US president Donald Trump has signed an executive order to eliminate subsidies for green energy sources, more precisely wind and solar power, as he makes another step on his warpath against renewable energy. The order […]
In a historic step toward securing America’s energy and technological future, U.S. Energy Secretary Chris Wright will break ground on July 11, 2025, at Ramaco Resources’ Brook Mine Carbon Ore Rare Earth project in Ranchester, […]
There was an extra-special spectacle in Q1 among the Swiss franc, Australian dollar, British pound, and Japanese yen. By Wolf Richter for WOLF STREET. The dollar’s status as dominant foreign exchange-reserve currency has been diminishing for years as […]
Saudi Aramco, the world’s largest oil exporter, is making waves in the liquefied natural gas (LNG) market with advanced negotiations to secure 2 million tonnes per annum (Mtpa) of LNG from Commonwealth LNG’s terminal in […]
Copper prices have gone stratospheric, with U.S. Comex futures spiking as much as 17% in a single day—the largest intraday gain in over three decades—following President Donald Trump’s announcement of a 50% tariff on copper […]
The global oil market is showing signs of robust demand, according to United Arab Emirates Energy Minister Suhail al-Mazrouei, who recently stated that the market is “thirsty” for additional OPEC+ barrels. Speaking at a biennial […]
The Department of Energy report is an eye-opening document, and I am glad that they are addressing this issue now, rather than waiting until 2030. The United States has experienced minimal electricity demand growth, and […]
Daily Standup Top Stories Shell and TotalEnergies Boosting Oil and Gas Output in Nigeria: A Global Trend with Financial Implications July 8, 2025 Clark Savage The global energy landscape is witnessing a resurgence in oil and […]
Listings YoY: Orange County +66%, San Diego +55%, Fresno +48%, Sacramento +47%, Los Angeles +45%, Riverside-San Bernadino +43%, San Jose & Silicon Valley +39%; San Francisco metro +30%. By Wolf Richter for WOLF STREET. Los Angeles County: Active […]
United Arab Emirates-based jackup rig pure-play Shelf Drilling has won an extension for one of its rigs. Italian energy giant Eni awarded a one-year extension to the 1980-built Key Manhattan. Work under the extension will […]
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