World's Biggest Physical Oil Trader Warns Of Months Of Price Volatility

Reactor Developers Advance Sweden's Nuclear Ambitions While State Puts Up $3.7 Billion Sweden advanced its nuclear revival with two major filings for new capacity and a government proposal to commit up to $3.7 billion in state capital for SMR projects. On May 18th, Blykalla submitted the first application for an advanced reactor park under Sweden’s new siting process. The Norrsundet site would host six 55-MWe SEALER lead-cooled reactors, for 330 MWe total.  CEO Jacob Stedman called it a historic first for Sweden, and linked the technology to meeting AI and electrification demand...

Watch: US Military Unleashes Suicide Drone-Boat Swarm On Iranian Submarine Facility Three U.S. Navy-backed Saronic Corsair one-way attack sea drones struck Iran's Bandar Abbas Naval Base on Sunday, according to U.S. Central Command. The operation marks the clearest sign yet that the U.S. military has taken a page directly from Ukraine's maritime warfare playbook, using expendable, autonomous, suicide stealth drone boats to penetrate a heavily defended naval facility - much cheaper than a million-dollar missile. Yesterday, using multiple one-way attack surface drones, CENTCOM forces successfully struck a submarine and ship maintenance facility...

The Actual Problem With America's Energy Security Is Starting To Reveal Itself... Constellation Energy’s high-profile effort to revive one of the Three Mile Island reactor plants, now renamed the Crane Clean Energy Center, has run into a four-year-tall roadblock: the grid itself. The company had targeted a restart in the second half of 2027 to deliver roughly 835 megawatts of nuclear power to Microsoft data centers under a long-term agreement. Yet PJM Interconnection, the regional grid operator, reports full deliverability could take until 2031. The holdup stems from needed transmission upgrades. The $1 billion...