Energy
Oil major BP to cut thousands of jobs in cost-saving drive
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive. “Today, we have today told staff across bp that […]
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Oil is no longer an energy security challenge as critical minerals take center stage, Saudi minister says
Aerial view of brine ponds and processing areas of the lithium mine of the Chilean company SQM (Sociedad Quimica Minera) in the Atacama Desert, Calama, Chile, on Sept. 12, 2022. Martin Bernetti | Afp | Getty Images RIYADH, Saudi Arabia – The energy minister of Saudi Arabia – the Gulf kingdom whose wealth and power […]
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Live Updates: Senate confirmation hearings for Trump picks for CIA, State, Attorney General
Gov. Kristi Noem’s hearing was postponed last-minute South Dakota Gov. Kristi Noem, holds the name plate from when she served in Congress during the House Natural Resources Committee hearing on H.R. 3397 to “require the Director of the Bureau of Land Management to withdraw a rule of the Bureau of Land Management relating to conservation […]
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Live Updates: Senate confirmation hearings for Trump picks for CIA, State, Attorney General
Gov. Kristi Noem’s hearing was postponed last-minute South Dakota Gov. Kristi Noem, holds the name plate from when she served in Congress during the House Natural Resources Committee hearing on H.R. 3397 to “require the Director of the Bureau of Land Management to withdraw a rule of the Bureau of Land Management relating to conservation […]
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Trump says he will revoke Biden offshore drilling ban on first day in office
A view of offshore oil and gas platform Esther in the Pacific Ocean on January 5, 2025 in Seal Beach, California. Mario Tama | Getty Images President-Elect Donald Trump said Tuesday that he will reverse President Joe Biden’s ban on offshore drilling along most of the U.S. coastline as soon as he takes office. “I’m […]
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Tesla posted record China sales in 2024. But this year is going to be tough as competition heats up
Tesla models Y and 3 are displayed at a Tesla dealership in Corte Madera, California, on Dec. 20, 2024. Justin Sullivan | Getty Images Electric vehicle-maker Tesla’s sales in China climbed to a record high last year. Sustaining that performance in 2025 could prove tricky as competition with homegrown players intensifies, analysts said. The U.S. […]
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Several commodities face headwinds in 2025 — but this metal’s record rally is set to continue
Gold bullions are displayed at GoldSilver Central’s office in Singapore June 19, 2017. Edgar Su | Reuters Commodity prices are largely expected to fall in 2025 due to a sluggish global economic outlook and a resurgent dollar, but gold and gas prices are poised to rally this year, according to industry experts. Commodities had a […]
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Ukraine’s halt of Russian gas to Europe throws breakaway Moldovan region into crisis mode
Flow regulator valves at a natural gas measuring station in Moldova. Bloomberg | Bloomberg | Getty Images Moldova’s breakaway region of Transnistria has been thrust into a profound energy crisis following the termination of a five-year gas transit agreement between Russia and Ukraine. Hundreds of thousands of people in the mainly Russian-speaking territory of Transnistria […]
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Trump says Britain is ‘making a very big mistake’ with windfall tax on North Sea oil producers
The NKT Victoria cable laying ship operates off the coast of Marske by the Sea as it lays cable as part of the Sofia Offshore Wind Farm project on August 17, 2024 in Marske By The Sea, United Kingdom. Ian Forsyth | Getty Images News | Getty Images U.S. President-elect Donald Trump on Friday called […]
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Ukraine just stopped Russian gas flows to Europe. Here’s who’s most at risk
The Mitte Combined Heat and Power (CHP) natural gas power plant, operated by Vattenfall AB, in Berlin, Germany, on Wednesday, Jan. 1, 2025. Bloomberg | Bloomberg | Getty Images Ukraine halted the flow of Russian gas to several European countries on New Year’s Day, bringing an end to Moscow’s decades-long dominance over Europe’s energy markets. […]
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