The largest U.S. regional electric grid on Tuesday reported nearly 18 gigawatts of power plant outages, leaving a region of 67 million people with a thin buffer of power supplies against frigid weather and a forecast for record-breaking winter demand. The PJM Interconnection reported that most of the generation outages are due to power plants being forced offline amid freezing weather and constricted supplies of natural gas for the region. PJM, which serves 13 Mid-Atlantic and Midwest states and [Read more]
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Germany needs new partners as global order changes, economy minister says
Germany must seek new partners in light of a changing global order, the country's economy minister said on Tuesday, referring to deteriorated relations with the United States that have resulted in painful import tariffs. "The world has become more uncertain, and alliances that we have trusted and relied on are beginning to crumble," Katherina Reiche said at the Handelsblatt energy summit. "That does not mean abandoning them, but rather continuing to work together, however challenging that [Read more]
PetroChina holds off from buying Venezuelan oil marketed under US control, sources say
State-owned PetroChina has told its traders not to buy or trade Venezuelan crude since Washington took control of the OPEC producer's oil exports this month, two trading executives familiar with the situation said. The listed unit of Chinese major CNPC was the largest single offtaker of Venezuelan oil until early 2019, when it halted imports after U.S. President Donald Trump imposed sanctions on Venezuela's oil sales during his first presidential term. PetroChina's decision to refrain from [Read more]
Canada is looking to boost energy trade with India, energy minister says
Canada is looking at boosting energy exports to India in a bid to diversify its customer base and cut dependence on supply to the United States, its Energy Minister Tim Hodgson said on Tuesday. Hodgson told the Indian Energy Week conference that exporting 98% of its energy to the United States was a "strategic blunder", and saw an opportunity to work with India. "The fastest growing demand for energy in the world will be in India," Hodgson said, adding Canada could supply crude oil, [Read more]
World’s ‘middle powers’ de-risking from America: Mike Dolan
Donald Trump's Greenland tariff threat and U-turn last week may have been a watershed for the world's "middle powers." For them, rebooting globalization - with or without Washington - now looks far more realistic than it did during last year's trade shock. This year, the U.S. president has shifted from using tariffs mainly to air long-standing trade grievances to wielding them as tools of territorial and military leverage. And for the first time, that strategy has met firm resistance and [Read more]
US summer gas prices to keep above $3.50/mmBtu, Goldman Sachs says
Goldman Sachs expects U.S. gas prices to be above $3.50 per million British thermal units (mmBtu) in the summer, it said in a note late Monday, to incentivise producers to ramp up production and meet storage targets. U.S. natural gas futures soared by a record 119% over five days to a three-year high on Monday after an Arctic blast over the weekend boosted heating demand. Production slumped to a two-year low after the extreme cold froze oil and gas wells and pipes, while gas flows to liquefied [Read more]
America Inc’s productivity boom may be going global: McGeever
The rumblings of a productivity boom are reverberating through the U.S. economy – and they may be going global. Technological leaps have long been the hallmark of U.S. economic efficiency, flexibility and dynamism – trends that artificial intelligence is expected to accelerate – but there are nascent signs that the benefits of AI may be spreading. Purchasing managers' index (PMI) figures on Friday showed that British business activity has started this year on a strong footing, with robust [Read more]
Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units
Calgary, Alberta--(Newsfile Corp. - January 26, 2026) - Coelacanth Energy Inc. (TSXV: CEI) ("Coelacanth" or the "Company") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to acquire up to an aggregate of 8,634,250 common shares ("Common Shares") of the Corporation (6,298,250 granted to certain of its directors and officers and 2,336,000 granted to certain of its employees) and to the granting of restricted share [Read more]
Cenovus’ 172,000-bpd refinery in Lima, Ohio, suffers storm-related mechanical issues, IIR says
Cenovus Energy's 172,000-barrel-per-day Lima, Ohio, refinery experienced mechanical issues caused by a major winter storm that hit much of the United States over the weekend, industry monitor IIR Energy said on Monday. The refinery experienced mechanical issues brought about by the storm on Sunday, IIR Energy said, adding that efforts to fix the issue were underway. A full restart may be delayed until later this week due to extreme cold, it added. Cenovus Energy did not immediately respond to [Read more]
US energy sector reels after winter storm knocks out 2 million bpd of crude output
U.S. oil producers lost up to 2 million barrels per day or roughly 15% of national production over the weekend, analysts and traders estimated, as a winter storm swept across the country, straining energy infrastructure and power grids. Oil production outages peaked on Saturday, consultancy Energy Aspects estimated, with the Permian Basin likely to have experienced the largest share of that decline at around 1.5 million barrels per day. Production losses eased on Monday, with Permian shut-ins [Read more]
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