Sunday, 25 May 2025

Focus on Economy

White House national economic advisor Lael Brainard said the IRA clean energy tax credits were now the law of the land (AFP)
EconomyElectionsNewsPolitics

Biden’s clean energy tax credits likely to remain ‘law of the land’: Lael Brainard

Most of U.S. President Joe Biden's clean energy tax credits are now law and are unlikely to be reversed by Donald Trump if...

FILE PHOTO: A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/File Photo
EconomyElectricityInfrastructureNews

Summer power prices seen surging for Texas, falling in California

US electricity prices could be driven up by imbalances across country as some states struggle to provide amid heat and rising demand.

FILE PHOTO: A pump is seen at a gas station in Manhattan, New York City, U.S., August 11, 2022. REUTERS/Andrew Kelly/File Photo
AutomotiveBuildingsEconomyFuelNewsOilTransport

Seasonal US fuel demand hits pandemic lows, weighs on refining margins

U.S. gasoline and diesel demand are at their weakest seasonal level since the 2020 coronavirus pandemic, according to data from the Energy Information...

The EU is considering banning European ports from re-exporting Russian LNG to third countries (AFP)
EconomyLiquefied Natural GasNewsPoliticsTrade

EU eyes first ever sanctions on Russia’s LNG sector

The aim is to further hit Russia's revenues from fossil fuels as there have been growing concerns that previous sanctions have not hurt...

AnalysisEconomyElectricityInfrastructureOpinionPoliticsRegulationsTransmissionUtilitiesWind

Opinion: Europe needs hybrid interconnectors for offshore wind

Opinion: Hybrid interconnectors for offshore wind projects could help support Europe's transition to renewable energy, but more could be done to support these...

FILE PHOTO: A view shows a stand of Russian state nuclear agency Rosatom at an exposition of the international military-technical forum Army-2023 at Patriot Congress and Exhibition Centre in the Moscow region, Russia, August 18, 2023. REUTERS/Stringer/File Photo
EconomyNewsNuclear PowerPoliticsTrade

Republicans urge Biden to prevent French work with Russian nuclear power company

Two influential Republican U.S. lawmakers have urged President Joe Biden to prevent a French company from working on civil nuclear power projects with...

FILE PHOTO: Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
EconomyNewsOilPoliticsTrade

Iran’s capacity to move oil reliant on Malaysian providers: US Treasury official

The U.S. Treasury is increasing its focus on financing for militant groups routed through Southeast Asia, including through fundraising efforts and illicit sales...

FILE PHOTO: A Marathon Oil well site is seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the drop in demand for oil globally, in Texas, U.S., May 18, 2020. REUTERS/Jennifer Hiller//File Photo
BusinessEconomyFinanceNewsOilPolitics

Oil prices edge up after Israel strikes Gaza, truce talks continue

Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution.

AnalysisAutomotiveBusinessEconomyElectric Vehicles (EVs)OpinionPoliticsTrade

The Conversation: Electric cars pile up at European ports as Chinese firms struggle to find buyers

The Conversation: Entering an established market as a challenger is a complex operation. Chinese EV makers will have to contend with buyer wariness,...

FILE PHOTO: Scott Sheffield, CEO of Pioneer Resources, speaks during the IHS CERAWeek 2015 energy conference in Houston, Texas April 21, 2015.  REUTERS/Daniel Kramer/File Photo
AnalysisBusinessEconomyIn-DepthOilPolitics

U.S. oil executive censure puts spotlight on shale-OPEC meetings

A U.S. regulator's censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group...

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