Oil, gas, mining, renewables and commodities: news and analysis on the companies and markets powering the economy.
As Americans celebrate Independence Day, there’s newfound optimism in the air regarding energy policy and consumer freedom. The year 2025 has marked a significant shift away from restrictive green initiatives, bringing welcome relief to households across the nation. The most immediate impact can be seen at gas stations, where
Recent U.S. intelligence reports have uncovered that Iran was preparing to deploy naval mines in the Strait of Hormuz following military strikes on its nuclear facilities. This development came in the wake of Operation Midnight Hammer, launched on June 22, when U.S. stealth bombers targeted Iran’s nuclear
Turkish citizens continue to maintain substantial gold holdings worth approximately $331 billion, despite government efforts to discourage private gold ownership and the availability of alternative foreign currencies. This significant accumulation of physical gold, amounting to 4,500 tons, reflects a deep-rooted financial strategy among Turkish households. The practice, commonly
Late Tuesday, New York’s electrical grid returned to normal operations following an earlier emergency alert, as record-breaking June temperatures pushed power systems to their limits across the eastern United States. The crisis peaked when temperatures in Central Park approached 99°F, just shy of the June record of
In a dramatic escalation of tensions, US B-2 bombers conducted a nighttime raid on Iran’s Fordow nuclear facility on June 22, 2025, launching Massive Ordnance Penetrators (MOPs) in what the US president called a “spectacular” victory. However, Iranian officials quickly disputed American claims about the extent of damage
British manufacturers are set to benefit from a major government initiative aimed at reducing industrial energy costs, with plans to cut electricity standing charges by up to 90 percent for energy-intensive sectors. The move comes as UK industries face the highest energy prices among G7 nations, having incurred an
Global oil markets faced fresh uncertainty as two major supertankers unexpectedly changed their courses in the Strait of Hormuz following U.S. military strikes on Iranian nuclear installations. The vessels Coswisdom Lake and South Loyalty, each with a capacity of 2 million barrels of crude oil, performed dramatic course alterations
Israeli energy technology firm achieves breakthrough with multinational defense partner
In the autumn of 1862, during the second year of the American Civil War, a significant uprising occurred in Pennsylvania’s anthracite coal region when Irish miners violently opposed the state’s initial draft efforts. The rebellion began in western Schuylkill County, where hundreds of armed workers moved from mine
The International Energy Agency (IEA) has reaffirmed its projection that global oil demand will reach its peak and stabilize by 2030, with significant shifts expected in consumption patterns, particularly in China. The agency’s latest Oil 2025 report indicates that Chinese oil demand, which has been a primary driver of
The precious metals market is experiencing a significant shift as silver emerges from gold’s shadow, with expert Peter Schiff suggesting the long-awaited silver bull market has finally arrived. After gold’s remarkable recent performance, silver is now poised to potentially outperform its more prestigious counterpart, following its historical
The European Commission is preparing to propose a significant shift in its energy policy this week, aiming to terminate all Russian natural gas imports by the close of 2027. The proposal includes a ban on new gas supply contracts with Russia, utilizing trade law mechanisms to bypass potential vetoes from
