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China's fossil fuel power plants are on track to chart their first annual drop in generation in a decade as renewables flood the grid to meet rising demand.
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'With TotalEnergies as its leading shareholder, NEO NEXT+ will become the largest independent oil and gas producer in the UK with a production over 250,000 barrels of oil equivalent per day in 2026'.
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The 150-MW Caparacena project raises the Italian state-backed oil and gas producer's installed renewables capacity in Spain to nearly 1.5 GW.
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OPEC kept forecasts for global oil supplies and demand in 2026 steady.
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Thin holiday trading and rising bearish bets pushed crude toward the bottom of its recent range.
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Harbour Energy shares gained as much as 7.6 percent in London trading, the most since August.
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'Yesterday's 177 billion cubic foot withdrawal did little to stop the massive sell-off in natural gas', EBW Analytics Group Energy Analyst Eli Rubin said.
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A shortage of oil tankers is becoming so acute that newly built vessels, which usually carry refined fuels on their maiden voyages, are instead racing empty to pick up crude as soon as possible.
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In its latest STEO, the EIA increased its Brent price forecast for 2025 and 2026 but still projected that the commodity will drop next year compared to 2025.
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'Atlantis Drill Center 1 caps off an excellent year of seven major project start-ups for BP'.
