Saudi Arabia Offers 2 Million Barrels for Sale From the Red Sea

Saudi Arabia has opened a tender for two million barrels of its flagship Arab Light grade for loading this month from its Red Sea port of Yanbu, Reuters has reported,…

Analyst Warns of ‘Big, Big Risk’ for Oil Over Weekend

No one in their right mind would dare to sit short oil over the coming weekend. That’s what Skandinaviska Enskilda Banken AB (SEB) Chief Commodities Analyst Bjarne Schieldrop stated in a…

DOE Unveils $1.9 Billion Electric Grid Upgrade Push

The U.S. Department of Energy is launching a $1.9 billion funding effort aimed at rapidly expanding the capacity of the nation’s power grid by upgrading existing transmission lines. This is…

Iran Warns Gulf Energy Assets Could Burn if Its Oil Facilities Are Targeted

Iran’s Islamic Revolutionary Guard Corps (IRGC) warned Thursday that it could ignite a wider energy crisis across the Middle East if Iran’s own oil and gas infrastructure comes under attack.…

UAE Cuts Crude Shipments to Partners

Abu Dhabi National Oil Co. cut the volume of crude for its onshore partners by about a fifth for this month, although the flows will still go to a port…

Trump Weighs Rare Jones Act Waiver as War Drives Fuel Prices Higher

The Trump administration is weighing a rare suspension of the century-old Jones Act, an extraordinary step that Washington has historically taken only during major national emergencies such as hurricanes or…

Oil Settles Up 9% as Iran Vows to Keep Strait of Hormuz Closed

By Iran supreme leader says Strait of Hormuz to remain closed Iranian boats attacked two tankers in Iraqi waters IEA release of 400 million barrels may give limited relief NEW…

Regulatory justification for Rolls‑Royce SMR

Justification is an early regulatory step required for the operation of a new nuclear technology in the country. It determines whether or not a new reactor design is justified under…

US aims for 5 GW more from existing nuclear

The Department of Energy (DOE) initiative, known as UPRISE, aims to target “the most cost-effective and immediate methods” to increase nuclear capacity – targeting 2.5 GW more by the end of next…