Oil, gas, mining, renewables and commodities: news and analysis on the companies and markets powering the economy.
Commercial vessels passing through the strategically vital Strait of Hormuz have reported significant GPS interference affecting their navigation systems, according to a Sunday announcement from UK Maritime Trade Operations (UKMTO). The disruptions, which lasted several hours, forced ships to resort to alternative navigation methods in one of the world’s
Three decades ago, a prescient warning about the dangers of globalization came from an unlikely source – billionaire financier Sir James Goldsmith. In a notable 1994 interview with Charlie Rose, Goldsmith accurately predicted the devastating impact that global trade agreements would have on Western nations’ industrial foundations and their working and
In a significant development for the US energy sector, Diamondback Energy, the leading independent oil producer in the Permian Basin, has announced that American shale oil production has likely reached its peak and will begin declining in the coming months and years, following recent oil price deterioration. The Texas-based
Goldman Sachs’ co-head of Global Commodities Research, Samantha Dart, issued a report Tuesday indicating that U.S. natural gas markets are currently undervalued, maintaining an optimistic price outlook for the upcoming summer season. The analysis projects Henry Hub prices to reach $3.90/mmBtu during the balance of Summer
Financial markets are signaling the end of a major monetary era, with experts warning of an impending collapse in debt, currencies, and bubble assets including stocks and property. This systemic breakdown has been brewing for over three decades, with the monetary system showing clear signs of stress since the late
As Earth Day 2025 approaches, environmental activists have declared “Our Power, Our Planet” as their trademarked theme, highlighting their continued push for renewable energy expansion. The campaign’s central goal calls for tripling global renewable electricity generation by 2030, a target that experts consider unrealistic given current technological and economic
The rapid expansion of artificial intelligence capabilities is driving unprecedented growth in electricity demand, creating both opportunities and vulnerabilities in America’s power infrastructure. This surge is exemplified by OpenAI’s recent record-breaking $40 billion private funding round, with nearly half dedicated to the ambitious Starate data center project
In a significant market development, Exxon Mobil’s stock experienced its second-highest surge since the 2023 banking crisis, following reports that the Department of Energy (DOE) is considering major reductions in clean energy funding. The potential cuts, which could eliminate approximately $10 billion in environmental initiatives, would affect substantial
In a strategic move addressing both economic and national security interests, a new minerals agreement with Ukraine has emerged as a crucial step toward reducing U.S. dependence on Chinese critical mineral supplies. The deal establishes a reconstruction investment fund utilizing revenues from Ukraine’s state-owned natural resources, serving
Russian officials issued stark warnings on Thursday regarding potential US military action against Iranian nuclear facilities, characterizing such threats as both illegal and potentially catastrophic for global security. Maria Zakharova, speaking for Russia’s Foreign Ministry, emphasized that any military intervention against Iran’s nuclear infrastructure would have devastating worldwide
Tensions between Iran and the United States have reached a critical point following President Trump’s recent threat of military action against the Islamic Republic. The situation escalated after Iran rejected direct negotiations regarding a new nuclear agreement, prompting Trump to order the deployment of six B-2 stealth bombers
Production growth in America’s premier oil basin, the Permian, is showing signs of reaching its geological limits, with industry experts projecting potential peak output by the end of this decade. While the region continues to drive U.S. oil production growth, several indicators suggest constraints are emerging in this
