In an escalation of its defense strategy, Ukraine has intensified drone strikes on Russia’s energy infrastructure, targeting oil refineries, pipelines, and storage facilities that fund Moscow’s war machine. These attacks, which have disrupted Russian oil production and exports, come amid rising global oil prices as markets react to potential supply shortages. Brent crude futures climbed […]
NEW YORK, Aug 22 (Reuters) – Crescent Energy (CRGY.N), opens new tab is in advanced talks to acquire smaller peer Vital Energy (VTLE.N), opens new tab, people familiar with the matter said on Friday, in a deal that would give the energy producer an extensive position in the Permian Basin. Terms of the combination could not be learned, […]
In a bold move echoing his first-term trade policies, President Donald Trump has imposed tariffs and sanctions on India, targeting its massive imports of Russian crude oil. These measures, including a 25% tariff on certain Indian imports tied to Russian energy purchases, aim to curb India’s role in circumventing Western sanctions on Russia amid the […]
In the second quarter of 2025, the Electric Reliability Council of Texas (ERCOT) witnessed an unprecedented surge in project cancellations, marking a pivotal moment for the state’s energy landscape. With approximately 16 gigawatts (GW) of power generation projects scrapped—predominantly renewable energy initiatives—this record-breaking wave has raised alarms about Texas’s ability to meet soaring electricity demands […]
In a significant blow to the offshore wind industry, the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has issued a stop-work order for Ørsted’s Revolution Wind project off the coast of Rhode Island. The directive, announced on August 22, 2025, halts all offshore construction activities on the nearly completed wind farm, […]
Federal Reserve Chair Jerome Powell’s annual address at the Jackson Hole Economic Symposium is always a pivotal moment for global markets, and his 2025 speech, delivered on August 22, was no exception. Titled “Monetary Policy and the Fed’s Framework Review,” Powell signaled a potential shift toward easing monetary policy amid cooling inflation and a softening […]
In a significant move amid ongoing geopolitical tensions and U.S. sanctions, private Chinese company China Concord Resources Corp (CCRC), operating under the name Concord Resources, has committed to a $1 billion investment in Venezuela’s oil sector. This initiative aims to revitalize two underutilized oil fields, potentially boosting Venezuela’s crude production at a time when the […]
Cosco Orient Overseas (International) Ltd (OOIL), the listed entity of Hong Kong container line OOCL, has conceded that October’s likely introduction of extra port fees for Chinese-linked tonnage could be painful. OOCL, owned by China’s COSCO, posted its interims yesterday in which it noted in a release that the potential extra port charges levied by […]
Weekly Daily Standup Top Stories Solar Shares Rise as Trump Hit to Credits Softer Than Feared August 17, 2025 Clark Savage In a surprising turn for the renewable energy sector, solar stocks have surged following the Trump administration’s latest guidance on tax credits for wind and solar projects. Released on August 15, 2025, the new rules […] […]
The U.S. rig count continues its downward trend, reflecting a cautious approach by drillers amid fluctuating oil prices, economic uncertainties, and a focus on capital discipline rather than aggressive expansion. According to the latest data from Baker Hughes, the total number of active drilling rigs in the United States dropped by one to 538 for […]
