Venezuela is supposed to be the amazing future of big oil. After all, about one-fifth of the world's proven oil reserves sit in and under land and water it controls. These are vast new fields for Exxon Mobil Corp. ( NYSE: XOM) and Chevron Corp. ( NYSE: CVX). Not so fast. As the United States seized Venezuelan dictator Nicolás Maduro, word went out that President Trump will gather oil executives at the White House.
Russian forces launched one of their largest drone assaults in weeks overnight, striking multiple regions across Ukraine and inflicting more damage to the country's energy network. The Ukrainian Air Force reported that Russia deployed 116 attack drones early on December 24, nearly 90 of which were Iranian-made Shahed models. Ukrainian air defenses destroyed 60 drones, while 48 managed to hit targets in 19 locations, the military said.
So, this is just putting transmission lines over this property, McDowell began. I think that the United States would gladly saw off Maryland and kick it into the Atlantic Ocean if you don't like itThey're trying to blame AI, it's not AI, it's something else. It's called growth and development of business. She continued, If there is a need for electricity generation and a conduit like power lines to bring electricity to a densely populated area of business and growth like northern Virginia, then it is not about AI, it is about economic growth for the United States, number one. Number two, it is a tree farm, not growing food. The alternative would be, some liberals put some giant solar panels on that land, and you won't be growing any Christmas trees either.
Ministers have been warned that Britain could face a looming gas supply crisis by the end of the decade and should draw up plans to guard against the emerging risk. The government's energy advisers urged ministers to address an emerging risk to gas supply security that could mean homes and businesses going without gas during a prolonged period of cold weather.
Nearly 59,000 Iranians die prematurely due to air pollution in year to March, according to officials. Tehran, Iran Iranians in the capital and many other cities across the country are breathing in toxic fumes as authorities resort to burning dirty fuel to produce electricity and cope with multiple ongoing crises. At 14 power plants, authorities for years have burned mazut, a dark residue of petroleum high in sulphur and other impurities, whenever they run out of natural gas to feed the electricity generators.
Ukrainian strikes have "annihilated" a major power plant in Moscow with multiple explosions and machine gun fire was heard at the Shatura Thermal Power Plant in Moscow Oblast. Unverified footage shows multiple explosions ringing out with several fireballs lighting up the night sky. Moscow region governor, Andrei Vorobyov, said, "Some of the drones were destroyed by air defense forces. Several fell on the territory of the station," he added a fire broke out but this is now "localised".
The Ukrainian army says it has struck a Russian oil refinery near the capital Moscow, a day after Russia launched massive, deadly attacks on Kyiv. The Ukrainian army said on social media on Saturday that it hit a refinery in the Ryazan region as part of efforts to reduce the enemy's ability to launch missile and bomb strikes.
Soaring electric and utility bills nationwide are the new political bellwether for consumers heading into a pivotal 2026 midterm election cycle for the first time in recent history, replacing the typical hot-button items of fuel prices and grocery costs-most notably for eggs last year. While costly grid and severe weather upgrades have accounted for much of the price hikes of late, utility bills are projected to continue spiking for years to come because of the AI-driven data center boom and surging natural gas exports driving demand for new power generation and more fossil fuels.
Midstream energy stocks are the companies involved in the processing, transportation, and storage of crude oil, natural gas, and natural gas liquids. These companies operate in the "midstream" sector, which falls between the upstream (exploration and production) and downstream (refining and marketing) sectors of the energy industry. They are far less susceptible to spot benchmark pricing moves, as most sector leaders have locked in contracts for their services, some of which run for years.
This week, JPMorgan analysts suggested that a retreat from today's elevated stock prices might actually be beneficial, helping to cool an overheated market and create conditions for steadier, longer-term expansion. Their view emerges as key benchmarks such as the S&P 500 trade at lofty valuations following months of consistent gains. We screened the equity research database, looking for companies that are highly stable, pay reliable dividends, and operate in sectors that tend to perform well during market corrections, such as healthcare, utilities, and consumer staples.