Soaring fuel costs are increasing pressure on US President Donald Trump to curb diesel exports ahead of November's midterm elections. But what may seem like an easy fix could unleash a chain reaction that ultimately leaves American consumers and the global economy worse off. Surging energy prices since the start of the Iran war in late February are setting off alarm bells in the White House. While politically sensitive gasoline prices remain elevated at nearly $4.50 a gallon, attention in [Read more]
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Connect 2026: Building Stronger Partnerships for Future Success
As project opportunities continue to evolve across traditional energy, infrastructure, mining, advanced technologies, and emerging markets, collaboration across the supply chain remains more important than ever. Successfully executing projects requires strong partnerships, open communication, and a commitment to continuous engagement with suppliers and contractors. These principles were at the forefront of Fluor Canada's 2026 Connect event, held recently in Calgary. Connect was established [Read more]
Asia’s crude oil imports hit post-Iran conflict high in September, but remain weak
Asia's imports of crude oil rose to the highest in September since the Iran war started, but even with the recovery they remained some 13% below pre-conflict levels. The world's biggest oil-consuming region is on track to import 23.96 million barrels per day (bpd) in September, up from 23.38 million bpd in August and the most since February, according to data compiled by commodity analysts Kpler. Asia's crude imports have been trending higher since hitting the lowest in more than 10 years [Read more]
Energy Sales Has an AI Problem: Most AI Solutions Don’t Understand Energy
Artificial intelligence is rapidly finding its way into sales organizations. But for energy companies, simply adopting AI technology may not be enough. The more important question is: Does your AI actually understand energy? That distinction matters because selling into the energy industry bears little resemblance to selling software, financial services or consumer products. Energy sales is shaped by assets, projects, commodity cycles, capital budgets, drilling programs, regulatory [Read more]
Hope for progress after US, Iran hold first shuttle talks in months
The first shuttle talks between the United States and Iran for months raised hopes on Wednesday that the adversaries could make some progress towards ending the Middle East war, although neither side spelled out any change in their positions. Iran's Foreign Minister Abbas Araqchi and US envoys Steve Witkoff and Jared Kushner communicated through mediators on the sidelines of the UN General Assembly in New York, the first such contacts since an interim ceasefire agreement collapsed in [Read more]
US natgas prices hit 11-week high on cooler weather, lower output
US natural gas futures climbed about 2.6% to an 11-week high on Wednesday on forecasts for seasonally cool weather over the next two weeks that should boost heating demand, a drop in daily output and an increase in flows to liquefied natural gas exports so far this month. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 7.6 cents, or 2.6%, to $3.041 per million British thermal units, putting the contract on track for its highest close since July [Read more]
US to fund $7 billion of Argentina mineral, energy projects, document shows
The US Export-Import Bank plans to fund up to $7 billion worth of critical minerals and energy projects in Argentina, according to a document seen by Reuters, as part of a push to deepen economic cooperation between Washington and Buenos Aires. The funding is part of a package to be announced in New York on Wednesday during the United Nations General Assembly, a person familiar with the matter said, as the US seeks more access to Western Hemisphere energy and critical minerals. Under [Read more]
US judge dismisses Michigan climate lawsuit against oil companies
A US judge on Tuesday dismissed an antitrust lawsuit in which Michigan accused four major oil companies of colluding to forestall competition in renewable energy, including electric vehicles, a decision in line with prior rulings in similar cases. US District Judge Jane Beckering in Grand Rapids rejected the lawsuit filed in January by Michigan Attorney General Dana Nessel, a Democrat, against BP, Chevron, Exxon, Shell and the American Petroleum Institute. The judge said antitrust laws [Read more]
Ninepoint shrugs off political rhetoric to launch ETF focusing on energy interdependence of US and Canada
Canadian asset manager Ninepoint Capital is challenging economic nationalism in both the United States and Canada and the growing trade war between them by launching on Tuesday an exchange-traded fund that will emphasize the energy interdependence of the two countries. The Ninepoint North American Energy Independence ETF is the Toronto-based company's first fund to be listed in the United States and is designed to offer cross-border exposure to an investment theme that Ninepoint co-CEO John [Read more]
Ban on US diesel exports would hurt, not help fuel markets, analysts say
US President Donald Trump on Tuesday said he backed the idea of a diesel export ban as a way to lower prices that have hit record highs due to a global supply shortage. But analysts and market watchers warn that such a measure would do little to ease high energy prices, and could worsen supply and economic disruptions around the globe. Trump's comments come as average US diesel prices have jumped to a record $6.5107 a gallon, according to AAA. Diesel is critical to the global economy because [Read more]
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