energy
(Reuters) – U.S. President Donald Trump’s declaration of a national energy emergency to boost drilling and speed up pipeline construction should withstand court challenges but will not allow oil and gas producers to skirt all environmental laws, according to legal experts. Trump, a Republican who campaigned on a promise to…
By Jarrett Renshaw (Reuters) – U.S. President Donald Trump issued a flurry of orders within hours of his inauguration on Monday intended to boost the nation’s already record-high oil and gas production and unwind former President Joe Biden’s climate agenda. Here are some of the actions Trump took on his…
By Timothy Gardner WASHINGTON (Reuters) – Chris Wright, President-elect Donald Trump’s pick to head the U.S. Energy Department, will tell U.S. senators in his confirmation hearing on Wednesday his first priority is expanding domestic energy production including liquefied and nuclear power. Wright, 59, believes fossil fuels are the key to…
(Reuters) – Voters in Germany, Europe’s biggest economy, go to the polls on Feb. 23 in what marks the first elections since Berlin severed its ties with Russia, its decades-long gas supplier. Here is how major parties outline their energy policies: CDU/CSU The conservative Christian Democrats (CDU), who run with…
Russia’s state-owned gas giant is mulling a sweeping cut to its managing staff in St. Petersburg.A letter from Gazprom’s board to its CEO suggested layoffs of 40% for its headquarters amid “challenges.”The letter said wages among managers had risen to nearly $500 million a year.Russian energy giant Gazprom is considering…
(Reuters) – President-elect Donald Trump has promised to maximize U.S. oil and production – already at record highs – in part by clearing away what he deems as unnecessary regulation and bureaucracy. Here are some of the energy-related executive orders Trump could announce during his first days in office, as…
The latest US sanctions on Russia’s energy sector impact China and India, altering trade dynamics.The sanctions target Russian oil giants and tankers, raising oil prices to a four-month high.China and India may seek oil from other regions, while Russia might offer discounts.The US’ latest move to hit Russia’s energy revenues…
Investing.com – Macroeconomic challenges facing commodities in the first three quarters of 2024 have reversed and become tailwinds entering the new year, according to analysts at Wells Fargo (NYSE:). Elevated interest rates and broader economic uncertainties weighed on commodity prices over the January-to-September period last year, although that trend largely turned…
(Reuters) – The U.S. Treasury on Friday announced sweeping new sanctions against the Russian energy sector, including oil majors Gazprom (MCX:) Neft and Surgutneftegaz, to try to hinder Moscow in its war with Ukraine. Britain also joined the sanctions against those two companies, the U.S. Treasury said. The sanctions also…
By Laila Kearney and Seher Dareen NEW YORK (Reuters) – U.S. nuclear power provider Constellation Energy (NASDAQ:) on Friday agreed to buy privately-held and geothermal company Calpine Corp for $16.4 billion, marking one of the biggest acquisitions in the history of the U.S. power industry. The cash-and-stock deal comes at…
