Trending News: Oil Companies Signing Agreements in Venezuela, But Delays PersistNew Bill introduced to increase CDR technologiesLinde posts record Q2 sales as electronics demand drives growthSOL expands into Brazilian industrial gases through IBG partnershipLinde invests $1bn in Arizona semiconductor gas projectLinde invests $1bn in Arizona semiconductor gas projectGulf Cryo and CO2minX to explore CO2 mineralisation opportunitiesOil Price Shock Fuels 35% Surge in Global EV SalesCoal Falls Below 50% Of China’s Power Mix For First Time EverRussia Extends Diesel and Gasoline Export Bans Into 2027Oil Edges Down in Choppy Trading Amid Oman-Iran Talks, US-Iran TensionsQatarEnergy Buys 33 US LNG Cargoes to Offset Hormuz DisruptionTC Energy Tops Quarterly Profit Estimates, Approves C$700 Million in Pipeline Expansion ProjectsAmerican Electric Power Lifts Forecast as AI Fuels Electricity DemandUS Refiner Valero Energy Posts Record Second-Quarter Profit, Shares Jump 2%Indian Oil Eyes Stakes In Gas Carriers To Cut U.S. LPG Freight CostsGlencore Sees $3.3 Billion Trading Profit as Iran War Rattles Oil MarketsOil Prices Slip Despite New Attacks Across the Middle EastJapan Buys Rare Canadian Oil CargoQatar Sends First LNG Cargo Through Hormuz Since Tanker AttackShell Reports $9.8 Billion in Adjusted Earnings as Energy Prices SurgeChina’s Coal Prices Surge as Scorching Heat Drives Power DemandIran Says Two Oil Tankers Ditched Attempt to Transit HormuzGoldman Sachs: Diesel Crunch Is Now the Biggest Threat in Oil MarketsQatar Turns to American LNG After Iran War Cripples Ras LaffanElectronics make up two-thirds of Air Products’ opportunity pipelineVideo | Air Products results at-a-glanceHormuz Traffic Shows DefianceAir Products taps Texas helium cavern for 40% of Q3 volumesTop Stories Of The Day: MNRE Revises DISCOM Incentives; MNRE Allows 10% DC Flexibility; Rajasthan Upholds Captive RPO; BREDA Invites Solar Village Bids; APTEL Partly Allows 1.5 GW Appeal and More…Air Products posts $2.1bn Q3 loss after Louisiana blue hydrogen project exitSuperPower Supports 110 MW ThreeW Solar Project in Texas Through Gamer-Backed Clean Energy InitiativeTata Power Renewable Breaks Ground on 800 MW Renewable Energy Project in Andhra PradeshRed Ball Oxygen completes new Houston gas installationClean Max Enviro Energy Solutions Allots 35,800 Equity Shares Under ESOSLiverpool Bay CCS secures Crown Estate lease for offshore CO2 storageNTPC Group Crosses 90 GW Commercial Capacity With 50 MW Solar Commissioning In RajasthanT1 Energy Posts Preliminary Q2 2026 Results, Expands Solar IP Portfolio and Advances U.S. ManufacturingFourth CO2 carrier completes Northern Lights fleetPowering the Next Era of Energy InfrastructureIndia Targets 6.48 Lakh cKm Transmission Network By 2032 Under National Grid Expansion PlanTrump and Netanyahu Explored all Iran Options Including Attack, Israeli Official SaysEAAIF Commits Up to $50 Million to Ukko Renewable for 2 GW Clean Energy Pipeline in Southeast AsiaBlue Star Helium reaches ‘stable production’ in ColoradoReal Madrid Partners with ELITE Solar to Advance Global Solar Energy AdoptionRajasthan Regulator Upholds RPO Obligations For Captive Solar Plants Above 1 MWGrowatt Recognized as S&P Global Energy Tier 1 PV Inverter Supplier for 2026CSERC Allows Deemed Banking Relief For Delayed 4.2 MW Solar Project In ChhattisgarhBERC Flags Delays And Compliance Issues In Bihar’s 10 MW Solar Power Tariff PetitionEnerVenue: Rethinking Battery Assets for the Next Era of Energy InfrastructureAPTEL Partly Allows Appeal In 1,500 MW Solar Power Project Dispute In Tamil NaduZambia Launches 312 MW Decentralized Solar Initiative With 156 Constituency Power PlantsNTPC Reports 13% Rise in Consolidated Q1 FY27 Profit on Operational GainsThe Next Generation of Home Energy: FOX ESS P100E Brings All-in-One Energy Storage to Philippine HomesAdani Enterprises Reports Record Quarterly EBITDA of INR 5,642 Crore in Q1 FY27Nama Power and Water Procurement Company Launches Tender For Consultancy Services For 3 GW Solar 2030 IPP Projects In OmanMNRE Issues Guidelines For DISCOM Incentives Under PM Surya Ghar Rooftop Solar SchemeACME Solar Q1 FY27 Consolidated Profit Rises 80% YoY to INR 2,353 Crore; Revenue Increases 68%MNRE Allows 10% DC Capacity Flexibility To Speed Up PM Surya Ghar Rooftop Solar ApprovalsWorld Nuclear Association: $6 Trillion Needed to Hit 2050 Capacity GoalsTaiwan Halts $800 Million in Spot LNG Buys From Papua New GuineaITI Limited Invites EOI For 5 MW Solar Plant With BESS At GB Pant University In UttarakhandBallast Rock Provides Development Financing to Sol Source Power for 74.5 MW Illinois Community Solar PortfolioWaaree Energies Reports 79% Revenue Growth in Q1 FY27, Order Book Hits INR 61,500 CroreAfDB Approves $2 Million SEFA Grant For Ethiopia’s Renewable Energy And Agriculture Mini-Grid ProgrammeShell Q2 profit rises on higher oil prices, record Brazil productionProgress reported on Shirondukuyskoye deposit worksSerbia signs fresh nuclear programme agreement with EDFGermany coordinates fusion R&D effortsDanube’s record low leads to Hungary, Romania nuclear shutdownsUS-Saudi Consortium Advances Plans for $5 Billion Gulf refineryNextEra, Brookfield Plan $100 Billion Kentucky Data Center CampusLNG Vessel Demand Climbs as US Leads Project Growth, GTT SaysUS Commercial Crude Stocks Fall to Lowest Since 2018 on Higher Exports, Refinery Processing, EIA SaysUS, Saudi Hit Iran’s Allies in Iraq; Trump Vows to Punish Iran for Firing at TroopsAMERICAN ENERGY SNAPSHOT: The Global Energy Stress Test – How America’s Energy System DeliversBaker Hughes secures liquefaction tech order for Venture Global’s CP2 LNG expansionOPEC+ Prepares to Stop Raising Oil Output TargetsAPI Reports Sharp U.S. Crude Stock Draw as SPR Hits New LowOil Prices Surge on Fresh Middle East Strikes and API Crude DrawNew Zealand Awards First Offshore Oil License Since Ending Drilling BanADNOC Defies Hormuz Risks as UAE LNG Exports ContinueU.S.-Saudi Consortium Plans $5 Billion Gulf Refinery Outside HormuzEni Increases 2026 Buybacks as Production Growth AcceleratesHouthis Claim Attack on Saudi Oil Tanker in Red SeaIran Rejects Oman’s Proposal to Evenly Divide Hormuz ControlUK Regulator Targets Data Center Land Grab on the Power GridLuxfer agrees to acquisition by US investment firm Wynnchurch CapitalWhy Is Oil Rebounding?Air Liquide says AI makes up almost all new electronics investmentSUEZ starts construction of £35m UK AD facilityNippon Sanso reports strong Q1 growth as electronics gases and pricing boost earningsNippon Sanso reports strong Q1 growth as electronics gases and pricing boost earningsWaaree Renewable Technologies Enters Australia and New Zealand with Solar-BESS ProjectArgent LNG receives LNG export approval from US DOECheniere Gets Approval to Introduce Natural Gas Into Final LNG Expansion PlantUS Backs Madagascar Rare Earths Project in Push to Loosen China’s Supply Chain GripNatgas Producer Expand Energy Beats Second-Quarter Profit EstimatesAPI Shows Fall in Weekly US Crude Stocks, Rise in Fuel Inventories, Sources SayElectric Prices Spike Amid Hot Weather in US Midwest

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: