Michael Bloomberg has poured more than $1 billion into campaigns to retire coal plants in the United States and globally. In 2019, his philanthropies committed $500 million to the Beyond Carbon effort. In 2021, he launched a drive to close a quarter of the world’s remaining coal plants and cancel all proposed ones by 2025. […]
The September 2, 2026 sit-down with Tyler Kendall came the same day Chevron announced updated joint-venture agreements with PDVSA. The company will invest more than $7 billion over five years across three existing ventures, add acreage in the Orinoco Belt’s Carabobo area, and target more than 600,000 barrels per day of production—more than triple the […]
This is a Joint Podcast with David Blackmon, and Stu Turley on both podcast platforms. The Jones Act: America’s Self-Inflicted Economic Wound In this episode of the Energy Newsbeat Podcast, hosts Stu Turley and David Blackmon sit down with Colin Grabow, Associate Director of the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies, […]
After coordinated IEA releases during the Iran war and earlier drawdowns that were never fully replaced, SPR crude sits at 286.6 million barrels as of the EIA week ending August 28, 2026 — about 40% of authorized 714-million-barrel capacity and the lowest level since the early 1980s. That level already sits inside the band most […]
November-loading ESPO from Kozmino is trading at more than $7 per barrel over Brent, with some offers to independent refiners reaching $10, according to traders cited by Bloomberg and OilPrice.com. That is a sharp reversal from the deep discounts China extracted for years. ESPO loads on Russia’s Pacific coast and reaches Chinese ports in less […]
The transaction, announced September 2, 2026, is expected to close in the fourth quarter of 2026, subject to customary conditions and a $50 million break fee. It expands Diversified Energy Company (NYSE/LSE: DEC) from a multi-basin PDP consolidator into a scaled, operated Permian producer with integrated midstream and water infrastructure. Deal structureGross purchase price is […]
The global diesel market is no longer just tight. It is rationing by price. This week the ICE gasoil crack — the difference between a barrel of crude and the diesel refined from it — hit a record $79 a barrel. In the United States, the diesel crack is trading well above $100 a barrel […]
The pacts target higher crude output from existing and new acreage under Venezuela’s reformed hydrocarbons law, separate from the larger U.S.-backed North American Blue Energy Partners (NABEP) arrangement announced days earlier by President Trump. Wright described the package as “tens of billions” in investments and a “transformation for Venezuela.” Rodríguez credited Trump administration efforts for […]
New Jersey just made plug-in solar panels legal. No roof required. For renters, condo owners, and anyone whose roof is shaded, leased, or owned by someone else, that is not a slogan. It is a change in the rules.solarpowerworldonline.com On September 1, 2026, Governor Mikie Sherrill signed the Garden State Balcony Solar Act (S2368/A4836, now […]
European attendees openly scorned the presence of Russian Finance Minister Anton Siluanov, who attended at the invitation of the Trump administration—the first in-person Russian participation since the 2022 invasion of Ukraine. German Vice Chancellor and Finance Minister Lars Klingbeil called the signal “quite troubling” and insisted “you cannot simply return to normality.” European officials refused […]
