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voltsdaily

Friday, 18 September 2026

22 briefs so farlast update 20:46 UTC

Key points

  • Orlen Buys 16 Extra Crude Cargoes After Saudi Supply Disruption.
  • Von der Leyen Puts Iran Conflict's Cost to EU Fossil Fuel Imports at EUR 90 Billion.
  • Crude Swings on Saudi Pipeline Shutdown and Hormuz Flow Update.
  • Fuel Price Protests Spread Across Four Countries as Costs Bite.

Oil & Gas

US Diesel Hits Record $6.31 a Gallon, Squeezing Truckers and Lifting Rail Freight

US diesel prices hit an all-time high of about USD 6.31 per gallon on Wednesday, according to CNBC.

The record is squeezing trucking companies and pushing more freight onto railroads, Sourcing Journal reported.

J.B. Hunt expects third-quarter earnings to fall 5% to 10% sequentially on elevated costs, chief financial officer Brad Delco said at Morgan Stanley's annual Laguna Conference late Tuesday, per Sourcing Journal.

Source: wwd.com (opens in a new tab)2 sourcesPermalink

Oil & Gas

Wright says Saudi East-West pipeline outage will last days after drone attack

U.S. Energy Secretary Chris Wright said the shutdown of Saudi Arabia's East-West crude oil pipeline will be a brief, temporary interruption measured in days, according to Hellenic Shipping News citing his CNBC interview with Morgan Brennan in Houston, where energy officials from G20 nations are meeting.

Saudi Arabia closed the line late last week after it sustained damage in drone attacks launched from Iraq, Hellenic Shipping News reported.

The pipeline's owner, Saudi national oil firm Aramco, has not said how long it expects the line to remain offline, according to The Epoch Times.

Source: hellenicshippingnews.com (opens in a new tab)2 sourcesPermalink

AI-generated illustration for: Wright says Saudi East-West pipeline outage will last days after drone attack
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Oil & Gas

Orlen Buys 16 Extra Crude Cargoes After Saudi Supply Disruption

Poland's Orlen said on Wednesday it had purchased 16 additional oil cargoes for its refineries in Poland, Lithuania and the Czech Republic, replacing volumes lost to disruptions in Saudi Arabian supplies expected to last until November, according to Investing.com.

The replacement barrels were contracted from Norway, Great Britain, Algeria, Kazakhstan, Azerbaijan and the Americas, Investing.com reported.

The purchases follow attacks by Iran-aligned militia on Saudi Arabia's oil industry, including one that took the East-West Pipeline offline on September 10, according to Investing.com.

The disruption cuts into a core supply relationship. Reuters reported that state-owned Saudi Aramco has been Orlen's largest oil supplier since 2022, providing around 40% of its volumes.

Source: investing.com (opens in a new tab)2 sourcesPermalink

AI-generated illustration for: Orlen Buys 16 Extra Crude Cargoes After Saudi Supply Disruption
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Oil & Gas

Lloyd's Register Approves HHI Fore-Accommodation LNG Carrier Design With MOL's Wind Challenger Sails

Lloyd's Register has granted Design Appraisal to a fore-accommodation LNG carrier design from HD Hyundai Heavy Industries that integrates Mitsui O.S.K. Lines' Wind Challenger wind-assisted propulsion system, confirming the concept meets LR's Wind-Assisted Propulsion Systems notation requirements.

The project partners describe the vessel as the world's first fore-accommodation LNG carrier equipped with the Wind Challenger hard-sail system, according to statements carried by Ocean News and Hellenic Shipping News.

The design moves the accommodation block and bridge to the bow. That relocation opens a clear mid-to-aft deck area sized to host MOL's Wind Challenger hard sails while preserving operational and navigational requirements, the partners said.

Source: oceannews.com (opens in a new tab)2 sourcesPermalink

AI-generated illustration for: Lloyd's Register Approves HHI Fore-Accommodation LNG Carrier Design With MOL's Wind…
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Oil & Gas

Von der Leyen Puts Iran Conflict's Cost to EU Fossil Fuel Imports at EUR 90 Billion

European Commission President Ursula von der Leyen said the Iran conflict has added EUR 90 billion to the European Union's fossil fuel import bill, according to Crypto Briefing.

Major US and UK financial institutions have warned that crude could reach USD 150 per barrel unless Middle Eastern supply issues are resolved soon, UrduPoint reported.

Oil prices fell on Wednesday as easing US-Iran tensions and expectations of a 25-basis-point Federal Reserve rate increase reduced supply and demand concerns, while disruptions to Saudi crude shipments limited the decline, according to Anadolu Agency. The same report said up to 4% of global oil supply could remain at risk if the pipeline disruption is prolonged.

Source: aa.com.tr (opens in a new tab)3 sourcesPermalink

AI-generated illustration for: Von der Leyen Puts Iran Conflict's Cost to EU Fossil Fuel Imports at EUR 90 Billion
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Markets

Bank of England Expected to Hold Rates as Energy Shock Revives Hike Talk

The Bank of England is expected to keep interest rates on hold, though investors are watching for any hint that surging energy prices could push the central bank toward a hike, following a move by the US Federal Reserve a day earlier.

Most economists polled by Reuters last week expected the Bank Rate to stay at 3.75% for the rest of the year.

The recent jump in energy prices triggered by the Iran war is shifting opinion toward a hike, in line with earlier moves by the European Central Bank and the Fed.

If sustained, the energy price increase would push UK inflation, already at 3.1% in August, further above the Bank of England's 2% target.

Source: malaysia.news.yahoo.com (opens in a new tab)2 sourcesPermalink

Oil & Gas

Crude Swings on Saudi Pipeline Shutdown and Hormuz Flow Update

Crude prices rallied after Saudi Arabia shut its East-West pipeline, disrupting a route that bypasses the Strait of Hormuz and stoking fears of tighter global supplies, according to a Yahoo Finance report.

The rally then reversed. Nasdaq reported that prices retreated on Wednesday after U.S. Energy Secretary Chris Wright said 18 million barrels of crude oil and refined products moved through the Strait of Hormuz on Tuesday, easing global supply concerns.

Wright had earlier framed the baseline for maritime flows through the chokepoint. Per a Crypto Briefing account, he said on September 10 that oil and petroleum products shipped through the strait had averaged just under 11 million barrels per day over the prior seven days.

The pipeline shutdown matters because the East-West line is one of the few conduits that lets Saudi crude reach export terminals without transiting Hormuz, as noted by Yahoo Finance.

Source: finance.yahoo.com (opens in a new tab)3 sourcesPermalink

AI-generated illustration for: Crude Swings on Saudi Pipeline Shutdown and Hormuz Flow Update
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Grid & Storage

Gore Street shareholders reject Saba wind-up push, back all 15 board resolutions

London-listed battery storage vehicle Gore Street Energy Storage Fund defeated two wind-up resolutions filed by activist Saba Capital Management at its annual general meeting, while carrying every one of the 15 resolutions its board had put forward, Kalkine Media reported.

The headline vote, Resolution 16, would have stopped the fund operating as an investment company. It fell 55.97% to 44.03%.

A companion measure, Resolution 17, tied to the first: had Resolution 16 carried, directors would have been forced to bring forward wind-up, liquidation, reorganisation or unitisation plans inside three months. Backing came in at 44.25% against 55.75% opposed.

The board said it had heard the split verdict, singled out the concerns of its largest shareholder, and would keep talking to investors.

Source: kalkinemedia.com (opens in a new tab)1 sourcePermalink

United StatesGrid & Storage

Islip Town Board Votes 5-0 to Ban Large-Scale Battery Storage

The Islip Town Board voted 5-0 to prohibit new battery storage facilities with capacity above 600 kilowatts per hour, according to ABC7.

The measure blocks a proposed battery energy storage facility in Hauppauge that had drawn years of community debate, ABC7 reported.

Islip spokesperson Caroline Smith told Newsday the prohibition carries no expiration date and will remain in place indefinitely.

Source: newsday.com (opens in a new tab)2 sourcesPermalink

AI-generated illustration for: Islip Town Board Votes 5-0 to Ban Large-Scale Battery Storage
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Generation

Blue Energy Files First NRC Construction Application for Gas-to-Nuclear Plant at Port of Victoria

Blue Energy Global has filed the first portion of a construction permit application with the US Nuclear Regulatory Commission (NRC) for a hybrid gas-to-nuclear facility at the Port of Victoria, Texas, intended to power a Crusoe data center campus built for AI workloads, according to Crypto Briefing.

The filing covers the first nuclear unit planned for the site and asks the NRC to authorize limited early construction, including deep foundation and shaft work to house the first small modular reactor, World Nuclear News reported.

Blue Energy also asked the regulator to approve what it described as a faster route to nuclear: constructing the natural gas portion and balance-of-plant of the gas-to-nuclear plant first, with that balance-of-plant then reused by the nuclear reactors, according to World Nuclear News.

The submission included a 300-page environmental report, which concluded that the natural gas portion presents no significant impacts to endangered species, tribal lands, or other environmental or historical concerns, per World Nuclear News.

Source: cryptobriefing.com (opens in a new tab)2 sourcesPermalink

AI-generated illustration for: Blue Energy Files First NRC Construction Application for Gas-to-Nuclear Plant at Port of…
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Policy & Geopolitics

US Pushes Energy Dominance at G20 Houston Meeting, Sidesteps Iran War

The United States used the G20 energy ministers' meeting in Houston to promote its energy dominance while brushing past the consequences of Washington's war in Iran and environmental concerns, according to Al-Monitor.

The gathering brought together ministers from the largest economies, including China, India, Japan and Germany, alongside major oil producers such as Saudi Arabia, Qatar and Canada. Statements on the war in the Middle East were rare, Al-Monitor reported.

US officials repeatedly pushed the meeting's slogan, "Unleash the full potential of American energy," from the moment the gathering opened in Texas, according to Al-Monitor. Trump administration officials presented domestic production as the answer, the outlet reported.

Source: al-monitor.com (opens in a new tab)5 sourcesPermalink

AI-generated illustration for: US Pushes Energy Dominance at G20 Houston Meeting, Sidesteps Iran War
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Oil & Gas

Valeura Energy Reports Suraphi Oil Discovery Near Manora Field in Gulf of Thailand

Valeura Energy has discovered a new oil accumulation near its Manora field in the Gulf of Thailand, according to reporting on the announcement.

The find, named Suraphi, was made through the Manora-9 exploration well and associated sidetracks, located about 4.5 km northeast of the Manora A platform on Block G1/48, where Valeura holds a 70% operated working interest.

At Suraphi, the D prospect encountered 172 ft of net oil pay and the E prospect encountered 162 ft, per the disclosed well results.

Valeura said it is moving immediately into a development planning phase to maximise the value of the discovery and to provide scope for future development in the vicinity.

Source: energy-pedia.com (opens in a new tab)3 sourcesPermalink

Oil & Gas

NLNG Urges Global Gas Industry to Treat Methane Cuts as Business Priority

Nigeria Liquefied Natural Gas Limited (NLNG) has called on the global gas industry to treat methane reduction as a business priority, arguing that every tonne vented represents lost revenue and gas that could have reached the market.

The company said its own operating experience shows that spending to curb methane losses can pay for itself while lowering emissions and lifting plant efficiency.

NLNG pointed to two internal projects, a boil-off gas compressor and a start-up gas recovery scheme, each designed to cut methane by roughly 10-15%. Both carry positive projected net present values, meaning expected financial benefits exceed costs over the life of the projects.

Source: guardian.ng (opens in a new tab)2 sourcesPermalink

AI-generated illustration for: NLNG Urges Global Gas Industry to Treat Methane Cuts as Business Priority
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Grid & Storage

Hitachi Energy to Build $528 Million Transformer Plant in Gallman, Mississippi

Hitachi Energy has announced plans to construct a $528 million transformer manufacturing facility in Gallman, Mississippi, according to a Yahoo Finance report citing the company.

The subsidiary of Hitachi expects the project to create more than 700 jobs, according to Investment Monitor citing the company.

At more than twice the size of Hitachi Energy's current Mississippi plant, the new facility will more than double capacity, according to TED Magazine.

Construction is expected to begin late this year, with transformer production at the Gallman site scheduled to start in 2029, TED Magazine reported.

Source: tedmag.com (opens in a new tab)3 sourcesPermalink

Oil & Gas

Fuel Price Protests Spread Across Four Countries as Costs Bite

Higher fuel costs have triggered protests, road blockades and shortages in Syria, Guatemala, Indonesia and Portugal, according to Sunday Guardian reporting via Event Registry.

In Syria, demonstrations continued across several provinces after the government raised diesel prices by 40%, The Arabian Post reported.

The Arabian Post also reported that French fishermen blocked the Frontignan fuel depot near Sète, a day after a similar action at Fos-sur-Mer near Marseille, demanding relief from fuel costs and deteriorating operating conditions.

Source: thearabianpost.com (opens in a new tab)2 sourcesPermalink

Oil & Gas

Continental Resources Signs MOU with Venezuela's State Oil Company

Continental Resources has reached a deal for an oil field in Venezuela, according to Bloomberg, with billionaire shale pioneer Harold Hamm's company entering the country as the Trump administration pushes US firms to revive Venezuela's oil sector.

Continental signed a memorandum of understanding with Venezuela's state oil company and plans to put a long-term agreement in place within weeks, Bloomberg reported.

Source: bloomberg.com (opens in a new tab)2 sourcesPermalink

Oil & Gas

TotalEnergies fuel price cap in France draws unfair-competition complaint

TotalEnergies is capping pump prices in France at EUR 1.99 per litre for E10 gasoline and EUR 2.25 per litre for diesel, according to Euronews, well below a national average of around EUR 2.15 per litre and prices approaching EUR 2.50 per litre in some areas, including Paris.

Euronews reported the cap was announced after oil prices rose this spring during the US-Iran war. It has been applied intermittently over the past five months and has cost TotalEnergies between EUR 250 million and EUR 300 million, according to the same report.

Rival operators accuse TotalEnergies of distorting competition by selling discounted gasoline with government encouragement, Euronews reported. The FF3C group, which represents independent petrol stations, lodged an unfair-competition complaint in mid-July with France's competition regulator.

Source: euronews.com (opens in a new tab)1 sourcePermalink

Oil & Gas

Caturus Plans 7.75 Mtpa Expansion at Commonwealth LNG in Louisiana

Caturus LLC has announced a five-train, 7.75 million tonnes per annum expansion of its Commonwealth LNG export facility in Cameron Parish, Louisiana, according to Hellenic Shipping News.

The additional trains would lift planned capacity at the site to approximately 17.25 Mtpa, nearly doubling what is currently envisaged, the outlet reported.

Caturus is targeting the expansion to enter service in the early 2030s, after the base project begins operating. Construction on that base project is progressing on schedule, with operations targeted for 2030.

Source: hellenicshippingnews.com (opens in a new tab)2 sourcesPermalink

AI-generated illustration for: Caturus Plans 7.75 Mtpa Expansion at Commonwealth LNG in Louisiana
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Oil & Gas

GNPC flags over 1 billion barrels of oil, 2.5 trillion cubic feet of gas in Ghana's Tano Basin

Ghana's national oil company GNPC has identified more than 1 billion barrels of oil and about 2.5 trillion cubic feet of gas in the Tano Basin that could potentially be added to national production, according to reporting by Ghanaweb, Myjoyonline, Adomonline and Yen.com.gh.

The figures come from an analysis GNPC conducted covering only the Tano Basin, with the company framing the volumes as potential additions rather than proven output.

GNPC said extracting these stranded resources through a hub development model, rather than developing each accumulation independently, would lower capital expenditure on infrastructure and strengthen the case for bringing the barrels and gas to market.

According to Myjoyonline, the corporation stressed that the identified resources would still require the necessary investment and development arrangements before they could feed into Ghana's petroleum output.

Source: yen.com.gh (opens in a new tab)4 sourcesPermalink

AI-generated illustration for: GNPC flags over 1 billion barrels of oil, 2.5 trillion cubic feet of gas in Ghana's Tano Basin
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AI & Energy

Emerald AI, Google and NVIDIA launch AI Energy Management Alliance

Emerald AI, Google and NVIDIA have launched the AI Energy Management Alliance (AEMA), a coalition aimed at making artificial intelligence data centers more responsive to electricity grid conditions.

According to the founding members' joint announcement, the alliance will advance flexible AI data centers that dynamically adjust their power draw to relieve the grid during periods of peak stress.

The three founders are joined by 18 launch partners drawn from the AI, semiconductor, utility and power sectors, including Anthropic, Analog Devices, National Grid, AES, RWE, Constellation and NRG.

AEMA said it will push for accelerated interconnections across the United States for grid-enhancing data centers, backed by demand-management approaches spanning colocated generation, storage and computational flexibility to make better use of existing power system capacity.

Source: marketscreener.com (opens in a new tab)2 sourcesPermalink

AI-generated illustration for: Emerald AI, Google and NVIDIA launch AI Energy Management Alliance
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Renewables

All On Puts USD 5 Million Into PowerGen for Nigeria Mini-Grids

All On has invested USD 5 million in PowerGen Renewable Energy Nigeria Limited to help close Nigeria's electricity access gap, according to New Telegraph.

The capital was deployed as a mezzanine investment and will back the development of isolated and interconnected mini-grid projects serving households as well as commercial and industrial customers across Nigeria, New Telegraph reported.

Source: newtelegraphng.com (opens in a new tab)2 sourcesPermalink

Grid & Storage

Lightshift Expands FlexGen Software Deal to 16-Project Battery Portfolio

Lightshift Energy has widened its software agreement with FlexGen Power Systems to cover a 16-project battery storage portfolio spanning the PJM and ISO-NE markets, according to ESS News.

The expanded deal extends FlexGen's HybridOS energy management system across the fleet, with Lightshift developing, owning and operating the battery facilities while FlexGen supplies the software layer, ESS News reported.

The two companies have previously completed six projects together, totaling more than 25 MW of power capacity and 85 MWh of energy storage, per ESS News. A further ten installations are in the pipeline, adding more than 55 MW and 200 MWh across PJM and ISO-NE.

Source: ess-news.com (opens in a new tab)1 sourcePermalink