USA
EIA expects oil prices to be under pressure from oversupply in 2025, 2026
U.S. oil production is poised to set a larger record this year than prior estimates, the EIA said in its Short-Term Energy Outlook...
US to ban smart cars containing Chinese tech
The restriction also bans the import of the hardware and software if they are linked to Beijing or Moscow.
Peru’s niche Bretaña crude oil gains popularity in US
The U.S. Gulf Coast receives its first Bretaña oil cargo this month as refiners seek alternatives to declining Mexican heavy crude.
Biden administration finalizes US crackdown on Chinese vehicles
Biden's administration is finalizing rules that will effectively bar nearly all Chinese cars and trucks from the U.S. market.
Edison utility sued over role of equipment in LA wildfires, Bloomberg News reports
Edison International faces a lawsuit over California wildfires, alleged to be sparked by its equipment, shares drop 13 per cent.
Investor climate group Net-Zero Asset Managers suspends activities after BlackRock exit
BlackRock exits Net-Zero Asset Managers initiative amid U.S. political backlash, prompting coalition to suspend activities.
Cleveland-Cliffs partners with Nucor to potentially bid for US Steel, CNBC reports
Cleveland-Cliffs is partnering with peer Nucor to prepare a potential bid for U.S. Steel, CNBC reported on Monday, citing sources.
US Supreme Court rejects bid by oil companies to toss Honolulu’s climate suit
US Supreme Court rejects oil firms' appeal to dismiss Honolulu's climate lawsuit accusing them of decades-long deception.
LNG exporter Venture Global targets up to $110 billion valuation in blockbuster US IPO
Venture Global targets a $110.38B valuation in its IPO, set to capitalize on surging global LNG demand in 2025.
Trump’s energy agenda: More drilling, less renewables, and a second exit from the Paris Agreement
Trump plans to expand drilling, halt offshore wind projects, boost gas exports, and re-exit the Paris Agreement.
