowed to maximize U.S. oil production even as energy executives have held steadfast on prioritizing capital discipline over explosive growth.

The EIA said it now expects U.S. crude oil production to average 13.59 million barrels per day (bpd) in 2025, up from its prior estimate of 13.55 million bpd.

The agency maintained its estimate for U.S. consumption of petroleum and liquid fuels at 20.5 million bpd in 2025.

While Brent crude prices are expected to average around $74 in 2025, they will fall to about $66 in 2026, the agency said, hurt by gradual increases in production combined with relatively weak global oil demand growth.

Any future imposition of tariffs by Trump on Canada and Mexico is not presently anticipated to significantly affect global oil supply, EIA said, adding that the tariffs and new U.S. sanctions on Russia were sources of uncertainty for oil prices going forward.

Reporting by Arathy Somasekhar in Houston; Editing by Mark Porter

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