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Home > Latest

Lates News

date
05/08/2026
The survey results show that the Organization of the Petroleum Exporting Countries (OPEC) increased its oil production by 1.16 million barrels per day in July, reaching a total output of 19.44 million barrels per day, with significant increases from Kuwait, Saudi Arabia, and Iraq.
Latest
2 m ago
According to reports, the White House does not intend to publicly release its new framework for evaluating advanced artificial intelligence models.
2 m ago
Southern California Edison statement: The company believes its equipment is likely associated with the ignition of the Eaton fire.
2 m ago
The Shanghai International Energy Exchanges crude oil futures fell by 4.93% in the night session, closing at 510.50 yuan per barrel. Shanghai gold rose by 0.87% in the night session, while Shanghai silver gained 3.45%.
7 m ago
According to a Reuters report, insider sources revealed that the White House is expected to extend the Jones Act waiver in the coming days to utilize one of the few available tools to attempt to lower gasoline prices. The Jones Act requires that goods transported between U.S. ports must be carried by vessels that are built in the United States, owned by American companies, and operated by American workers. The oil industry initially expected the waiver to be extended before the end of July, but sources indicated that government officials have been continuing discussions with shipping industry representatives and lawmakers about possible adjustments to narrow the scope of the waiver while maintaining flexibility for transporting key fuel supplies. The current waiver is set to expire on August 16, marking the longest suspension period in the history of the program as defined by the Jones Act. According to U.S. government data, the waiver has been utilized nearly 200 times in the last four and a half months as of the end of July. Those opposing the extension are pushing for regional restrictions and enhanced scrutiny of each shipment. Key Republican lawmakers have urged the government to limit the waiver's scope and have warned that the widespread use of the waiver could undermine the strength of the U.S. domestic fleet and jeopardize the national security objectives of the Act.
10 m ago
Turkey's Energy Minister: Turkey is negotiating the construction of a natural gas pipeline to the power plant in Iraq.
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