by News Feed Editor | Aug 1, 2026 | Energy
Brent crude is positioned to close July near $90 per barrel as Middle East shipping disruptions support prices despite an 8% weekly loss, while Saudi Arabia organizes an international maritime coalition.
by News Feed Editor | Aug 1, 2026 | Energy
BP has launched a formal sale process for its North Sea oil and gas operations, ending six decades of production in the basin as new leadership seeks to simplify the company and reduce debt.
by News Feed Editor | Aug 1, 2026 | Energy
US oil rig counts rose to 588 this week, with crude production averaging 13.796 million barrels per day, as oil prices held near $85 per barrel amid cautious market conditions.
by News Feed Editor | Aug 1, 2026 | Energy
A recent attack on Saudi Aramco’s Abqaiq oil-processing facility has exposed vulnerabilities in the Kingdom’s export infrastructure, raising concerns about the reliability of global energy supplies despite current price restraint.
by News Feed Editor | Aug 1, 2026 | Energy
Venture capital funding for U.S. nuclear startups has surged to $4.5 billion across 81 companies this year, driven by artificial intelligence’s massive energy demands and government support.
by News Feed Editor | Aug 1, 2026 | Energy
The D.C. Circuit Court of Appeals upheld FERC Order 2023, a directive to accelerate clean energy project interconnections by addressing lengthy grid operator delays that have affected renewable energy projects.