Virya Radar

Daily Intel दैनिक

Morning edition5 min read

  • Brent crude$104.27/bbl−7.55% 1-day
  • WTI crude$96.71/bbl−4.86% 1-day
  • Henry Hub gas$2.90/MMBtu+13.33% 7-day

European UnionIranOmanIEA, Europe gas

IEA warns global gas squeeze could run well into 2027

The IEA says gas markets may stay tight well into next year. Europe enters winter with its lowest storage in over a decade, and the Hormuz LNG squeeze persists. Its experts see European reserves falling to a record low this winter.

01

Energy markets

United StatesIranBrent, WTI

Oil whipsaws between Iran diplomacy hopes and reported US strikes

Oil fell 7% Monday after the US and Iran signaled room for diplomacy, OilPrice reported. Prices then bounced on reports of US strikes on Iran. Brent sat at $104.27 late Tuesday.

United StatesEuropean UnionAustraliaUnited Arab EmiratesLNG

US LNG exports near record as Europe hunts winter supply

US LNG exports are running near a record high as Europe scrambles for winter cargoes, OilPrice reported. Separately, Shell is selling its North West Shelf LNG stake to Abu Dhabi's XRG for $1.45 billion.

Gas squeeze, from Hormuz to the US Gulf Where today's oil and LNG stories sit.
02

Power and grid

United StatesPJM

PJM refiles data center backstop plan, which could shrink sharply

PJM refiled its reliability backstop procurement, now aiming to start March 1. Jefferies analysts say lower utility load forecasts could cut it to about 630 MW from a 6,800 MW target.

Large-load rules in PJM and NYISO Grid operators reworking how data centers and other large loads connect.

United StatesNYISO, New York

NYISO readies large-load rules for FERC as queue gets sorted

NYISO plans to file its large-load interconnection rules at FERC by Nov. 16. A preliminary sort puts 3.7 GW in Group A and 9.7 GW in Group B. The 0.8 GW in Group C would be withdrawn.

03

Climate tech and deals

IndiaIndia, clean energy finance

Two Point O Capital raises $10 million to add battery storage

Two Point O Capital finances clean energy projects for factories and businesses. It raised $10 million in a round led by Transition VC. The firm plans to expand into battery storage.

04

Culture and conversation

United StatesUS midterms

Americans vote today with House and Senate control at stake

All 435 House seats and 35 Senate seats are on the ballot, plus 36 governor races. More than 57 million people voted early, according to a University of Florida tally cited by CBS News.

United StatesMLB

Brewers celebrate first World Series title in franchise history

Milwaukee beat Tampa Bay four games to one, winning Game 5 by 4-1 on Oct. 28. Catcher William Contreras was named MVP after hitting .381.

Sources

  1. DPA via Yahoo Finance
  2. OilPrice
  3. OilPriceAPI
  4. Utility Dive
  5. Zero-Emission Grid
  6. StartupTalky
  7. CBS News
  8. FOX Sports

Summaries are written by Virya Radar in its own words. Conflict news is covered for its effect on prices and supply. Flags are public domain. Map boundaries: Natural Earth and US Census. Not investment advice.