Tag Archives: United States of America

The United States has exempted Turkey from sanctions on Russia’s Gazprombank so that it can continue to pay for gas imports, the Turkish energy minister told Bloomberg. Washington sanctioned dozens of Russian banks in November, including Gazprombank, which since March 2022 had been the only bank countries could use to …

The 2024 hurricane season was relentless, and it took U.S. energy infrastructure along for the ride. Above-average storm activity—18 named storms, five of which were major hurricanes—created disruptions in electricity markets and oil and gas production in the Gulf of Mexico. Hurricanes Helene and Milton, both Category 3 storms, were …

Since 2022, several countries worldwide have announced plans to expand their natural gas production capacity over the next decade, with multiple new large-scale projects coming online over the last three years. This was largely driven by the 2022 Russian invasion of Ukraine and subsequent sanctions on Russian energy, which led …

The Construction MMI (Monthly Metals Index) held its sideways trend, dropping by a slight 1.09%. Despite a torrent of construction news, the index didn’t budge much month-over-month and had a minimal reaction to recent interest rate drops. The Fed will likely need to drop interest rates more aggressively for the …

US President Joe Biden’s administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect US clean energy businesses. The notice from the Office of US Trade Representative (USTR) said tariffs on Chinese-made solar wafers and polysilicon would rise to 50 percent from 25 …

China’s retaliatory export curbs might take a toll on the growing U.S. clean energy sector and its defense industry, analysts opined as trade tensions escalate between the world’s two biggest economies. Beijing announced this week it would ban exports of gallium, germanium and antimony to the United States, targeting materials …

The European Union is working with the United States to soften the blow without undermining their shared stance against Moscow. Gazprombank, pivotal for Russian natural gas transactions, has become a focal point of geopolitical and energy strategy since the U.S. imposed sanctions last month. While President Vladimir Putin’s decision to …

The U.S. LNG export industry has recently hit several stumbling blocks. And who will be America’s president in the next four years may not even be the biggest. Litigation at court from environmental groups, a contractor bankruptcy, and President Joe Biden’s permit pause have combined to increase uncertainty for U.S. …

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, after falling in the two weeks prior. The total rig count rose by 7, landing at 589 total rigs, according to Baker …

BP is looking to sell up to 49% of its U.S. natural gas pipeline network in a deal that could fetch up to $3 billion, Reuters reported on Friday, citing anonymous sources with knowledge of the plans. The potential sale would be part of BP’s efforts to reduce its net …