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Pound Sterling Price News and Forecast: GBP/USD remains weaker as UK-US yields narrow
GBP/USD extends its losses for the second consecutive day, trading around 1.3450 during the Asian ho...
British Pound remains weaker as UK-US yields narrow, US Dollar strengthens
GBP/USD extends its losses for the second consecutive day, trading around 1.3450 during the Asian ho...
AI Boom Forces Tennessee to Plan Massive Natural Gas Expansion
The Tennessee Valley Authority released its preliminary 2026 integrated resource plan on Monday, saying load growth in its footprint is already outpacing the reference case forecast in its draft IRP, ...
UK Energy Secretary Vetoed Plan to Boost Oil Output for Defense Funds
UK Energy Secretary Ed Miliband has vetoed a plan by the Treasury to boost North Sea oil and gas drilling in order to fund part of Britain’s increased defense funding needs, The Telegraph reported on ...
AI Data Center Boom Could Drive Fuel Cell Market to $30 Billion by 2030
Data center developers are scrambling for reliable power, turning away from congested grids and toward on-site fuel cells. Rystad Energy research and analysis projects a tenfold increase in fuel cell ...
Middle East Fuel Oil Exports Set to Hit Four-Month High
Fuel oil exports from the Middle East are expected to rebound to a four-month high this month as tanker traffic through the Strait of Hormuz picks up and key fuel oil producers Iraq, Saudi Arabia, and ...
Russia Faces Growing Fuel Crunch as Ukrainian Strikes Knock Out Refineries
Russia is facing its worst nationwide fuel shortages in years, with at least 17 regions imposing mandatory restrictions on gasoline and diesel sales, and dozens of others reporting shortages or restri ...
ADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap Project
The national oil company of the United Arab Emirates, ADNOC, has signed agreements with BP and TotalEnergies to let the European oil and gas supermajors take 10% each in the consortium developing one ...
$70 Oil Could Put India Back on Track for 7% Economic Growth
India’s economy could return to the trajectory to grow by 7% and even more in the fiscal year through March 2027 if oil prices remain close to the current $70 per barrel, according to a senior officia ...
Qatar Signs Crude Deal With Taiwan as Gulf Oil Trade Recovers
In the latest sign of recovering oil flows in the Persian Gulf, Qatar inked a deal with a Taiwanese refiner for the sale of a cargo of Al-Shaheen crude, Bloomberg reported today, citing unnamed tradin ...
Natural Gas Prices Set to Ease as Qatar Restores LNG Output
Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries Forum has said. “If we assume that the ...
Global Battery Storage Boom Is A Boon for Tesla
Global battery storage installations are booming, and so is Tesla’s utility-scale battery business. Tesla has just signed a multi-year supply and execution agreement with clean energy infrastructure p ...
Norway's Oil Output Beats Forecasts Again Despite Pullback from April Highs
Norwegian petroleum production eased in May after April's exceptionally strong performance, but the country's offshore sector continued to outperform expectations. Crude oil production came in 7.2% ab ...
Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel Crunch
Russia should require its oil companies to refine at least 30% of their crude domestically to ease the fuel supply crunch, according to Igor Sechin, chief executive of Russia’s state-controlled firm R ...