Exxon Mobil Corporation’s XOM acquisition of Pioneer Natural Resources was given the final approval by the U.S. regulatory body, the Federal Trade Commission (“FTC”), on Jan. 17, 2025. In the same round of consolidation surrounding […]
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, February 2025 Data values: Non-OPEC Petroleum and Other Liquids Production Note: The OPEC and OPEC+ data series reflect those countries participating in the OPEC+ agreement. OPEC members Iran, Libya, and […]
Data source: U.S. Energy Information Administration, Form EIA-923, Power Plant Operations Report We released new data on the U.S. electric power sector’s coal transportation costs. The release incorporates final data for 2023 from Form EIA-923, which we collect from electric power […]
The Trump admin announced an audit of California’s high-speed rail, questioning $100B in additional costs, federal funding, and its future viability. The Trump administration is launching an audit of California’s high-speed rail project, which is […]
Motorists have been warned to expect a £195 ($247) charge if they own an electric vehicle as their current tax exemption is due to end April 1. Owners of a certain type of vehicle have […]
The Trump admin has been dismantling ‘environmental justice’ offices in federal agencies, and climate activists are in a full-blown meltdown. Last week, the Environmental Protection Agency (EPA) announced that it began implementing Trump’s executive order “Ending […]
That question has taken center stage in the German election. By Cameron Abadi, a deputy editor at Foreign Policy, and Adam Tooze, a columnist at Foreign Policy and director of the European Institute at Columbia […]
Data source: China General Administration of Customs, Bloomberg L.P. Slower oil demand growth in 2024 led to less crude oil processed by China’s refineries and fewer crude oil imports compared with the record high set in 2023. […]
Weekly Daily Standup Top Stories The End of Coal Is Nowhere In Sight February 17, 2025 Clark Savage Retirement of coal-fired power plants in the West has done nothing to reverse global coal demand. Global coal […]
Long-term yields matter more to the economy than the Fed’s short-term policy rates; hence the efforts to push them down. By Wolf Richter for WOLF STREET. The 10-year Treasury yield dropped by 8 basis points on Friday, to […]
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