Oil prices have recently risen significantly due to new U.S. sanctions against Iran, focusing on the Brent and West Texas Intermediate (WTI) crude futures market. Brent crude futures climbed by $1.18 or 1.8%, reaching $67.44 per barrel. Meanwhile, WTI crude went up by $1.23 or 2%, closing at $64.32
The U.S. oil industry is witnessing a pivotal shift, driven by industry decisions that prioritize shareholder returns over increased production. This strategic move has led to a notable decrease in the number of active oil rigs, reflecting broader market dynamics and corporate priorities.
Recent comments by Don Moul, CEO of the Tennessee Valley Authority (TVA), have reignited national debate regarding the future of coal-fired power plants amidst ongoing climate concerns. Moul's suggestion that TVA might extend the operation of its coal plants past their initially planned 2035
In a defining moment for the maritime industry, the spotlight is on the U.S. Gulf Coast's first marine liquefied natural gas (LNG) fuel facility. Amid stringent environmental regulations, this development signifies a critical move toward cleaner fuel solutions. By exploring market trends and
In a rapidly changing global energy landscape, the focus on nuclear power investments has reached a critical point, emerging as a pivotal component in transitioning toward sustainable energy solutions. Nuclear power offers numerous advantages such as reliability and low carbon emissions. However,
The U.S. LNG sector has transformed in recent years, marking the nation's transition from a net importer to a global export leader. At over 91.3 million tonnes per annum, the U.S. boasts the world's largest LNG export capacity. Plans to triple this capacity by the decade's end emphasize this
