Rising market and policy uncertainties forced companies to cancel $8 billion in investments in U.S. clean energy projects in the first quarter of the year. In a dramatic surge in cancellations of projects amid the chilling effects of the Trump Administration’s trade policy and attempts to repeal part of the …
Read More »Oil Falls as Concerns about Demand amid US Tariff Upheaval Return
Oil prices fell more than 1.5% on Monday as investors once again focused on concerns U.S. tariffs on its trading partners will create economic headwinds that will reduce fuel demand growth. Brent crude futures slipped $1.10, or 1.6%, to $66.86 a barrel at 0255 GMT after closing up 3.2% on …
Read More »China Stops Buying LNG from US
China halted liquefied natural gas (LNG) purchases from the United States in March, while simultaneously increasing its imports from Australia, Indonesia, and Brunei, according to a RIA Novosti analysis of Chinese customs data. In 2024, the US was among the top five suppliers of LNG to the Chinese market, exporting …
Read More »U.S. will Ditch Ukraine Peace Talks if Progress isn’t Made aoon
The United States will abandon efforts to broker a Russia-Ukraine peace agreement if progress isn’t made very soon and unless clear signs emerge that a deal can be reached, U.S. Secretary of State Marco Rubio said on Friday. “We’re not going to continue with this endeavour for weeks and months …
Read More »Asia Offers to Buy more U.S. Energy to Avoid Steep Tariffs
Most Asian countries are racing to pledge increased imports of U.S. energy to avoid the high tariffs slapped on them in early April. Delegations from many Asian countries are heading to Washington D.C. these days to discuss the U.S. tariffs, now suspended for 90 days, which are the highest for …
Read More »EIA Says U.S. Oil Production will Peak in 2027
U.S. crude oil production is set to peak at around 14 million barrels per day (bpd) in 2027, according to the Annual Energy Outlook 2025 of the U.S. Energy Information Administration (EIA). U.S. oil production is set to remain around the 14 million bpd level by 2030 and in the …
Read More »Pakistan Weighs First-ever U.S. Oil Imports to Reduce Trade Surplus
Pakistan is actively considering the idea of importing U.S. crude oil for the first time to seek a reduction of its trade surplus with America and avoid one of the highest tariffs – currently paused – on its goods sold in the United States. Crude oil is one of the …
Read More »Oil Extends Decline as US-China Trade War Weighs on Global Growth Outlook
Oil prices fell on Monday on concerns the escalating trade war between the United States and China would weaken global economic growth and dent fuel demand. Brent crude futures were down 29 cents, or 0.45 percent, at US$64.47 (HK$502.87) a barrel at 0126 GMT. US West Texas Intermediate crude futures …
Read More »Trump Tariffs could Hit the Battery Storage Sector Hard
The United States utility-scale battery storage sector has been projected to grow dramatically in 2025, as renewable energy companies look for ways to make their clean energy operations more stable and reliable. However, the recent introduction of tariffs on countries worldwide by the Trump administration, with particularly high tariffs on …
Read More »Oil Retreats despite Tariff Pause as US-China Trade War Escalates
Oil prices retreated on Thursday as U.S. President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries. Brent futures fell 77 cents, or 1.18%, to $64.71 a barrel by 0320 GMT, while U.S. West Texas Intermediate crude …
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