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The U.S. EIA Strategic Petroleum Reserves decreased by 5.536 million barrels in the week ending June 26, compared with a decrease of 9.06 million barrels in the previous week.

2026-07-01

The U.S. EIA Strategic Petroleum Reserves decreased by 5.536 million barrels in the week ending June 26, compared with a decrease of 9.06 million barrels in the previous week.

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2026-07-01

Bank of England Governor Bailey: We will discuss this matter again in July.

Bank of England Governor Bailey: We will discuss this matter again in July.
2026-07-01

The IEA forecasts US investment in coal and gas-fired generation will reach $50 billion this year, about $3 billion more than China. The increase is driven by a surges in gas-turbine orders and sharp price rises as demand outstrips manufacturing capa

The IEA forecasts US investment in coal and gas-fired generation will reach $50 billion this year, about $3 billion more than China. The increase is driven by a surges in gas-turbine orders and sharp price rises as demand outstrips manufacturing capacity. US customers ordered roughly 20 GW of gas turbines in Q1 2026. Modern AI data centers require 1 GW to several GW of power each—about the consumption of a Western city—adding material demand pressure for new thermal capacity.
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