EU emergency oil stocks down, commercial stocks up. In July 2026 the EU held 103.5 million tonnes of emergency oil stocks, down 2.5 percent from June and 4.2 percent from July 2025, Eurostat said on November 12. Commercial stocks were 52.5 million tonnes, up 5.7 percent on the month and 10.6 percent on the year. Thirteen EU countries were below minimum emergency levels. Germany held the most emergency stocks at 20.0 million tonnes and the most commercial stocks at 11.2 million tonnes.
EIA sees coal share falling as power demand hits records. The EIA’s November Short-Term Energy Outlook, summarised by Utility Dive on November 12, expects US generation to reach almost 4390 billion kWh in 2026, with coal’s share falling from 17 percent in 2025 to 15 percent by 2027 as 13 GW retire, gas holding near 40 percent, and solar rising to nearly 10 percent in 2027. Battery storage additions above 26 GW next year take installed capacity to 91.7 GW by end 2027.
Saronic shiplift contract in Texas. Saronic awarded a contract above 100 million dollars for what gCaptain described as the world’s largest shiplift at a Texas shipyard, a defence shipbuilding capacity item carried here for its freight and yard capacity read. It is single sourced to gCaptain’s report of the award.
Thenamaris returns to LNG newbuilds. The Greek owner Thenamaris returned to LNG carrier newbuilds with an HD Hyundai deal, Splash247 reported on November 13, a small signal that owners are ordering gas tonnage again despite the Hormuz disruption.
Whale shark routing study. Ships could avoid killing endangered whale sharks for about 1 percent more fuel, a study reported this week found. It is carried as one line for its routing cost point only.