Energy
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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Russian gas era in Europe ends as Ukraine stops transit
YANTAI, CHINA – SEPTEMBER 11, 2023 – A large LNG tank deck ship loaded with liquefied natural gas imported from Malaysia is docked at the Longkou Port area of Yantai Port in Yantai, Shandong province, China, September 11, 2023. As the country’s first oil and gas terminal, tank farm, pipeline integrated operation of the port, […]
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Nearly all of Puerto Rico is without power on New Year’s Eve
Joggers exercise on a dark street in San Juan, Puerto Rico after a major power outage hit the island on December 31, 2024. Ricardo Arduengo | AFP | Getty Images A blackout hit nearly all of Puerto Rico early Tuesday as the U.S. territory prepared to celebrate New Year’s Eve. More than 1.2 million out […]
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Russia’s Gazprom says it will halt gas supplies to Moldova starting Jan. 1
A giant sign for OAO Gazprom stands above a building in Moscow, Russia Andrey Rudakov | Bloomberg | Getty Images Russia’s state-owned energy giant Gazprom said Saturday it will halt gas supplies to Moldova starting on Jan. 1, citing alleged unpaid debt by the European Union candidate country, which has brought in emergency measures as it braces […]
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Why tech giants such as Microsoft, Amazon, Google and Meta are betting big on nuclear power
Data centers powering artificial intelligence and cloud computing are pushing energy demand and production to new limits. Global electricity use could rise as much as 75% by 2050, according to the U.S. Department of Energy, with the tech industry’s AI ambitions driving much of the surge. Data centers powering AI and cloud computing could soon […]
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