Recent Posts
Deals•Feb 22, 2026
Scatec Secures €34M Debt Financing From EIB and EBRD for 190 MW Romanian Solar Project
Scatec announced it has reached financial close for a 190 MW solar power project in Romania, backed by a €34 million loan from the European Investment Bank and the European Bank for Reconstruction and Development. The financing will enable construction of the project, part of Romania's push to expand solar capacity to 8.2 GW by 2030.
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News•Feb 20, 2026
Denmark Seizes Blacklisted Container Ship Tied to Iran's Shadow Fleet
The Danish Maritime Authority seized the container vessel Nora, a ship blacklisted by the United States for violating Iran sanctions. Authorities say the vessel was sailing under an unauthorized Comoros flag and abruptly raised the Iranian flag when questioned, indicating...
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News•Feb 20, 2026
Kyrgyzstan’s Energy Emergency Opens the Door to Russian Nuclear Influence
Facing chronic electricity shortages due to over‑reliance on hydropower, Kyrgyzstan is considering a Russian‑built small modular reactor (SMR). President Putin pledged Moscow’s readiness to construct the plant, which could deliver 110‑440 MW of baseload power. The deal would require deep regulatory,...
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News•Feb 20, 2026
Civil War-Torn Sudan Sits On Unexplored Mineral Riches Worth Billions
Sudan, despite a civil war that began in 2023, is courting foreign investors to develop its largely untapped mineral portfolio that includes gold, copper, uranium and rare‑earth elements. Gold production set a new record of 70 tonnes in 2025, generating...
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News•Feb 19, 2026
Trump’s Energy Dominance Clashes with Soaring Bills at Home
U.S. LNG exports are set to climb from 15 Bcf/d last year to 18.1 Bcf/d by 2027, driving record natural‑gas production. The surge in feed‑gas demand and AI‑powered data‑center growth is tightening domestic supply, pushing residential and wholesale electricity prices higher. While...
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News•Feb 18, 2026
Can Big Oil Succeed Where Diplomacy Has Failed in Libya?
Libya’s National Oil Corporation launched its first post‑Gaddafi licensing round, offering 22 offshore and onshore blocks to meet a 2 million‑barrel‑per‑day production target by 2028. U.S. super‑major Chevron secured Contract Area 106 in the Sirte Basin, marking its return after a 16‑year...
By OilPrice.com – Main
News•Feb 17, 2026
Why Coal May Outlast Natural Gas in the Electricity Market
The article argues that as renewables displace fossil generation, coal may outlast natural gas in U.S. electricity markets. Coal’s proximity to mines allows on‑site storage and reduces logistical complexity compared with gas pipelines. Winter reliability concerns for gas, such as...
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News•Feb 17, 2026
BP Is Running on Empty As Energy Giant Scraps Buyback Program
BP announced suspension of its share buyback program and raised its cost‑cutting target by $1.5 billion, aiming for $5.5‑$6.5 billion of savings by 2027 to fund oil production. The move follows a turbulent year that saw the ouster of CEO Murray Auchincloss...
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News•Feb 17, 2026
China Hits Renewable Milestone, But Coal Isn’t Going Anywhere
China’s operating power capacity from non‑fossil sources surpassed fossil‑fuel capacity for the first time, reaching 52 % of the total in February 2026. The achievement reflects a decade of aggressive solar and wind deployment, backed by the world’s largest clean‑energy supply chain....
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Deals•Feb 17, 2026
Berkshire Hathaway's PacifiCorp Sells Washington Assets for $1.9 Billion
Berkshire Hathaway's utility subsidiary PacifiCorp announced the sale of its Washington state assets for $1.9 billion. The transaction marks a significant divestiture for the utility, though the buyer was not disclosed in the announcement.
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News•Feb 16, 2026
Suriname's Oil Boom Faces Economic Headwinds Despite Major Discovery
Suriname’s GranMorgu project, a $10.5 billion offshore development by TotalEnergies and APA, targets 760 million barrels and is projected to generate $26 billion in revenue. The field is slated for commissioning in 2028, roughly twice the timeline Guyana achieved for its Stabroek Block....
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News•Feb 16, 2026
Russia Rattled by America’s Nuclear Move in Armenia
The United States and Armenia signed a nuclear cooperation agreement on February 9, committing to American modular reactor technology for Armenia's next plant. Moscow responded with a public backlash, accusing the U.S. of untested designs and offering lucrative financial and infrastructure...
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News•Feb 16, 2026
Hungary Seeks Croatian Help As Russian Oil Flows Via Ukraine Halted
Hungary and Slovakia have formally asked Croatia to permit Russian crude to flow through the Adria pipeline after the Ukrainian segment of the Druzhba pipeline was shut down following Russian strikes. The two countries cite an EU sanctions exemption that...
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News•Feb 16, 2026
Dangote Drives Nigeria’s Domestic Fuel Supply Above 57% as Imports Retreat
Nigeria’s Dangote Refinery reached full 650,000 bpd capacity in January 2026, processing a record 40.1 million litres of crude per day and supplying 57 % of the nation’s fuel. Domestic output now provides 62 % of premium motor spirit, overtaking imports for the first...
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News•Feb 16, 2026
Why Chevron Is Betting Big on Venezuela’s Heavy Crude
Chevron is aggressively expanding its Venezuelan heavy‑crude production to feed its complex Gulf Coast refineries, which are optimized for dense, sulfur‑rich oil. Global supplies of such crude have tightened as Mexican exports fall, Russian barrels are sanctioned, and Canadian logistics...
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News•Feb 13, 2026
British Gas Boss Warns UK Electricity Bills Will Soar by 2030
British Gas chief executive Chris O’Shea warned that UK electricity bills will exceed the 2022 peak by 2030 as the country scrambles to fund massive grid upgrades. He attributed the surge to years of under‑investment, with two‑thirds of future costs...
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News•Feb 13, 2026
Lithuania Could Break EU Ranks Over Critical Minerals Deal
Lithuania warned it may negotiate a stand‑alone critical minerals agreement with the United States if the European Union fails to deliver a bloc‑wide pact promptly. The move aims to secure rare‑earths, battery metals and other strategic inputs for its defense...
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News•Feb 13, 2026
U.S. Rig Count Holds Steady as Oil Drilling Slips and Gas Activity Climbs
The U.S. rig count held steady at 551 this week, with oil rigs slipping by three to 409 while gas rigs rose by three to 133. Crude output climbed to 13.713 million barrels per day, edging close to an all‑time high....
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News•Feb 13, 2026
TC Energy Tops Q4 Profit Estimate on Strong U.S. Natural Gas Demand
TC Energy reported fourth‑quarter earnings per share of US $0.72, beating the consensus estimate of $0.68, driven by record natural‑gas deliveries in both the United States and Canada. U.S. pipeline flows rose 9.5% YoY to 29.6 Bcf/d, while Canadian deliveries hit a...
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News•Feb 13, 2026
Enbridge Books Record-High Core Earnings for 2025
Enbridge posted record‑high 2025 core earnings, reporting adjusted EBITDA of US$14.7 billion, a 7% increase over 2024, and a 9% rise in adjusted earnings. The fourth‑quarter adjusted EPS of US$0.65 topped analyst forecasts of US$0.56. The company credited expanding pipeline takeaway...
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News•Feb 13, 2026
IEA Dials Back Its Oversupply Warning After Winter Shocks
The International Energy Agency trimmed its 2026 oversupply warning after a surprise 1.2 million barrels‑per‑day supply drop caused by cold snaps in the United States and a power‑outage‑forced shutdown at Kazakhstan’s Tengiz field. Europe’s gas inventories fell to just 35 % of...
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