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America's first utility-scale offshore wind project began in 2024, and the DOE sees over 4,000 GW of technical potential. Growth continues despite Trump administration halt orders and court fights. #OffshoreWind# #Energy# #Wind#
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Iran is drafting next year's budget on the premise that oil revenue could fall to zero. Tehran has loaded no crude since Aug 25, per the US Treasury, and Kpler expects payments to stop around mid-December. #Iran# #Oil# #Sanctions# #Kpler#
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The US Senate approved a preliminary version of the Bipartisan Affordability and Jobs Act (BAAJA), which sets a roadmap for new power generation at data centers. Analysts see 40-50 GW of possible gas-fired additions. #Power# #NatGas# #AI#
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Trump extended the Jones Act waiver for another 90 days, keeping foreign-flagged tankers eligible to move oil between U.S. ports. Voyages still need individual approval: 48 granted since August vs ~300 earlier. #JonesAct# #Oil# #Shipping#
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China's CGTN ran about 70 articles and videos in Uzbek and Russian promoting Uzbekistan ties, after Rubio's October visit produced 54 announced US-Uzbek agreements worth up to $12 billion. #CentralAsia# #Uzbekistan# #China# #USChina#
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US oil rigs held at 463 this week, 46 above a year ago, Baker Hughes says; total rigs fell to 601. EIA shows weekly crude output at a third straight record, 14.013M bpd. Brent $96.09, WTI $89.00. #RigCount# #Oil# #Crude#
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Germany plans to buy RWE and E.ON's one-third Urenco stake for up to €4 billion, German press reports, at Britain's request, as the UK readies Urenco fuel for military reactors, including submarines. #Urenco# #Nuclear# #Germany#
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Iraq's crude output hit 4.6M b/d in October, the highest since 2019 and up 540,000 b/d from September, the IEA's monthly report shows. Output topped its OPEC+ quota by about 170,000 b/d as Hormuz flows surge. #Iraq# #Oil# #IEA# #OPEC#
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ICE Brent is back near $96 a barrel as Iran tensions escalate, Houthi strikes hit Saudi pumping stations and Russia-Ukraine peace prospects dim. OPEC held 2026 demand growth at 180,000 b/d and raised 2027 to 2.55M b/d. #Oil# #Brent# #OPEC#
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Germany is dismantling the Greifswald power plant at the Nord Stream landfall in Lubmin for transfer to Ukraine in Q1 2027. SEFE says no commercially viable reuse or sale emerged after it shut in April 2023. #Germany# #Ukraine# #NordStream# #Power#
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India's road fuel demand won't peak until 2034, topping 2.5M bpd, BloombergNEF says, as commercial and conventional fleets keep burning gasoline and diesel despite rising electric two- and three-wheeler sales. #India# #Oil# #EV# #Gasoline#
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Iran has ruled out a return of IAEA inspectors, Grossi said in a restricted report, noting the agency lost continuity of knowledge of its highly enriched uranium over a year ago. U.S. war talks have stalled. #Iran# #IAEA# #Nuclear#
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Pakistan LNG Limited reissued a tender for two LNG cargoes, due Dec 14-16 and Jan 9-11. Earlier bids of $27-$31/MMBtu were rejected, as Pakistan relies on pricey spot supply after Qatar's force majeure. #LNG# #Pakistan# #NaturalGas#
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Eight months into the Iran war, global energy markets avoided the worst shortages by drawing down inventories, rerouting supply and paying more, Robert Rapier writes. Those buffers are now thinner, leaving less slack. #Oil# #Hormuz# #Energy#
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Iran's IRGC Navy said on Friday an LNG tanker hit a mine and exploded in the Strait of Hormuz while using a route Iran did not authorize. Iran said four oil tankers were hit by explosions on Thursday. #Hormuz# #LNG# #Iran# #Tanker#
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Saudi and Emirati AI plans rely on U.S. chip licenses; the article says HUMAIN and G42 were cleared for up to 35,000 Blackwell chips each last November, and expects slower, smaller batches under heavier audits. #AI# #Gulf# #Chips#
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Cheaper crude won't ease U.S. inflation: consumer prices rose an estimated 4% from a year earlier in October, up from 3.7% in September, with core up 0.3% in a month, as services and AI buildout costs keep climbing. #Inflation# #Oil# #Fed# #Energy#
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December WTI rebounded from an $83.88 low to $88.20, down $2.63 (2.90%) on the week, as Houthi-claimed attacks on Saudi energy sites offset peace hopes, higher Saudi output and a 4.7M-barrel U.S. crude build. #Oil# #WTI# #Saudi# #Iran#
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Asia's refiners are returning to Middle Eastern crude as Hormuz flows rise, freight rates ease from record highs and Gulf producers offer discounts to regional benchmarks. Chinese, Japanese and Thai buyers lead. #Oil# #Hormuz# #Asia# #Gulf#
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India is seeking private investors to build its largest strategic oil reserve, a $910 million site in Odisha holding 4 million tons. It would lift SPR capacity 80%; New Delhi offers a $546 million grant. #India# #SPR# #Oil# #Energy#
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