Energy

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

• Angola to continue plan to end fuel subsidies

  Subsidy costs have risen to more than twice the amount budgeted due to higher global prices.

• Netherlands seeks end to EU gas storage targets

  The Dutch government wants to scrap mandatory filling targets under a revamp of the EU's supply security rules.

• Oil Falls to $100 as Saudi Shipments Rise in Gulf

  Brent dropped 3.4% for a fourth straight session as satellite data showed record ship activity at Saudi Arabia's main Persian Gulf port.

• Hormuz Oil Shipments Hit Six-Month High

  US Central Command says transit lanes are clear of mines and over 1 billion barrels of crude moved in recent months.

• Fed Unanimously Raises Rates by a Quarter Point

  The move came amid inflation above target and concerns from strategists about elevated diesel prices.

• Generac shares jump 18% after Amazon data center deal

  Generac shares rose 18% after the company announced an $8 billion agreement with Amazon for data center power supply.

• Miners signed $100B in AI contracts; only 550 MW bills today

  CoinShares data shows the $100 billion AI backlog rests on 550 MW of billing capacity, a gap that forces operators like IREN and Core Scientific to spend capital converting power infrastructure.

• Holtec Suspends US IPO Plan, Bloomberg Markets Reports

  The Camden, New Jersey firm was set to raise up to $900 million through 50 million shares priced between $15 and $18 each.

• Ethiopia restricts power for Bitcoin miners as hydropower supply drops

  CoinTelegraph reports state utility prioritized households and manufacturers, cutting supply to miners that previously drove 35% of its revenue.

• Bitcoin slides ahead of Fed decision that prices in 25bp hike

  The 10-year Treasury yield hovers near 5% after climbing roughly 80 basis points this year.

• Tether's USDT Freeze Gives FBI a Direct Custody Route

  The Sept. 14 filing confirms Tether can burn frozen USDT for FBI, while prosecutors trace $1.5 billion through Binance.

• Senate GOP floats diesel export ban as prices hit record

  The proposal follows diesel prices reaching a record $6.27 a gallon, according to MarketWatch.

• Oman says Hormuz shipping meeting with Iran delayed

  Oman’s foreign minister said the gathering was scheduled for Monday but has been postponed.

• US Forces Redirect 100 Commercial Vessels in Iran Blockade

  Central Command reported that 100 commercial vessels have been diverted over the past 60 days as the maritime blockade against Iran continues.

• Lagarde links Normandy's energy surplus to EU grid gaps

  ECB president argues regional low-carbon power cannot stabilize prices without the cross-border connections planned for 2030.

• Forget crypto or AI, oil tanker ETF BWET is up 5,100%

  The best-performing ETF in America isn’t in AI, crypto, or tech.

• Russia Holds Key Rate at 14% for First Time in 15 Months

  The central bank paused its borrowing cost to address inflation risks from war-related fuel disruptions and increased state spending.

• Dangote Refinery Targets $49 Billion Valuation in Africa's Largest IPO

  Aliko Dangote is opening Nigerian refinery shares to retail investors for a minimum purchase of 10 shares at 525 naira apiece.

• South Africa seeks advisers for Eskom transmission spin-off

  The government is preparing to identify a transaction adviser to create a fully independent transmission system operator.

• Oil Edges Higher After Iran Targets Tankers in Strait of Hormuz

  Brent crude advanced 0.6% after Iran said it hit three tankers in the strait in retaliation for US strikes.