Australia’s Northern Territory has approved land for a proposed $28 billion AI data center development that would be powered by natural gas from the Beetaloo basin, highlighting growing demand for gas-fired generation to support hyperscale computing and AI infrastructure. SourceContinue Reading

Grandweld Shipyards will design and build two advanced offshore support vessels for Saudi Arabia’s Bahri Logistics, strengthening offshore logistics capabilities at Ras Tanura Port and supporting operations across the Kingdom’s energy sector. SourceContinue Reading

Oil prices climbed toward $95/bbl as escalating U.S.-Iran hostilities, tanker attacks in the Strait of Hormuz, Red Sea shipping threats and disruptions to Kazakhstan’s crude exports heightened concerns over global oil supplies and market volatility. SourceContinue Reading

Fluxus Oil, Gas & Energy has acquired a stake in Venezuela’s Petrororaima joint venture through the purchase of A&B Oil and Gas, targeting production growth in the Orinoco Heavy Oil Belt as upstream investment and sanctions relief drive renewed activity in the country. SourceContinue Reading

China’s AI Offensive Gains Ground in Central Asia | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Jul 22, 2026, 1:00 PM CDT China is expanding its AI influence...Continue Reading

GE Vernova Raises Outlook As AI Power Boom Masks Wind Weakness | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jul 22, 2026, 12:30 PM CDT GE Vernova raised its full-year revenue forecast on Wednesday after another quarter of booming demand for gas turbines, grid equipment...Continue Reading

Brazil’s Oil Boom Is Accelerating as Asian Buyers Flee the Middle East | OilPrice.com Matthew Smith As Oilprice’s South America correspondent, I cover Colombia (where I currently live), Venezuela, Ecuador, Peru, Brazil, Argentina, Chile, Bolivia, Paraguay, Guyana, Suriname and Uruguay. I… More Info Premium Content By Matthew Smith – Jul 22, 2026, 12:00 PM CDT...Continue Reading

LNG Supply Crisis Pushes Buyers Toward Coal and Oil | OilPrice.com Andrew Topf With over two decades of journalistic experience working in newspapers, trade publications and as a mining reporter, Andrew Topf is a seasoned writer specializing in… More Info Premium Content By Andrew Topf – Jul 22, 2026, 11:00 AM CDT LNG disruptions in...Continue Reading

Crude oil inventories in the United States saw an increase of 2.0 million barrels during the week ending July 17, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 411.7 million barrels, according to government data, which are now 6% below the five-year average...Continue Reading

Europe Heads Into Winter With Its Weakest Gas Cushion In 15 Years | OilPrice.com Michael Kern What I Cover My focus spans the global energy landscape and the technologies reshaping it, specifically focusing on oil and gas, renewables, and tech-driven market… More Info Related News By Michael Kern – Jul 22, 2026, 9:30 AM CDT...Continue Reading