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Western refineries are positioned to record profits amid a global diesel shortage expected to persist into next year, with major producers like TotalEnergies and Shell reporting exceptional earnings from the fuel crisis.
The Trump Department of Interior has sought court review of Revolution Wind, an offshore project that completed construction and began supplying electricity to New England residents.
University of Texas researchers propose using treated wastewater from oil and gas operations in the Permian Basin to cool artificial intelligence data centers, potentially addressing water scarcity concerns.
Oil prices remain elevated as the U.S.-Israeli conflict with Iran continues, with Brent crude futures for January 2027 trading at $102.59 per barrel, signaling expectations of prolonged supply constraints.
EDF Energy’s chief executive argues new UK oil and gas projects represent a pragmatic approach to energy security while accelerating renewable transition, joining other industry leaders in supporting North Sea development.
EU leaders debate postponing ETS2, a carbon market for transport and heating fuels. Critics argue delay leaves households vulnerable to future energy crises rather than addressing underlying fossil fuel dependence.
