Energy

In Clearfield, Utah, PanelClaw’s factories hum with American-made solar racking production – a direct result of Biden’s Inflation Reduction Act (IRA) tax credits. Yet this red-state success story faces extinction as Trump’s “One Big Beautiful Bill” threatens to gut the very incentives fueling the clean energy surge. The Red-State Clean Energy Paradox: The GOP Schism:As […]

Oil prices steadied on Wednesday, recovering from early losses to post moderate gains as markets balanced escalating Middle East tensions against potential supply disruptions. Brent crude rose 0.4% to $76.73/barrel while WTI gained 0.5% to $75.24, building on Tuesday’s 4% surge. Key Market Drivers: Critical Context:Iran’s position as OPEC’s third-largest producer (3.3M bpd) amplifies market […]

Oil prices fell sharply by approximately $1 per barrel on Monday following reports that Iran is pursuing a ceasefire with Israel, easing concerns about potential disruptions to Middle Eastern crude supplies. Brent crude futures settled 1.35% lower at $73.23 a barrel, while U.S. West Texas Intermediate crude dropped 1.66% to $71.77. The decline reversed much […]

OPEC expressed confidence in continued global economic resilience through the second half of 2025 while simultaneously reducing its forecast for oil supply growth from producers outside the expanded OPEC+ alliance in 2026, according to its monthly report released Monday. The Organization of the Petroleum Exporting Countries maintained its projections for global oil demand growth in […]

1. Negotiation FrameworkThe U.S. and Mexico are finalizing a deal to replace Trump’s 50% steel tariffs with a volume-based quota system, according to industry and trade sources. Key terms under discussion: 2. Market Context & Urgency 3. Stakeholder Positions 4. Historical PrecedentThe deal mirrors Trump’s 2018 approach granting Canada/Mexico “surge monitoring” instead of formal quotas—a system scrapped in […]

The United States has suspended licenses allowing nuclear equipment suppliers to export parts to Chinese power plants, four sources familiar with the matter revealed, marking another escalation in the ongoing U.S.-China trade war. According to the sources, the U.S. Department of Commerce halted approvals for components used in nuclear facilities. This move aligns with broader […]

1. OPEC+ Production Wave Redraws Supply MapOPEC+ has unleashed a phased 2.2 million barrel-per-day (bpd) production increase since April 2025, aiming to fully restore pre-2023 cut levels by September 2026. As of early June, Saudi Arabia, Russia, and allies have already added 1.37 million bpd (62% of the target), seeking to reclaim market share and discipline overproducers like Kazakhstan. […]

Russia’s oil and gas revenues plummeted by 35% year-on-year in May, reaching 512.7 billion roubles ($6.55 billion), according to the latest finance ministry data. The decline reflects the dual pressures of weakening global oil prices and Western sanctions, further straining the Kremlin’s budget as it continues funding its military operations in Ukraine. As a key revenue source—contributing 25-50% of Russia’s federal budget over […]

Saudi Arabia, the world’s top oil exporter, has cut July crude prices for Asian buyers to their lowest level in nearly four years, signaling a strategic push to reclaim market share after OPEC+ accelerated production hikes. Key Details: Why It Matters:While OPEC+ frames supply hikes as demand-driven, Saudi Arabia’s aggressive pricing hints at underlying market pressures, including rivalry with non-OPEC+ producers […]

BP and its partners have finalized a $2.9 billion investment to expand production at Azerbaijan’s Shah Deniz gas field, signaling a strategic pivot back to fossil fuels amid Europe’s push to replace Russian energy. The project aims to unlock 50 billion cubic meters (bcm) of additional gas and 25 million barrels of condensate over its lifespan by tapping low-pressure reserves. BP—which operates […]