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Energy News

Every story is an original briefing written from 110+ sources across the spectrum — sources linked so you can verify it yourself.

Machado Demands Transparency and Elections Days After Trump's Venezuela Oil Deal Signing

Two days after Chevron, GE Vernova and ENI signed onto the U.S.-Venezuela oil pact in Caracas, Nobel laureate María Corina Machado is publicly asking who actually signed the deal and what it covers. She's not against American investment. She's against an unelected government cutting a $209 billion deal with zero transparency and no election in sight.

Scientists Remain Split on Whether the Gulf Stream Could Collapse, or Even Whether It's the Right Question

Researchers studying the Atlantic Meridional Overturning Circulation say the system that includes the Gulf Stream could weaken over coming decades, but they disagree sharply on how likely a collapse is, when it might happen, and even how to define what's being measured. Two European oceanographers say the alarm-bell headlines outrun what the data can actually show.

WMO Puts Near-100% Odds on El Niño Lasting Through February 2027, Forecasts 'Very Strong' Peak This Fall

The World Meteorological Organization issued its most unequivocal El Niño forecast ever on Thursday, putting the odds of the pattern persisting through February 2027 at nearly 100% and projecting it will hit 'very strong' intensity by year's end. That's a formal escalation from the raw ocean-temperature data reported a few days ago, but the scarier historical comparisons floating around still rest on proxy data with real uncertainty attached.

UK and Australian Forecasters Say El Niño Could Break 500-Year Record as New Study Ties Its Growing Strength to Warming

Since NOAA reported Niño 3.4 ocean temperatures running up to 2.6°C above average on August 31, both the UK Met Office and Australia's Bureau of Meteorology have gone further, warning this El Niño could be the strongest in centuries. A separate coral-record study in Science finds El Niño events are 36% stronger than before industrialization, though the study's own authors say they haven't proven climate change is the cause.

Rosatom Signs Nuclear Deals With Turkey, Kazakhstan and Iran While Its Seized Ukrainian Plant Runs on Generators

Russia's state nuclear firm Rosatom is locking in decades-long power plant contracts with Turkey, Kazakhstan, Iran and soon Armenia, a form of leverage that Western sanctions can't easily touch. Meanwhile the Zaporizhzhia plant Russia seized in Ukraine has been without outside power for more than a week and is running on 10 days of diesel, according to the IAEA. Same country, same industry, two very different pictures of what Russian nuclear control looks like up close.

Japan's Largest Tanker Line Says Hormuz Risk Won't Ease This Year, as Analysts Split on How Much Gulf Oil Is Still Shut In

Mitsui OSK Lines CEO Jotaro Tamura says his company now doubts Hormuz shipping will normalize by year-end, pushing back an earlier October-to-January resumption plan. Meanwhile the IEA, EIA and petroleum geologist Art Berman offer different estimates of how much Gulf oil production remains shut in, and analysts are openly disputing Treasury Secretary Scott Bessent's claim that new pipelines will make the strait 'irrelevant' within two years.

Trump Administration Moves to Bar Worst-Case Climate Models From Federal Policy, as Energy Analysts Warn Carbon Sinks Are Weakening

The Trump administration proposed an amendment to the Fifth National Climate Assessment barring the use of extreme RCP8.5 emissions scenarios as policy baselines. Separately, a Wood Mackenzie report finds the oceans and forests that absorb 40% of human CO2 emissions are losing capacity, with global forest area shrinking and net emissions up 80% since 1990. Both are real developments worth tracking on their own terms, and neither cancels out the other.

EU Gas Storage Falls to 65% Full, Lowest Since Records Began in 2011, as Qatar's LNG Exports Collapse 96%

Since the U.S.-Israel war on Iran shut down Gulf LNG exports roughly six months ago, Europe's storage refill has fallen 16 points behind its five-year average, and Dutch benchmark gas prices topped €75 per megawatt-hour this week. Qatar, once a fifth of global LNG supply, has shipped just 18 cargoes since March versus 509 a year earlier. The EU says no physical shortage is coming, but it can't say what the price tag will be.

Sinopec's Buying Spree Pushes Russian ESPO Crude Premiums to Record Highs

China's state oil giant Sinopec is buying Russian ESPO crude at a pace that's pushed premiums to a record $7 to $10 a barrel over Brent, according to Reuters. The driver isn't sanctions failing on Russia, it's sanctions working on Iran, and Moscow is cashing the difference.

Dubai Crude Nears $100 on Asian Buying Spree While Brent and WTI Ease

China, India, South Korea and Japan are buying so much Middle Eastern crude that Dubai futures are closing in on $100 a barrel and Murban hit $106.10, even as Saudi exports hit their lowest level since 2017. Meanwhile Brent and WTI, the benchmarks more exposed to Western demand, actually dipped Thursday after President Trump said he doesn't expect the U.S. bombing campaign against Iran to last much longer.

US Diesel Hits $5.78 a Gallon, Asian LNG Nears $26 as Iran War's Price Tag Passes $330 Billion

Since the US and Israel struck Iran in late February, fossil fuel importers have paid $330 billion more than pre-war futures markets expected, according to the Centre for Research on Energy and Clean Air. US diesel hit $5.783 a gallon Wednesday, the highest since mid-2022, while Asian LNG topped $25.90 per MMBtu, more than double pre-war levels. Trump says he's ready to strike Iran again anytime; the bill for that fight is landing on drivers and cooking-gas buyers from Lahore to Lagos.

China's Emissions Fell 1% in Q2 as Oil Use Drops for the First Time Ever, Sinopec Says Demand Already Peaked

China cut crude imports up to 32% during the Strait of Hormuz crisis, and new data shows its carbon emissions actually fell because of less oil use, not less coal, for the first time on record. Sinopec now says Chinese oil demand probably peaked last year, PetroChina posted a 22% profit jump anyway, and Beijing just opened an Arctic shipping route to hedge against future chokepoint chaos. None of it means China is going green so much as it means China got spooked and adapted fast.

The US Detonated a Nuclear Bomb Under New Mexico in 1967 to Free Up Natural Gas. The Gas Came Out Radioactive.

Project Gasbuggy buried a 29-kiloton nuclear device 4,227 feet under Rio Arriba County, New Mexico in December 1967, hoping to fracture rock and unlock natural gas. Five follow-up tests pulled 213 million cubic feet of gas out of the ground, but the gas carried measurable radioactivity and the site remains contaminated underground nearly six decades later.

New Study Says Power Lines Could Save Customers $15.3 Billion, But Who's Really Paying for the Buildout?

A new CERA Consulting study, paid for by grid companies with a direct financial stake in transmission spending, claims new power lines could save customers up to $15.3 billion through 2050. Texans are asking a more basic question first: whether that grid expansion is actually for them or for the data center boom eating their water and land.

NOAA's New Fall Outlook Confirms Warmer, Drier North and Wetter Southwest as El Niño Nears Record Strength

NOAA's Climate Prediction Center has released its September-through-November outlook, showing warmer-than-normal odds across nearly the entire Lower 48 and a wetter tilt for the Southwest and Southeast. Federal forecasters now put the odds of this El Niño becoming the strongest on record at 69%, with California bracing for flood risk and Texas's Rio Grande Valley already deep in drought.

India Says It Will Pass Germany to Become World's Third-Largest Wind Power Producer by 2030

A senior Indian energy official says the country will overtake Germany in installed wind capacity before 2030, hitting 107 GW as domestic turbine manufacturing and exports surge. The manufacturing numbers are real and impressive, but the government's own offshore wind program has collected zero substantial proposals despite committing over Rs 7,453 crore in subsidies.

Oil Hits 5-Week High and Global Bond Yields Hit Decades-High Levels as US-Iran Fighting Resumes

Since U.S. and Iranian forces resumed direct strikes over the weekend, WTI crude has climbed roughly $5 a barrel to five-week highs while U.S. crude stockpiles and the Strategic Petroleum Reserve fell to their lowest levels since 1982. The oil spike has now spread into bond markets worldwide, pushing yields in the U.S., Japan, UK and Germany to multi-decade highs on inflation fears.

OPEC+ Set to Freeze October Oil Quotas Sunday as Iran War Craters Hormuz Shipping

OPEC+ delegates say the cartel will hold production quotas steady at Sunday's video meeting, but the decision barely matters when Gulf producers can't move barrels through a war zone. The U.S.-Iran conflict is now seven months old, Strait of Hormuz traffic has cratered to a fraction of normal, and Brent settled at $95.63 a barrel Wednesday. Even Washington's own officials can't agree on how open the strait actually is.

MISO Files New Grid Reliability Rules for Data Centers as AI Power Demand Strains the System

The Midcontinent Independent System Operator filed a proposal with FERC on August 28, 2026, requiring data centers and other massive electricity users to prove they can survive grid disturbances before connecting. It follows a Virginia incident that knocked several gigawatts of data center demand offline in July, and puts MISO in line with similar moves at PJM and ERCOT. The rules target the AI boom's power appetite directly, and someone is going to have to pay for the fix.

Google Signs 396 MW Deal With Fervo Energy for Geothermal Power to Fuel Utah Data Center

Google committed Tuesday, September 1, to buy 396 megawatts of geothermal power from Fervo Energy's Cape Station project in Utah, the largest enhanced-geothermal purchase agreement on record, with an option for another 600 MW by June 2030. It's a bet that Fervo can deliver reliable power where gas turbines and grid interconnection queues can't, but Fervo's own stock has been sliding since its May IPO and Wall Street analysts say the technology remains unproven at this scale.