Industry News
Latest news from the international oil & gas and nuclear power industry — stay on top of energy trends.
Oil Prices Fall Sharply
Amid diplomatic de-escalation signals between the US and Iran, Brent crude fell nearly 10% in two days to around $95/barrel as the geopolitical risk premium quickly unwound; the market is watching the $90 support. (Nov 5)
Global LNG Supply Tightens
The IEA warns that global LNG supply will see its largest annual decline in history this year (about -3%), as Hormuz shipping disruptions keep affecting Qatari and Emirati exports. (Nov 3)
Global Nuclear Power Expands Rapidly
World Nuclear Association report: 79 nuclear reactors are under construction worldwide — the highest since Chernobyl; AI data-center power demand is driving rapid growth of small modular reactors (SMR). (Nov 2)
