The White House has ordered U.S. military forces to focus almost exclusively on enforcing the “quarantine” of Venezuelan oil for at least the next two months, a U.S. official told Reuters on Wednesday. “While military options still exist the focus is to first use economic pressure by enforcing sanctions to reach the outcome the …
U.S. liquefied natural gas company Freeport LNG said all three trains at its LNG export plant in Texas experienced a trip due to an interruption of feed gas to the facility, according to a regulatory filing on Wednesday. “The plant operators managed the cooldown and restarts of train 1, train 2, and train 3 as …
Freeport LNG Reports All Three Trains at Texas Export Plant Experienced a Trip Read More »
Summary Oil heading for largest annual decline since 2020 Global crude supply glut looms over investors Russia-Ukraine peace proposals in focus HOUSTON, Dec 26 (Reuters) – Oil prices settled more than 2% lower on Friday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead …
Oil Falls 2% on Looming Supply Glut, Hopes of Ukraine Peace Deal Read More »
By Allison Schrager Allison Schrager is a Bloomberg Opinion columnist covering economics. A senior fellow at the Manhattan Institute, she is author of “An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk.” Takeaways by Bloomberg AI Consumers will have more money due to tax refunds and potential $2,000 checks to households. Businesses will …
Five Reasons to Be Optimistic About the 2026 Economy Read More »
By Lara Williams Lara Williams is a Bloomberg Opinion columnist covering climate change. Takeaways by Bloomberg AI The Paris Agreement aims to limit climate change to “well below 2C above pre-industrial levels” and pursue efforts to keep the increase close to 1.5C, but carbon emissions continue to grow. Many experts believe the 1.5C temperature target is …
COMMENTARY: Emissions Are Still Rising. That Doesn’t Mean We’re Failing Read More »
Repurposing military reactors for such civilian use, however, is unchartered territory Bloomberg News A Texas power developer is proposing to repurpose nuclear reactors from Navy warships to power the United States grid as the Trump administration pushes to secure massive amounts of energy for the artificial intelligence boom. HGP Intelligent Energy LLC filed an application to the Energy Department to redirect two …
Nuclear Developer Proposes Using Navy Reactors for Data Centers Read More »
By Gavin Maguire LITTLETON, Colorado, Dec 23 (Reuters) – Like any industry, wind energy has had its good and bad years. But 2025 may be one of the worst: a toxic stew of major policy reversals, corporate upheaval and sub‑par generation in key markets. U.S. President Donald Trump’s policy U-turn on renewable energy likely ranks …
COMMENTARY: Wind Energy Blown Off Course in 2025, Set For 2026 Uplift Read More »
By Robert Harvey CPC Blend exports drop to 1.14 million bpd from initially planned 1.7 million bpd Kazakhstan may have to curb output, given lack of alternative export routes, analyst says Global oil majors hold stakes in Kazakh oil industry MOSCOW/LONDON, Dec 24 (Reuters) – Kazakhstan’s exports of its flagship CPC Blend of oil will …
Kazakhstan’s December Crude Exports Sink to 14-Month Low After Ukraine Drone Strikes Read More »
Dec 24 (Reuters) – Northern Indiana Public Service Company on Wednesday said it has received a federal order requiring the continued operation of R.M. Schahfer generating station beyond its planned December 31, 2025, retirement date. The order directs the Indiana-based plant to remain open for 90 days from the date of the order, the firm …
NIPSCO Receives Federal Order to Keep Indiana Coal Plant Running Read More »
Clyde Russell LAUNCESTON, Australia, Dec 23 (Reuters) – Conventional wisdom in the crude oil market is that producers such as OPEC+ largely determine the price by altering output levels to achieve a desired outcome. That shibboleth was challenged in 2025 by China, which used its status as the world’s biggest oil importer to provide an effective price floor …
China Overtakes OPEC+ as the Main Oil Price Maker Read More »
