Trending News: Trump Calls Out Exxon and Chevron in Probe Over Alleged Gasoline Price ‘Gouging’Oil Touches Pre-War Levels on Rising Middle East SupplyIran Peace Deal No Silver Bullet for Fed’s Inflation Dilemma: Mike DolanConservatives Demand Repeal of Biofuel Blending QuotasNatural Gas Prices Set to Ease as Qatar Restores LNG OutputQatar Signs Crude Deal With Taiwan as Gulf Oil Trade RecoversTrump Singles Out Exxon, Chevron, Shell, and BP Over High Gas PricesIraq Could Quit OPEC in Bid to Pump More Oil$70 Oil Could Put India Back on Track for 7% Economic GrowthADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap ProjectChina to Increase Fuel Export Allowances for JulyFuel cell investment by data centres to reach $30bn by 2030Spain redirects €211m in IPCEI funds to BP-Iberdrola hydrogen plant expansionHynfra mulls large-scale Philippines green hydrogen-based ammonia plantLONGi Receives The EUPD Top Innovation Award 2026 for the Hi-MO One Pro Commercial Storage SystemDepartment of Energy Announces $17.5 Billion Loan Commitment To Accelerate 10 New Nuclear Reactors In The U.S.Green Energy Stocks End Mixed As Renewable And Battery Segments Move In Opposite Directions (25 June 2026)Sineng Electric and Arde Enerji Sign 1 GW Supply Agreement to Advance Turkey’s Clean Energy TransitionIs the global urban data centre pact workable?Philippines And Vietnam Launch 25 GW Renewable Energy Mega Project With Storage And EV Charging InfrastructureRussian helium complex targeted in Ukraine drone strikeRussian helium complex targeted in Ukraine drone strikeChina fast tracks domestic helium storage bank to secure supply as costs surgeSpain’s H2Site completes €42m funding roundQatar Adds Momentum to Mideast Oil Trade ReboundABB flowmeter certification boosts industry safetyVideo | Protecting patient data in the age of connected healthcareAI could cut LNG production costs by $80bn a year by 2050Sinopec awarded FEED contract for huge Uzbekistan e-fuels projectEuro Sinks To One-Year Low As Oil Price Drop Fuels ECB Rate Cut BetsMoscow Refinery May Stay Offline Until 2027Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel CrunchAir Liquide to build two nitrogen units for Silleno plant in KazakhstanIrish developer eyes exclusive rights to manufacture CPH2 electrolysersArc3 Gases brings helium purifier online in VirginiaUK fusion sector poised for industrial scale-upOSGE signs agreement with Włocławek for SMR plantIn pictures: Work on Paks II’s new unitsFirst Lightbridge fuel samples removed from INL’s Advanced Test ReactorSwedish state taking majority stake in Videberg KraftRubio on Gulf Tour as Allies Sceptical About Iran Deal Seek AnswersU.S. Crude Stocks at Cushing Hit Near 12-Year Low, Fuel Inventories Rise, EIAIran, Oman to Coordinate Hormuz TransitsAdani Targets 10 GW Nuclear Power Capacity in India by 2035UK Climate Panel Urges Faster Electrification to Lower Energy BillsVLCC Earnings Near $470,000 a Day as Hormuz Hopes Drive Tanker FrenzyOil Extends Losses on Expectations of Smoother Crude Flows via HormuzUS CFOs in Survey Say Firms Mostly Absorbed Oil Price ShockGlobal Physical Crude Markets Mired in Discounts as Middle East Ramps Up SupplyCarbonX CO2 electrolysis prize fund winner plots scale up timelinesITM, Gore eye 80,000-hour PEM life with ultra-thin membraneAnalysis: Will Australia become a force in helium?US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the SlackTrump Orders Gas Price Gouging ProbeMalaysian Major Makes Gas Discovery in SurinameQatar Says LNG Exports Could Return to Normal Within WeeksIndia Cuts Coal Imports as Power Plants Turn to Domestic FuelChina’s Teapot Refineries Cut Operations to Their Lowest Level Since 2017Qatar to resume LNG production within weeks, says Prime MinisterQatar to resume LNG production within weeks, says PMIndian Green Energy Stocks Show Mixed Performance As Sensex And Nifty End Higher On June 24Plug Power installs 5MW system and Danish PtX plantWeek in South East Asia: Meralco-MGEN Eye 2.5 GW RE Project; Novva Buys 120 MWp Solar Asset; TotalEnergies ENEOS Expands Rooftop Solar and More…Kee Ming Secures RM70 Million Contract for 99.99 MW Solar Project in MalaysiaPhilippines To Add 422 MW Floating Solar Capacity Through $406 Million SunAsia-VinEnergo PartnershipDEWA And Türkiye Explore New Cooperation In Clean Energy, Water, And Infrastructure DevelopmentUK transition to clean electricity ‘not happening fast enough’UK transition to clean electricity ‘not happening fast enough’CAISO Surpasses Natural Gas as Solar Generation Surges in Early 2026Hy2gen aims for 2028 groundbreaking on EU-backed 100MW Danish hydrogen plantRenergen secures first offtake for South African helium projectCalifornia Threatens to Sue Trump Administration Over Offshore Wind CancellationTrump Administration, Qatar Say EU Methane Rules Threaten Energy SecurityVideo | The role of connected devices in modern hospital gas systemsPoland bank invests €25m in pan-European biomethane fundStegra closes $1.4bn rescue package for green hydrogen-based steel plantTanker Owners Are Having the Best Week of the Hormuz CrisisPemex Wants Petrobras’ Deepwater MagicAsian Demand for Mideast Oil Slows after SplurgeTankers Emerge from Dark Mode amid Tentative Hormuz ReopeningNovak: Russia Considers Complete Ban on Diesel ExportsEurope’s Top Gas Distributor to Invest $14.8 Billion in AI-Backed NetworksUS federal loan to jumpstart AP1000 reactor supply chainAtkinsRéalis kicks off US licensing for CANDU technologyRussia planning ‘high-capacity’ nuclear fuel reprocessing plantWalmart signs nuclear power purchase agreement with ConstellationHoltec and EDF submit UK SMR project proposalTrump Insists Iran Has Agreed to Nuclear InspectionsWill US and International Sanctions on Iran be Lifted?US Supreme Court Boosts Exxon’s Bid to Get Compensation from CubaUS Natural Gas Drops on Cooler Outlooks, New Pipeline CapacityTrump Administration to Slash Oil-Drilling Bond Amount by 95%India Boosts U.S. LPG Imports to Record HighIran Moves to Tap Key Asian Markets as U.S. Waives Oil SanctionsIran Says U.S. Agreed to Unblock $12 Billion in Frozen FundsIOC’s Tanker Tender Comes Up Empty as Hormuz Risk LingersEurope’s Battery Storage Installations Set to Quadruple by 2030Tankers Emerge from Dark Mode amid Tentative Hormuz ReopeningTankers Emerge fromBallard’s GeoPura buy marks business model shift from hydrogen equipment sellerPosco opens rare gas plant for South Korean semiconductor market
Thu. Jun 25th, 2026
Trending News: Trump Calls Out Exxon and Chevron in Probe Over Alleged Gasoline Price ‘Gouging’Oil Touches Pre-War Levels on Rising Middle East SupplyIran Peace Deal No Silver Bullet for Fed’s Inflation Dilemma: Mike DolanConservatives Demand Repeal of Biofuel Blending QuotasNatural Gas Prices Set to Ease as Qatar Restores LNG OutputQatar Signs Crude Deal With Taiwan as Gulf Oil Trade RecoversTrump Singles Out Exxon, Chevron, Shell, and BP Over High Gas PricesIraq Could Quit OPEC in Bid to Pump More Oil$70 Oil Could Put India Back on Track for 7% Economic GrowthADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap ProjectChina to Increase Fuel Export Allowances for JulyFuel cell investment by data centres to reach $30bn by 2030Spain redirects €211m in IPCEI funds to BP-Iberdrola hydrogen plant expansionHynfra mulls large-scale Philippines green hydrogen-based ammonia plantLONGi Receives The EUPD Top Innovation Award 2026 for the Hi-MO One Pro Commercial Storage SystemDepartment of Energy Announces $17.5 Billion Loan Commitment To Accelerate 10 New Nuclear Reactors In The U.S.Green Energy Stocks End Mixed As Renewable And Battery Segments Move In Opposite Directions (25 June 2026)Sineng Electric and Arde Enerji Sign 1 GW Supply Agreement to Advance Turkey’s Clean Energy TransitionIs the global urban data centre pact workable?Philippines And Vietnam Launch 25 GW Renewable Energy Mega Project With Storage And EV Charging InfrastructureRussian helium complex targeted in Ukraine drone strikeRussian helium complex targeted in Ukraine drone strikeChina fast tracks domestic helium storage bank to secure supply as costs surgeSpain’s H2Site completes €42m funding roundQatar Adds Momentum to Mideast Oil Trade ReboundABB flowmeter certification boosts industry safetyVideo | Protecting patient data in the age of connected healthcareAI could cut LNG production costs by $80bn a year by 2050Sinopec awarded FEED contract for huge Uzbekistan e-fuels projectEuro Sinks To One-Year Low As Oil Price Drop Fuels ECB Rate Cut BetsMoscow Refinery May Stay Offline Until 2027Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel CrunchAir Liquide to build two nitrogen units for Silleno plant in KazakhstanIrish developer eyes exclusive rights to manufacture CPH2 electrolysersArc3 Gases brings helium purifier online in VirginiaUK fusion sector poised for industrial scale-upOSGE signs agreement with Włocławek for SMR plantIn pictures: Work on Paks II’s new unitsFirst Lightbridge fuel samples removed from INL’s Advanced Test ReactorSwedish state taking majority stake in Videberg KraftRubio on Gulf Tour as Allies Sceptical About Iran Deal Seek AnswersU.S. Crude Stocks at Cushing Hit Near 12-Year Low, Fuel Inventories Rise, EIAIran, Oman to Coordinate Hormuz TransitsAdani Targets 10 GW Nuclear Power Capacity in India by 2035UK Climate Panel Urges Faster Electrification to Lower Energy BillsVLCC Earnings Near $470,000 a Day as Hormuz Hopes Drive Tanker FrenzyOil Extends Losses on Expectations of Smoother Crude Flows via HormuzUS CFOs in Survey Say Firms Mostly Absorbed Oil Price ShockGlobal Physical Crude Markets Mired in Discounts as Middle East Ramps Up SupplyCarbonX CO2 electrolysis prize fund winner plots scale up timelinesITM, Gore eye 80,000-hour PEM life with ultra-thin membraneAnalysis: Will Australia become a force in helium?US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the SlackTrump Orders Gas Price Gouging ProbeMalaysian Major Makes Gas Discovery in SurinameQatar Says LNG Exports Could Return to Normal Within WeeksIndia Cuts Coal Imports as Power Plants Turn to Domestic FuelChina’s Teapot Refineries Cut Operations to Their Lowest Level Since 2017Qatar to resume LNG production within weeks, says Prime MinisterQatar to resume LNG production within weeks, says PMIndian Green Energy Stocks Show Mixed Performance As Sensex And Nifty End Higher On June 24Plug Power installs 5MW system and Danish PtX plantWeek in South East Asia: Meralco-MGEN Eye 2.5 GW RE Project; Novva Buys 120 MWp Solar Asset; TotalEnergies ENEOS Expands Rooftop Solar and More…Kee Ming Secures RM70 Million Contract for 99.99 MW Solar Project in MalaysiaPhilippines To Add 422 MW Floating Solar Capacity Through $406 Million SunAsia-VinEnergo PartnershipDEWA And Türkiye Explore New Cooperation In Clean Energy, Water, And Infrastructure DevelopmentUK transition to clean electricity ‘not happening fast enough’UK transition to clean electricity ‘not happening fast enough’CAISO Surpasses Natural Gas as Solar Generation Surges in Early 2026Hy2gen aims for 2028 groundbreaking on EU-backed 100MW Danish hydrogen plantRenergen secures first offtake for South African helium projectCalifornia Threatens to Sue Trump Administration Over Offshore Wind CancellationTrump Administration, Qatar Say EU Methane Rules Threaten Energy SecurityVideo | The role of connected devices in modern hospital gas systemsPoland bank invests €25m in pan-European biomethane fundStegra closes $1.4bn rescue package for green hydrogen-based steel plantTanker Owners Are Having the Best Week of the Hormuz CrisisPemex Wants Petrobras’ Deepwater MagicAsian Demand for Mideast Oil Slows after SplurgeTankers Emerge from Dark Mode amid Tentative Hormuz ReopeningNovak: Russia Considers Complete Ban on Diesel ExportsEurope’s Top Gas Distributor to Invest $14.8 Billion in AI-Backed NetworksUS federal loan to jumpstart AP1000 reactor supply chainAtkinsRéalis kicks off US licensing for CANDU technologyRussia planning ‘high-capacity’ nuclear fuel reprocessing plantWalmart signs nuclear power purchase agreement with ConstellationHoltec and EDF submit UK SMR project proposalTrump Insists Iran Has Agreed to Nuclear InspectionsWill US and International Sanctions on Iran be Lifted?US Supreme Court Boosts Exxon’s Bid to Get Compensation from CubaUS Natural Gas Drops on Cooler Outlooks, New Pipeline CapacityTrump Administration to Slash Oil-Drilling Bond Amount by 95%India Boosts U.S. LPG Imports to Record HighIran Moves to Tap Key Asian Markets as U.S. Waives Oil SanctionsIran Says U.S. Agreed to Unblock $12 Billion in Frozen FundsIOC’s Tanker Tender Comes Up Empty as Hormuz Risk LingersEurope’s Battery Storage Installations Set to Quadruple by 2030Tankers Emerge from Dark Mode amid Tentative Hormuz ReopeningTankers Emerge fromBallard’s GeoPura buy marks business model shift from hydrogen equipment sellerPosco opens rare gas plant for South Korean semiconductor market
Thu. Jun 25th, 2026

Trump to Invoke Emergency Law for California Oil Producer Sable, Bloomberg News Reports

White House

(Reuters) – U.S. President Donald Trump plans to invoke emergency law for Sable Offshore as it looks to restart production from a cluster of offshore platforms in California, Bloomberg News reported on Wednesday, citing a person familiar with the matter.

Shares of Sable rose 16.3% to $16.75 in afternoon trading.

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Trump is preparing to summon authorities under the Defense Production Act to preempt state laws and ease permitting for Sable, the report added.

The planned order would also pave the way for renewed oil production off the southern California coast, in a bid to that would allow Trump to ease the global crude supply crunch spurred by his war with Iran, Bloomberg said in the report.

The U.S.-Israeli war against Iran has sent oil prices surging, making fuel more expensive for consumers in California, where gasoline prices were already increasing.

Fuel prices are a key political pressure point in California and Trump has been ramping up efforts to tackle rising fuel prices ahead of the midterm elections in November.

Sable Offshore and the White House Office did not immediately respond to Reuters’ requests for comment.

Reporting by Vallari Srivastava in Bengaluru; Editing by Alan Barona

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