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- 1
The U.S. Strategic Petroleum Reserve has dropped to its lowest level since 1982, according to an energy industry report drawing wide attention. The drawdown followed large releases of emergency crude oil intended to cool fuel prices. Commenters are debating whether the reserve can be refilled cheaply and whether the drawdown has left the country exposed to future supply shocks or price spikes.
- 2Ukraine says it hit six Russian refineries in one weekโSix strategic refineries. Up to 1,600 km behind the front line. One week. This is Ukraine's answer to Russian terror: a
Ukraine's defence ministry announced a week of long-range strikes on Russia's fuel and energy sector, saying six strategic oil refineries were hit, some up to 1,600 kilometres behind the front line. Kyiv described the targeted facilities as key suppliers of fuel to Russia's defence industry and framed the campaign as an answer to continued Russian attacks on Ukraine.
- 3
A new report examines how elite universities have become entangled with politics and the petroleum industry, looking at funding ties and political influence surrounding fossil fuels on campus. The piece traces how university endowments, research money and institutional relationships with oil interests have drawn criticism amid debates over climate responsibility and divestment.
- 4Saudi oil scientists helped write key UN climate reportsโSaudi oil scientists ended up working on most important climate reports
The Guardian reports that scientists linked to Saudi Arabia and Aramco ended up contributing to IPCC climate reports, the most influential scientific assessments on global warming. The story raises questions about the influence of oil-producing nations and fossil fuel interests inside the UN body that shapes international climate policy, and it is prompting debate about conflicts of interest in climate science.
- 5Justice Alito sits out Supreme Court climate case against oil companiesโUS Supreme Court's Alito won't participate in climate case involving oil companies
US Supreme Court Justice Samuel Alito is not taking part in a case involving climate-related claims against major oil companies. His recusal reduces the bench to eight justices for the case, which could affect the outcome if the court splits. The case is being closely watched for its implications for climate litigation against the fossil fuel industry.
- 6CERAWeek draws oil and gas leaders to HoustonโA kind of annual meeting of the # oil and # gas industry. Every year, more than 10,000 people from around 90 countries g
CERAWeek, the annual energy industry gathering in Houston, USA, is under way, bringing together more than 10,000 attendees from around 90 countries. The conference draws chief executives of major corporations alongside government representatives to discuss energy policy, oil and gas markets, and the global energy transition. It is widely regarded as one of the sector's most influential annual meetings.
- 7Trump's price-fixing plans stumble weeks before midtermsโ5 WEEKS to the midterms. Trump's plan to fix prices has failed 3 TIMES. ๐ฅฉ Tariff-free beef โ FARMERS revolt โฝ Diesel exp
With five weeks until the US midterms, critics are highlighting three failed attempts by the Trump administration to bring down prices: tariff-free beef imports that angered farmers, a proposed diesel export ban opposed by the oil industry, and proposed $5,000 checks that even Republicans rejected. Inflation has remained above the Federal Reserve's target since 2021, and economists blame administration policies for the persistence of high prices.
- 8London businessman tied to Trump's Venezuela oil pushโThe most influential person in Trump's push to remake Venezuela's oil industry is a London-based businessman who spent y
A London-based businessman is described as the most influential figure in the Trump administration's efforts to restructure Venezuela's oil industry. He reportedly spent years under investigation in the United States, Venezuela, Switzerland and Spain, raising questions about his role and background. The report has drawn attention amid ongoing scrutiny of US policy toward Venezuela's oil sector.
- 9EU considers delaying methane rules as IEA weighs oil stocksโผEU eyes methane law delay, IEA to discuss oil stock releases if needed
The European Union is weighing a delay to its methane emissions law, while the International Energy Agency says it stands ready to discuss coordinated releases of oil stockpiles if market conditions require. The twin moves point to growing concern in Brussels and among energy watchdogs about balancing climate commitments with supply security and price pressures currently facing consumers and industry.