US Drillers Cut Oil and Gas Rigs for Third Time in Four Weeks, Baker Hughes Says

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third time in four weeks, energy services firm Baker Hughes said…

What the Trump Tax Breaks Giveth, the Gasoline Pump Taketh Away

By Rising gas prices threaten to offset tax refund gains, especially for lower-income Americans Wealthier taxpayers benefit more from new deductions, data from Tax Foundation and IRS shows Economists cut…

US Likely to Extend Russian Oil Waiver to Temper Iran War Shock, Sources Say

By , and Waiver part of US effort to control fuel prices during war Russia, Iran waivers criticized by US lawmakers in both parties Waiver expires at midnight EDT on…

FERC Approves NextDecade’s Request for More Workers and Longer Hours at Texas Site

HOUSTON, April 10 (Reuters) – U.S. federal regulators on Friday approved a request by NextDecade (NEXT.O) to increase the peak number of construction workers ​at its Rio Grande LNG project…

Ranked: The Countries Building the Most Nuclear Power – Visual Capitalist

By Key Takeaways China is on track to more than double U.S. nuclear capacity, reaching nearly 186 GW. The U.S. leads today but ranks second when planned projects are included.…

Oil Ends Lower Ahead of U.S.-Iran Ceasefire Talks, Posts Steepest Weekly Loss Since 2022

By Attacks have cut Saudi oil output by 600,000 bpd, state news agency says Shipping at near-standstill in Strait of Hormuz Brent down 12.7%, WTI down 13.4% this week Russia’s…

Oil Price Shock Drives 140% Surge in China’s EV Exports to Record High

Chinese electric vehicle exports soared by 140% to a record high in March as the fuel price shock drove consumers back to EVs. China exported as many as 349,000 electric…

Iran War Erodes Exxon, Chevron Profits Even as Oil Prices Soar

By The surge in oil and natural gas prices from the Iran war might seem like good news for the world’s biggest energy companies, but disruptions to production in the…

Gulf Producers Take First Steps Toward Resuming Hormuz Oil Flows

The biggest oil producers in the Middle East are asking their Asian customers to submit cargo loading nominations for the export ports that require passage through the Strait of Hormuz,…

Ukraine to Complete Druzhba Oil Pipeline Repairs This Spring

Ukraine will complete in the spring repairs on the damaged oil pipeline Druzhba, which carries Russian oil to Hungary and Slovakia, according to Ukrainian President Volodymyr Zelenskyy. At the end…