Oil Inventories Headed Toward Multi-Decade Lows, US EIA Warns

(Reuters) – Oil stockpiles in the world’s largest economies are headed toward the lowest levels since at least 2003 as inventories are drawn down at a record pace due to…

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…

Devon Energy provides Full-Year Forecast After Merger With Coterra Energy

June 9 (Reuters) – Devon Energy (DVN.N) on ​Tuesday said it expects ‌production to average 1.38 million barrels of oil equivalent per ​day in 2026, including ​oil output of 500,000…

DOE approval of Xcimer fusion power plant preconceptual design

Athena is the reference architecture for Xcimer’s planned fleet of fusion power plants. Designed for continuous operation, industrial scale, and a fuel cycle that renews itself, Athena integrates the company’s…

Chile and Argentina sign nuclear cooperation agreement

The two countries have had agreements on cooperation in the area of peaceful uses of nuclear technology dating back to 1976. This latest agreement was signed by representatives of Argentina’s National Atomic…

BN-1200 targeted for construction start in 2027

The unit, which will be the fifth at the site in Russia’s Sverdlovsk region, will become the world’s largest fast-neutron reactor. The sodium-cooled BN-series fast reactor plans are part of Rosatom’s…

Japan, Kazakhstan extend cooperation on fast reactors

The Japan Atomic Energy Agency (JAEA) and the National Nuclear Centre of the Republic of Kazakhstan (NNC RK) have been advancing the phased EAGLE Projects on core safety experiments of…

India Eyes Russian Steelmaking Coal Assets

Indian state-controlled steelmakers are considering buying coking coal assets in Russia to boost the supply of the raw material that India designated as a critical and strategic mineral early this…

India’s Fuel Demand Falls 6.5%, LPG Consumption Drops 20%

India’s fuel consumption fell by 6.5% in May from a year earlier while sales of liquefied petroleum gas (LPG), a key cooking and industry input fuel, tumbled by 20% as…

Kuwait Offers First Crude Cargoes to Asia since Iran War Started

Kuwait, one of OPEC’s top producers and one of the exporters most affected by the near-closure of the Strait of Hormuz, is offering its crude to Asian buyers for the…