Energy

Despite President Donald Trump’s recent executive order aimed at expanding oil and gas development in Alaska and the Arctic, U.S. oil companies are showing reluctance to dive into new projects. Industry officials cite concerns over future policy reversals and a focus on shareholder returns as key reasons for their cautious stance. Key Highlights:Executive Order Overview: […]

Venture Global LNG has significantly reduced its valuation for its upcoming initial public offering (IPO) after investors expressed skepticism regarding the company’s long-term profitability in liquefying gas for export. This adjustment reflects broader concerns about the viability of the LNG market and the company’s projected earnings. Key Highlights:Valuation Reduction: The Arlington, Virginia-based firm lowered its […]

President Donald Trump’s decision to withdraw the United States from international climate cooperation has created a rare point of contention with the oil and gas industry, despite their overall support for his domestic energy policies. While producers welcome efforts to boost U.S. energy development, they express concerns about the implications of this withdrawal on global […]

On Monday, President Donald Trump unveiled an extensive plan aimed at maximizing oil and gas production in the U.S., which includes declaring a national energy emergency, rolling back environmental protections, and withdrawing from the Paris climate agreement. Key Highlights:Policy Shift: Trump’s actions mark a significant reversal from former President Joe Biden’s efforts to transition away […]

Shares in European wind power companies plummeted on Tuesday following U.S. President Donald Trump’s suspension of offshore wind leasing on his first day in office. This decision adds to the challenges faced by an industry that had looked to the U.S. for revival amidst ongoing struggles. Key Highlights:Industry Struggles: The global offshore wind sector has […]

On Monday, President Donald Trump signed an executive order reversing former President Joe Biden’s restrictions on oil drilling in the Arctic and extensive areas off the U.S. coasts. This move reflects a significant policy shift in U.S. energy strategy. Key Highlights:Reversal of Biden’s Ban: Biden had recently banned new offshore oil and gas development along […]

President Donald Trump announced a comprehensive plan aimed at maximizing U.S. oil and gas production, which includes declaring a national energy emergency, reducing regulations, and withdrawing the U.S. from the Paris Agreement on climate change. This marks a significant shift in energy policy, reversing the previous administration’s focus on transitioning away from fossil fuels. Key […]

The United States has included six Russian oil tankers still under construction at the Zvezda shipyard in its latest round of sanctions, marking a significant escalation in efforts to undermine Russia’s oil export capabilities. This is the first known instance of Washington imposing sanctions on vessels before they have even set sail. Key Highlights:Sanction Details: […]

In a notable shift, China’s oil refinery throughput in 2024 experienced its first decline in over two decades, excluding the pandemic-impacted year of 2022. This downturn is attributed to stagnant fuel demand and depressed refining margins, as reported by the National Bureau of Statistics on Friday. Key Highlights:Throughput Statistics: The refining industry processed 1.6% less […]

Spot premiums for Middle Eastern crude have surged to their highest levels in over two years, driven by robust demand from major importers China and India seeking to replace supplies impacted by recent sanctions on Russia and Iran. Key Highlights:Sanctions Impact: The Biden administration announced extensive sanctions targeting Russian oil producers and tankers, disrupting supply […]