Oil, gas, mining, renewables and commodities: news and analysis on the companies and markets powering the economy.
A recent Israeli military strike targeting Iran’s nuclear facilities and energy infrastructure has created ripples across global energy markets, with potentially severe implications for European energy security. The attack, which occurred on June 14th, specifically impacted the South Pars gas field in the Persian Gulf, considered the world’s
The Environmental Protection Agency announced Wednesday a significant policy shift, proposing to eliminate existing greenhouse gas emissions restrictions for power plants and roll back mercury and air toxics standards for coal- and oil-powered facilities. The agency claims these changes would result in substantial cost savings, projecting $19 billion in
Iranian Defense Minister Aziz Nasirzadeh issued a stern warning on Wednesday, stating that Iran stands ready to target American military installations across the region should diplomatic efforts fail and the United States pursue military action against the Islamic Republic. During a press conference, Nasirzadeh emphasized Iran’s military preparedness, revealing
Recent legislation passed by the House of Representatives has sent shockwaves through the alternative energy sector, particularly affecting solar and wind power companies that have long benefited from government support. The bill, which advances many of former President Trump’s policy priorities, has sparked intense debate about the role of
In a Fox News interview on Tuesday, President Donald Trump expressed growing frustration with Iran’s increasingly assertive stance during nuclear negotiations. Trump noted a marked shift in Iran’s negotiating position, describing it as “much more aggressive” compared to recent days. The comments came after Trump’s Monday press
In a landmark investment deal announced today, Amazon Web Services (AWS) has unveiled plans to invest $20 billion in Pennsylvania for the construction of two new data center campuses, marking the largest private sector investment in the state’s history. The ambitious expansion, set to unfold over the next decade,
As America braces for another summer of above-average temperatures, concerns about power grid stability are mounting nationwide. Recent forecasts from both government and private weather experts suggest widespread heat, raising alarm bells about potential widespread power disruptions across the country. The North American Electric Reliability Corporation (NERC) recently identified
The Trump administration has submitted a new nuclear proposal to Iran that would permit limited uranium enrichment within Iranian territory for a specified timeframe, according to sources familiar with the matter. This development marks a significant shift from previous public positions taken by key administration officials, including Mideast envoy Steve
In a significant defense policy announcement, former President Donald Trump has revealed plans for an ambitious missile defense system dubbed the “Golden Dome,” representing a $175 billion investment in homeland security. The initiative, unveiled alongside Defense Secretary Pete Hegseth, aims to create a comprehensive shield capable of intercepting various missile
Iranian officials have issued a stern warning that they will hold the United States accountable for any potential Israeli strikes against Iran’s nuclear facilities, amid reports of Israel preparing for possible preemptive attacks. The development comes as Washington and Tehran prepare for their fifth round of nuclear negotiations, scheduled
The federal government has ended a temporary suspension of work on Empire Wind, a major offshore wind project near New York’s coast, as part of a deal that will revive plans for natural gas infrastructure in the region. The $5 billion wind farm, being developed by Norwegian energy company
Investment banking giant Goldman Sachs has updated its global oil demand predictions while maintaining existing price forecasts for major crude benchmarks, despite current market prices trading above projected levels. The firm’s latest analysis shows an increased expectation for oil demand growth, projecting a rise of 600,000 barrels per
