U.S. natural gas supply and demand will both rise to record highs in 2026 and 2027, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Wednesday. The EIA projected dry gas production will rise from a record 107.6 billion cubic feet per day in 2025 to 111.7 bcfd in 2026 and 115.9 bcfd in 2027. The agency also projected domestic gas consumption will rise from a record 91.9 bcfd in 2025 to 92.2 bcfd in 2026 and 94.3 bcfd in 2027. The September projections [Read more]
Headlines
US EIA hikes oil price forecasts as Iran war drains global stockpile
The U.S. Energy Information Administration raised its oil price forecasts for this year and next year on Wednesday, as global stockpiles fall rapidly under pressure from the loss of Middle Eastern supply in the ongoing Iran war. Sharply higher oil and fuel prices have been the most visible indicators of the toll on global energy markets from more than six months of the Iran war, in which Tehran has choked oil flows through the Strait of Hormuz and bombed neighboring energy infrastructure in [Read more]
US power use to beat record highs in 2026 and 2027 as AI use surges, EIA says
U.S. power consumption will rise to record highs in 2026 and 2027, driven by AI-hungry data centers and electrification, the U.S. Energy Information Administration said in its Short-Term Energy Outlook (STEO) on Wednesday. The EIA projected power demand will rise from a record 4,195 billion kilowatt-hours (kWh) in 2025 to 4,270 billion kWh in 2026 and 4,349 billion kWh in 2027. Demand is surging in large part due to data centers dedicated to artificial intelligence and cryptocurrency, and [Read more]
Canadian pump prices creep higher as Mideast fighting escalates
CALGARY - Fuel prices tend to ease off around this time of year, but one industry expert says drivers should expect no such relief this time. The high-demand summer driving season winds down after Labour Day and refineries will soon switch to producing cheaper winter fuels. But international crude oil prices have surged above US$100 a barrel as fighting once again escalates in the Strait of Hormuz, a vital shipping route out of the Persian Gulf. Price-tracking website Gasbuddy.com says [Read more]
Building our way to net zero: Canada breaks ground on nation’s largest carbon capture and storage project
CLIVE, AB, Sept. 9, 2026 /CNW/ -- Canada is building the major projects needed to strengthen our energy sector, grow our economy, fight climate change, and reinforce our position as a global clean and conventional energy superpower. As Canada builds its way to net-zero emissions by 2050, investments in clean technologies and emissions-reducing infrastructure are helping drive economic growth while lowering emissions across key sectors. Carbon capture and storage (CCS) is key to [Read more]
Brent crude rises above $100 a barrel as Middle East conflict intensifies
Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic threshold for the first time since July 24 as intensifying conflict in the Middle East heightened concernsabout oil flows from the region. Brent crude futures were up $2.01, or 2.05%, at $99.93 a barrel by 0802 GMT, after earlier touching $100.19, while U.S. West Texas Intermediate crude was up $1.49, or 1.60%, at $94.52 a barrel. Brent crude prices have [Read more]
GLJ Strengthens Strategy & Sustainability Advisory Services to Support Complex Energy Decisions
CALGARY, AB, September 9, 2026: GLJ Ltd. (“GLJ”), global energy consultants, has strengthened its Strategy & Sustainability Advisory offering to help clients identify risk exposure, create value and build long-term resiliency across increasingly complex energy markets. Organized around three interconnected business lines, Strategic Market Development, Premium Product Positioning and Sustainable Asset Performance, the team connects strategy, product and performance considerations with the [Read more]
EY study finds US oil and gas producers reach record production while investing more selectively in future growth
Oil production hit a study-period high while reserve replacement fell below 100% for the first time since 2021. Capital expenditures declined 49% and exploration represented just 3% of total spending in 2025. Natural gas reserves reached a five-year high, supported by higher discoveries, exports and rising electricity demand. HOUSTON, Sept. 9, 2026 /PRNewswire/ -- The US oil and gas industry is increasingly focused on improving the performance of existing assets while maintaining [Read more]
Your Engineering Firm Has the Technical Expertise. Is That Enough?
Why communication and collaboration are becoming critical to project execution. Engineering has always been a technical business. But ask experienced energy leaders what makes the difference between a project that moves smoothly and one that becomes difficult, and the answer is rarely technical expertise alone. More often, it comes down to communication. Did the right people talk early enough? Were emerging issues raised before they became problems? Did disciplines work together or in [Read more]
Oil prices fly blind as the Hormuz enigma deepens: Bousso
How much oil is flowing through the Strait of Hormuz? Traders, energy executives and government officials are all trying to figure it out – but are reaching wildly different conclusions. It is, however, increasingly clear that this mystery has introduced a residual risk premium into crude prices that could remain deeply entrenched for months. Benchmark Brent crude rose above $100 a barrel on Wednesday to its highest level since July 24 after a fresh wave of Iran-backed Houthi attacks on Saudi [Read more]
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