UN Pushes Back Against Trump’s Deep Sea Minerals Mining Plans

President Donald Trump’s executive order to access critical deep-seabed minerals is raising concerns among the international authorities with jurisdiction over resources in international waters. Last week, President Trump issued an…

IMF Slashes Growth Forecast for Middle East Exporters as Oil Prices Dip

The International Monetary Fund (IMF) has downgraded its economic growth forecast for the oil exporters in the Middle East to 2.3% from 4% expected in October, due to the slide…

US Crude Stockpiles Draw Unexpectedly on Export, Refinery Demand, EIA Says

(Reuters) – U.S. crude oil stockpiles fell unexpectedly last week on higher export and refinery demand, while gasoline drew down for a ninth straight week, the Energy Information Administration said…

BP’s 440,000-bpd Refinery in Whiting, Indiana, Shut Reformer Unit Last Weekend, Sources Say

(Reuters) – BP’s 440,000-barrel-per-day (bpd) refinery in Whiting, Indiana, shut the reformer unit last weekend, trading sources said. The company did not immediately respond to Reuters’ requests for comment. The…

Equinor Says it Could Lose Billions on Trump’s Wind Power Clampdown

(Reuters) – Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump’s administration reverses a decision…

Tesla Chair Denies Reported CEO Search, Backs Elon Musk

Musk acknowledged during Tesla’s earnings call that there had been “some blowback” over his time leading DOGE Tesla Inc.’s chair denied a report that said board members started a search…

Fusion Project Completes World’s Most Powerful Magnet System

The International Thermonuclear Experimental Reactor (ITER), a multi-national endeavor to build a system to experiment with nuclear fusion, has just completed the final component of its pulsed superconducting electromagnet system,…

S&P Downgrades Woodside Outlook to Negative After Louisiana LNG Go-Ahead

S&P Global Ratings has revised down its credit outlook on Woodside Energy after the Australian firm took the final investment decision on the $17.5 billion Louisiana LNG export project. The…

Strong European Demand Pushes U.S. LNG Exports Up by 20%

U.S. LNG exports jumped by 20% between January and April from a year earlier as buying activity in Europe remained strong amid a cold winter and low gas inventory levels.…

Russia Slashes Energy Revenue Forecast by 24% as Oil Prices Dip

Russia expects 24% lower revenues from oil and gas this year compared to earlier estimates, following the oil price crash that began in early April and sank the price of…