On July 3, 2026, the New York Independent System Operator (NYISO) imported 52 gigawatthours (GWh) of electricity from Canada, the most traded between the two areas since January 2025. Some of the imported electricity flowed along the new Champlain Hudson Power Express (CHPE) transmission line between Quebec, Canada, and New York City, which officially reached commercial operations in May after three years of construction.
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07-20-2026
Crude oil inventories held at storage facilities in Cushing, Oklahoma, fell below 20 million barrels during the week ending June 19 until the week ending July 10, according to our Weekly Petroleum Status Report.
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07-16-2026
Petroleum markets in the second quarter of 2026 (2Q26) were characterized by continued disruptions to international crude oil and petroleum product flows through the Strait of Hormuz, contributing to higher and more volatile crude oil prices through most of the quarter. The disruptions also resulted in international buyers seeking alternative supply sources for petroleum products, driving up U.S. refinery margins, production, and exports.
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07-15-2026
Global liquefied natural gas (LNG) trade volumes increased 5.4% to a record 56.3 billion cubic feet per day last year (Bcf/d), driven largely by U.S. LNG export capacity expanding to meet growing demand, according to a recent report from the International Group of Liquefied Natural Gas Importers (GIIGNL). Global LNG trade has slowed this year following the closure of the key export route for Qatar, the world's second-largest LNG exporter.
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07-14-2026
The United States remained the world's largest crude oil producer in 2025, according to our International Energy Statistics database, extending a streak that began in 2018 when the United States overtook Russia to become the world's leading producer.
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07-09-2026
