Ending the Week – Oil Gains on Short-Covering, Nuclear Talks

Oil gains on short-covering, nuclear talks Summary Higher tariffs could hit oil demand growth, analysts say Brent and WTI down more than 2% this week Market braces for another OPEC+…

US Natgas Prices Climb 2% on Lower Output, Hot Summer Forecasts

For the week, the contract was down less than 1% after losing around 12% last week. Get the Latest US Focused Energy News Delivered to You! It’s FREE: Looking forward,…

A 4-YEAR LOW – US Drillers Cut Oil, Gas Rigs to Lowest Since November 2021, Baker Hughes Says

The oil and gas rig count, an early indicator of future output, fell by 10 to 566 in the week to May 23. That 10-rig reduction was the biggest weekly…

Victory for Energy Freedom: the House (Finally) Limits IRA Subsidies

Last week, Republicans were planning to keep the vast majority of the trillion-dollar IRA subsidies, including grid-destroying solar/wind subsidies. Fortunately, a few energy freedom fighters saved us By Alex Epstein…

Phillips 66 to Lay Off Most Workers at Los Angeles Refinery

U.S. refining giant Phillips 66, which will close its LA refinery later this year, will lay off in December most of the workers at the plant, Reuters reports, citing sources…

U.S. Courting Asian Investors for $44 Billion Alaska LNG Project

The top U.S. energy officials will host on June 2 an event with officials from South Korea, Japan, and Taiwan to tout the $44-billion Alaska LNG project for which the…

Trump Slams UK’s North Sea Energy Policy, Again

U.S. President Donald Trump has taken to social media to criticize once again the UK’s energy policy to pursue renewables and tax North Sea oil and gas operators more. Referring…

  • Gas
  • May 23, 2025
Trump threatens Europe with 50% tariffs from 1 June 

US President Donald Trump is recommending a straight 50% tariff on EU goods from 1 June after expressing frustration with ongoing talks. Writing on his Truth Social account, the President…

  • Gas
  • May 23, 2025
Why total cost of ownership could be the new benchmark in green hydrogen

The hydrogen industry must face a “sobering” market reality and move beyond the early hype if it is to deliver on its promise of decarbonising hard-to-abate sectors. That was the…

TotalEnergies Inaugurates Europe’s Largest Solar Power Cluster In Guillena, Spain, With 263 MW Capacity

TotalEnergies has officially inaugurated its largest solar power plant cluster in Europe, located near Sevilla in southern Spain. The new facility comprises five interconnected solar projects, collectively offering an installed…