Energy

Energy coverage across every StreamSage desk, filed under Energy: Oil, Gas, Power, Renewables, Nuclear, Carbon. Sources on every story.

• Treasury says Iran has 30 million barrels left for China

  Bessent frames the US blockade and sanctions as an endurance test, citing limited remaining Iranian crude available to Chinese buyers.

• Oil posts biggest weekly gain since July amid US-Iran strikes

  WTI climbed toward $92 a barrel after renewed hostilities heightened concerns over disruptions to energy flows through the Strait of Hormuz.

• Kalshi seeks CFTC approval for 24/5 WTI crude oil perpetual

  The exchange plans a weekday-only trading schedule, leaving the contract closed during weekends when traditional futures markets halt.

• US share of Canada exports hits lowest level since 1997

  Declines in gold and energy sales cut the US proportion of Canadian exports to 66% in July, per Bloomberg Economics.

• Bitcoin holds near $77,000 as global bond selloff tests recent rally

  Bitcoin traded between $76,800 and $81,600 after a 23% jump, while Japan's 10-year yield held above 3% and Brent crude topped $95.

• US collaborates with Venezuela interim government on conditional oil deal

  Following Maduro's ouster, Washington is working with interim President Delcy Rodriguez, with relations subject to numerous conditions set by Trump.

• Hedge funds raise bullish gasoline bets to six-month high

  CFTC data show the largest increase in bullish wagers on US gasoline since the start of the US-Iran war.

• Radiant World leaves blue-chip firms counting losses

  Several firms, including top banks and Glencore, are counting losses after lending money and reputations to the little-known iron ore trader Radiant World.

• Braskem launches $11 billion debt restructuring

  The petrochemicals firm secured 90 days from 39% of creditors to continue negotiations after a prior 60-day window expired.

• Treasury Yields Fall as Oil Drop Eases Inflation Worries

  Bessent seeks to halt months-long selloff by doubling Treasury buybacks to push long-term rates lower.

• Bessent's Iran sanctions drive oil to biggest 3-week drop

  The move sparked de-escalation hopes, but analysts point to China's role as Iran's top buyer as the key variable for sanctions effectiveness.

• Pennsylvania Governor Orders New Data Center Restrictions

  Gov. Josh Shapiro's new rules aim to shield residents from higher electricity costs and give communities more control.

• S&P 500 Energy Index Hits Record High as Oil Rises

  The S&P 500 Energy Sector Index climbed 1.8% on Tuesday to mark its first all-time high since March 27, per Bloomberg Markets.

• ECB’s Lane Says Inflation to Hover Near 3% for Rest of Year

  European Central Bank Chief Economist Philip Lane stated that consumer-price increases are likely to hold "well above" the 2% target in 2026, according to Bloomberg Economics.