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HomeFinance

Finance

Crude Oil News

Oil Prices Sink by Pennies As EIA Confirms Surprise Inventory Build

September 4, 2025 Clark Savage

In a market already grappling with supply concerns and shifting global dynamics, oil prices dipped modestly this week following the U.S. Energy Information Administration’s (EIA) latest Weekly Petroleum Status Report. Released on September 4, 2025, […]

Solar on the Energy News Beat created by Grok on X
Bankruptcy

China Tackles Price Wars as Bloated Solar Sector Amasses Huge Losses

September 4, 2025 Clark Savage

In a bold move to rein in the chaos gripping its solar industry, China is cracking down on destructive price wars that have left the sector bloated with overcapacity and drowning in billions of dollars […]

No Picture
Finance

Hafnia swoops for 14.5% Torm stake in $311m deal with Oaktree

September 4, 2025 Mariel Alumit

Singapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $311.4m. The BW Group-backed owner will pay $22 per share […]

Bitcoin

Will China Take Down the Petrodollar?

September 4, 2025 Andy Del Prado

Daily Standup Top Stories China may be About to Unveil a New Global Currency: Dollar Dominance Challenged, Global Trade Reshaped September 3, 2025 Clark Savage In the ever-evolving landscape of global finance, whispers from Beijing suggest […]

A contaniner ship seen near the Hai phong International Container Terminal REUTERS
Biofuel

US Tells Countries to Reject UN Ship Fuel Emissions Deal or Face Tariffs

September 4, 2025 Clark Savage

In a bold move that underscores growing tensions over global environmental regulations, the United States has reportedly urged other nations to oppose a proposed United Nations deal aimed at curbing emissions from marine fuels, threatening […]

ConocoPhillips
Exploration and Production

ConocoPhillips Cutting 20 to 25% of Its Workforce

September 4, 2025 Clark Savage

In a significant move amid ongoing challenges in the oil and gas sector, ConocoPhillips has announced plans to reduce its global workforce by 20 to 25%, affecting thousands of employees. This restructuring comes as the […]

China
Bitcoin

China may be About to Unveil a New Global Currency: Dollar Dominance Challenged, Global Trade Reshaped

September 3, 2025 Clark Savage

In the ever-evolving landscape of global finance, whispers from Beijing suggest that China may be on the cusp of a groundbreaking move: unveiling a new initiative that could position the yuan as a formidable contender […]

Electrical Generation / Utilities

Germany Sees Bigger Role for Gas to Keep the Lights On

September 3, 2025 Clark Savage

In recent years, Germany has been at the forefront of the global energy transition, championing ambitious green policies and aggressively phasing out both coal and nuclear power. However, as the country grapples with energy shortages […]

Saudi Arabia leads in new gas-fired power plants as Mitsubishi Power expands in Middle East
Earnings

Mitsubishi Heavy to Double Turbine Capacity as Demand Soars

September 3, 2025 Clark Savage

In a bold move signaling robust growth in the energy sector, Mitsubishi Heavy Industries Ltd. (MHI) has announced plans to double its gas turbine production capacity over the next two years. This decision comes amid […]

Exports

US Records Highest Ever LNG Exports in August

September 3, 2025 Clark Savage

The United States has achieved a new milestone in its liquefied natural gas (LNG) sector, exporting a record-breaking 9.33 million metric tons (MT) in August 2025. This figure surpasses the previous monthly high of 9.25 […]

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