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Home2025May

Month: May 2025

Press

Second officer charged with negligent navigation over last week’s high-profile grounding in Norway

May 26, 2025 Stu Turley

ContainersEuropeOperations Redningsselskapet (Norway’s Rescue Society) Redningsselskapet (Norway’s Rescue Society) A Ukrainian second officer aboard the container vessel NCL Salten has been charged with negligent navigation following a grounding incident early Thursday morning near Trondheim, Norway. […]

OPEC is Looking for Market Share While Playing the Long Game
Crude Oil News

OPEC’s Latest Report: A Strategic Move to Challenge U.S. Shale Oil Companies?

May 25, 2025 Clark Savage

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have released their latest strategy, accelerating oil output hikes in a move that’s raising eyebrows across the U.S. shale patch. […]

Northvolt to Wind Down Battery Making in Sweden: A Blow to Europe’s Energy Transition
Bankruptcy

Northvolt to Wind Down Battery Making in Sweden: A Blow to Europe’s Energy Transition

May 25, 2025 Clark Savage

Northvolt, once Europe’s brightest hope for a homegrown electric vehicle (EV) battery industry, is winding down its battery cell production in Sweden by June 30, 2025, following a high-profile bankruptcy. The decision, announced by bankruptcy […]

Electric Vehicles

The Hybrid Vehicle Market: A Global and U.S. Perspective on Sales and Manufacturers

May 25, 2025 Clark Savage

Hybrid vehicles, blending internal combustion engines with electric motors, are surging in popularity as consumers seek fuel efficiency and lower emissions without the range anxiety of fully electric vehicles (EVs). In the United States and […]

ENB Podcast

Texas Oil and Gas Insights: LNG Exports, Legislative Impact, and the Future of Natural Gas

May 25, 2025 Clark Savage

In this episode of Energy Newsbeat – Conversations in Energy, Stuart Turley discusses key topics with Steve Reese, CEO of Reese Energy Consulting, and Karr Ingham from the Texas Alliance of Energy Producers. They explore […]

Crude Oil News

Permian Basin Oil Field at Risk of Poisonous Water Leaks, Texas Railroad Commission Warns

May 25, 2025 Clark Savage

The Permian Basin, the heart of U.S. oil production, is grappling with a mounting crisis as toxic wastewater from fracking threatens environmental catastrophe and production setbacks. The Texas Railroad Commission (RRC), the state’s oil and […]

Ford
Electric Vehicles

The Golden Age of Autonomy: Tesla’s Revolution and Is Tesla a good buy for investors?

May 25, 2025 Clark Savage

I genuinely believe that Tesla is not just an EV car manufacturer, and for that reason, they will be the most profitable EV manufacturer. Just buying Tesla as an EV stock makes no sense, but […]

Phillips 66
Diesel

Phillips 66 to Lay Off Most Workers at Los Angeles Refinery as California’s Refining Woes Deepen

May 25, 2025 Clark Savage

Phillips 66’s decision to shutter its Los Angeles-area refinery by the end of 2025, with layoffs beginning in December, marks another blow to California’s already strained refining sector. The closure, affecting 600 employees and 300 […]

NuVista
ENB Pub Note

Canada’s Atlantic LNG Dreams Just Got Pricier: Qatar and U.S. Squeeze Market Share

May 25, 2025 Clark Savage

Canada’s aspirations to become a global liquefied natural gas (LNG) powerhouse from its Atlantic coast are hitting a costly roadblock. Rising project expenses and fierce competition from Qatar and the United States are eroding the […]

Treasury yield
Finance

30-Year & 20-Year Treasury Yields Back over 5%, 10-Year over 4.5%, Yield Curve Steepens at Long End, Mortgage Rates Back over 7%

May 24, 2025 Stu Turley

Will the bond market eventually wake up and scare the bejesus out of Congress? Is it already rubbing its eyes? By Wolf Richter for WOLF STREET. The 30-year Treasury yield ended Friday at 5.04%, after kissing 5.15% on […]

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