In a stark warning amid escalating geopolitical tensions, Russian President Vladimir Putin has cautioned that global oil prices could surge beyond $100 per barrel if Russian crude supplies are cut off from international markets. Speaking on the sidelines of recent discussions, Putin emphasized that the absence of Russia’s oil would disrupt the global energy system, […]
Ukraine’s intensified bombing campaign against Russian refineries over the last month is creating a severe fuel crisis in Russia while simultaneously having negative repercussions for the environment. The crippled refining capacity is forcing Russia to import gasoline from distant Asian markets, amplifying CO2 emissions through longer transportation routes. This disruption also reverberates through global fuel […]
Eni, the Italian energy giant, has officially approved a $7.2 billion investment to build a new floating liquefied natural gas (LNG) export plant—Coral Norte—in Mozambique. This landmark decision not only doubles Mozambique’s LNG export capacity but also significantly enhances Eni’s portfolio, with meaningful implications for global supply and investor returns. Project Approval and Strategic Highlights […]
In the rapidly evolving energy landscape of 2025, a critical shortage of gas turbines is raising eyebrows across the industry. These turbines, essential for natural gas-fired power plants, are in short supply due to limited manufacturing capacity and surging demand from sectors like AI-driven data centers. But could this bottleneck inadvertently benefit the planet by […]
Daily Standup Top Stories U.S. Government Shutdown Leaves Energy Markets on Edge – What Investors Should Know October 1, 2025 Clark Savage The U.S. federal government officially entered a shutdown on October 1, 2025, after Congress failed to pass a stopgap funding bill amid partisan divisions between Republicans and Democrats. This marks the first such lapse […]
The Iraq-Turkey oil pipeline, also known as the Kirkuk-Ceyhan pipeline, transports crude oil from Iraq’s northern Kurdistan region to the Mediterranean port of Ceyhan in Turkey. It was originally built in the 1970s and has been a key export route for Kurdish oil. Prior to its shutdown, the pipeline had a capacity of approximately 450,000 […]
In a significant development shaking up the energy and petrochemical sectors, Warren Buffett’s Berkshire Hathaway Inc. is reportedly on the verge of acquiring OxyChem, the petrochemical division of Occidental Petroleum Corp., for approximately $10 billion. This deal, if finalized, would mark Berkshire’s largest acquisition since its $11.6 billion purchase of Alleghany in 2022 and underscores […]
In a move that underscores the Trump administration’s commitment to fiscal responsibility and energy priorities, the U.S. Department of Energy (DOE) has announced the termination of 223 energy projects, canceling approximately $7.56 billion in federal funding. This decision follows a comprehensive review initiated on the first day of the administration, targeting awards deemed inefficient or […]
Data source: U.S. Energy Information Administration, State Energy Data System Data values: Total energy consumption by end-use sector and primary energy consumption by source In 2023, Texas consumed more energy than any other state. Total energy consumption in Texas was twice as much as in California, the second-highest consuming state, and more than three times as much as in Florida, […]
The WSJ writes, automakers are scrambling to unload lingering EVs on dealer lots around the country, now that a $7,500 tax credit that juiced EV sales for years has expired. The EV credit, which expired Sep 30, has lifted battery-powered car sales for years. Without it, Ford Motor Company CEO Jim Farley predicted, EV market […]
