US Natgas End-of-Season Storage Seen at Three-Year Low in October

(Reuters) U.S. natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.872 trillion cubic feet (tcf) on October 31, 2026, according…

US Power Use to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA Says

(Reuters) – U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, driven by AI-hungry data centers and electrification, the…

Russian Crude Exports Drop to Lowest Since May

Russia’s seaborne crude exports fell to their lowest level since May as recovering refinery runs pulled barrels back into domestic processing and attacks disrupted loading at key ports. Russia shipped…

Iran Says Hormuz Will Stay Closed Until U.S. Meets Its Conditions

Iran said Tuesday that the Strait of Hormuz will remain closed unless the United States ends the war and meets Tehran’s conditions, raising the bar for a deal that would…

France’s Power Prices Jump 22% as Heatwave Trims Nuclear Output

The new heatwave in France is curbing nuclear power generation in Europe’s biggest nuclear electricity supplier and leading to spiking day-ahead power prices. France’s day-ahead power prices soared by as…

Australian reactor marks 20 years of operations

OPAL – for Open Pool Australian Lightwater reactor – reached first criticality on 12 August 2006. Since then, it has supported the production of more than 10 million lifesaving nuclear…

MIT develops framework for assessing economics of fusion

The goal of the paper, according to co-author and MIT professor of nuclear science and engineering Dennis Whyte, is to create “this framework, where are all the economics are clear,…

First fuel loaded into Tianwan unit 7

The first of 163 nuclear fuel assemblies was loaded into the reactor on 12 August, China National Nuclear Corporation (CNNC) announced. Russian state nuclear corporation Rosatom supplied fuel for the…

Construction of Bailong 2 conventional island begins

The basement slab of the conventional island – also called the turbine island – of unit 2 adopts an integral raft foundation, which is divided into nine construction zones and…

Oil Pares Gains as Traders Weigh Oman-Iran Talks

Brent and WTI hit highest since July 31 Hopes for Hormuz deal fade as Trump demands Iranian reparations Gulf shipping traffic via Strait of Hormuz falls to six vessels Cargo…