Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), August 2025 Data values: U.S. Natural Gas Supply, Consumption, and Inventories We forecast natural gas consumption in the United States will increase 1% to set a record of 91.4 billion cubic […]
Motorists in the Midwest are feeling the pinch at the pump as gasoline prices have surged by an average of 27 cents per gallon in recent days, largely due to an unexpected outage at BP’s […]
In the heart of America’s energy landscape, the Permian Basin continues to drive record levels of natural gas production, often as a byproduct of oil extraction. However, with growing demand for natural gas in Texas—fueled […]
In an escalation of its defense strategy, Ukraine has intensified drone strikes on Russia’s energy infrastructure, targeting oil refineries, pipelines, and storage facilities that fund Moscow’s war machine. These attacks, which have disrupted Russian oil […]
In a bold move echoing his first-term trade policies, President Donald Trump has imposed tariffs and sanctions on India, targeting its massive imports of Russian crude oil. These measures, including a 25% tariff on certain […]
In the second quarter of 2025, the Electric Reliability Council of Texas (ERCOT) witnessed an unprecedented surge in project cancellations, marking a pivotal moment for the state’s energy landscape. With approximately 16 gigawatts (GW) of […]
In a significant blow to the offshore wind industry, the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has issued a stop-work order for Ørsted’s Revolution Wind project off the coast of […]
Federal Reserve Chair Jerome Powell’s annual address at the Jackson Hole Economic Symposium is always a pivotal moment for global markets, and his 2025 speech, delivered on August 22, was no exception. Titled “Monetary Policy […]
In a significant move amid ongoing geopolitical tensions and U.S. sanctions, private Chinese company China Concord Resources Corp (CCRC), operating under the name Concord Resources, has committed to a $1 billion investment in Venezuela’s oil […]
Cosco Orient Overseas (International) Ltd (OOIL), the listed entity of Hong Kong container line OOCL, has conceded that October’s likely introduction of extra port fees for Chinese-linked tonnage could be painful. OOCL, owned by China’s […]
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