GE Vernova Raises 2026 Outlook on Surging AI-Driven Power Demand While Advancing Venezuela

GE Vernova Inc. (NYSE: GEV) delivered a strong second-quarter 2026 performance today, beating expectations with robust revenue growth, record orders, and an upward revision to its full-year outlook. The gains are fueled primarily by explosive demand for gas turbines, grid equipment, and power infrastructure tied to the AI boom and data center expansion. In parallel, […]

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Nearly Half of Canadian Manufacturers Are Moving to the US — A Self-Inflicted Wound from Tariffs, Uncertainty, and Costly Green Policies

A recent KPMG survey of 275 Canadian manufacturing firms paints a stark picture: 42% have already shifted some or all production to the United States or are actively planning to do so. Of those, 29% have made the move, while another 13% intend to follow — with 77% of the planners expecting the shift within […]

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LNG Supply Crisis Pushes Buyers Toward Coal, Natural Gas, and Oil: Energy Security Takes Center Stage

The ongoing conflict in the Middle East, including disruptions through the Strait of Hormuz and damage to key Qatari LNG infrastructure, has triggered a sharp global LNG supply crunch. This is forcing buyers in Europe and Asia to pivot aggressively toward coal, oil products (such as fuel oil, naphtha, and propane), and alternative natural gas […]

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Oil up to $94 with Geopolitical Choke Points Under Stress

Global oil markets are navigating heightened volatility as geopolitical tensions, ongoing conflicts, militant attacks, environmental constraints, and regulatory hurdles converge on several of the world’s most critical maritime and pipeline chokepoints. Brent crude prices have shown sharp swings, with peaks well above $90 during periods of acute disruption (including levels around or exceeding $94 in […]

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Fossil Fuels Still Generate 57% of the World’s Electricity — But We Remain Deeply Dependent on Them for Transportation, Manufacturing, and Building the “Renewables” Themselves

Recent data confirms that fossil fuels (coal, natural gas, and oil) still supply 57% of global electricity generation. Wind and solar together reached about 17% of electricity in 2025, according to Ember’s Global Electricity Review. This marks progress from a decade ago, yet it tells only part of the story. Electricity represents a minority slice […]

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Brent Tops $90 as Tanker Hit in Strait of Hormuz Amid Escalating US-Iran Tensions — Is “Higher for Longer” Here to Stay?

Oil markets are back on edge. Brent crude has surged above $90 per barrel for the first time in weeks, driven by a fresh attack on a Kuwaiti tanker in the Strait of Hormuz and renewed fighting between the United States and Iran. Early Tuesday (July 21, 2026), the UK Maritime Trade Operations (UKMTO) reported […]

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Thousands of Tanker Trucks Haul Iraq’s Oil to Secure Revenue: A Forced but Strategic Paradigm Shift

In a dramatic adaptation to regional turmoil, Iraq has mobilized thousands of tanker trucks to haul fuel oil—and soon crude—across the border into Syria, rerouting exports to Mediterranean ports like Baniyas. This overland operation stands as a stark paradigm shift from the traditional reliance on massive sea tankers through the Strait of Hormuz. While sea […]

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