Trump Rules Out Diesel Export Ban, Sending Polymarket Betting Odds Tumbling
President Trump ruled out a U.S. diesel export ban after G7 nations agreed to release emergency oil reserves, causing Polymarket odds to plunge to 11%.
Energy
Every story explained in plain English, with the prices that matter beside it.
European Natural Gas Prices Climb Past €80/MWh Amid Strait of Hormuz Shipping Risks
European natural gas prices rose above €80/MWh as tanker attacks in the Strait of Hormuz and upcoming winter weather fuel supply and demand concerns.
Indian Refiners Boost Venezuelan Oil Imports to Seven-Year High as Russian Crude Prices Rise
India's imports of Venezuelan oil are set to hit a seven-year high as refiners seek cheaper alternatives to increasingly costly Russian crude.
Crude Oil Futures Fall as International Energy Agency Accelerates Stockpile Release
Crude oil futures settled lower after the International Energy Agency agreed to accelerate its oil stock release to address market tightness.
ExxonMobil Targets Trinidad and Tobago for Next Offshore Oil Expansion
ExxonMobil is accelerating oil exploration in Trinidad and Tobago to replicate its Guyana success and help ease the island nation's energy shortages.
Pine Cliff Energy Expands 2026 Drilling Program and Secures New Credit Facility
Pine Cliff Energy Ltd. added three wells to its 2026 drilling plan and secured a new credit facility while keeping its 27 million dollar budget unchanged.
Clearway Energy to Acquire Utah Battery Storage Projects for $119 Million
Clearway Energy is acquiring three Utah battery storage projects for $119 million to expand its capacity and boost future cash flows.
W&T Offshore Converts Credit Facility to Reserve-Based Lending Structure
W&T Offshore, Inc. converted its revolving credit facility to a reserve-based lending structure, lifting restrictive covenants and increasing liquidity.
APA Corporation Shares Supplemental Q3 2026 Data and Buyback Details
APA Corporation released supplemental Q3 2026 details, including 10.5 million share repurchases and $115 million in expenses ahead of its earnings call.
Trafigura Charters Supertanker From US Gulf Coast to China for $76 Million
Trafigura chartered a supertanker for $76 million amid global shipping cost surges driven by Middle East tensions.
EnergyNeutral
Brent Crude Oil Drops Below $101 as Middle East Supply Risks Fade
Brent crude oil fell below $101 a barrel as easing Middle East tensions and rising exports outweighed high shipping costs and falling US stockpiles.
EnergyBearish
GE Vernova Shares Fall 3.1% Despite First US Small Nuclear Reactor Permit
GE Vernova Inc. shares fell over 3% on Wednesday despite securing the first U.S. construction permit for its BWRX-300 small modular nuclear reactor.
Iraqi Oil Tankers Company Ships 2 Million Barrels of Crude Beyond Strait of Hormuz
Iraq transports 2 million barrels of crude past the Strait of Hormuz in its first such shipping operation in several decades to expand sales options.
EnergyNeutral
Energy and Oilfield Services Stocks Decline as Treasury Yields Hit Multi-Decade Highs
Energy and oilfield services stocks fell as Treasury yields reached multi-decade highs and the G7 prepared to release 100 million barrels of fuel.
Energy Shares Drop as Treasury Yields Climb and G7 Plans Reserve Release
Energy equities retreated as long-term bond yields hit 24-year highs and the G7 announced plans to release 100 million barrels of fuel reserves.
Energy Stocks Decline as Treasury Yields Surge and G7 Unveils Oil Reserve Release
Energy stocks fell as long-term U.S. Treasury yields reached multi-decade highs and the G7 announced plans to release 100 million barrels of fuel reserves.
Helmerich & Payne Previews Strong Q4 2026 Margins and Activity
Helmerich & Payne expects fiscal fourth-quarter margins and North American activity near the high end of guidance, pointing to a strong start for 2027.
Ameresco and Roseburg Urban Sanitary Authority Complete First Phase of Oregon Energy Project
Ameresco and Roseburg Urban Sanitary Authority finish the first phase of an energy initiative designed to generate 1.8 gigawatt-hours of power annually.
Iraq Targets 4 Million Barrels per Day in 2027 Oil Export Boost
Iraq projects oil exports to reach 4 million barrels per day in 2027 as it drafts a budget based on $58 per barrel.
EnergyNeutral
BioForce Nanosciences Acquires 40-Acre Texas Oil and Gas Lease
BioForce Nanosciences Holdings, Inc. has assumed a 40.19-acre oil and gas lease in Liberty County, Texas, taking over all wells and equipment.