Chinese liquefied petroleum gas buyers have prompted a price surge as they scramble to replace US supplies of the widely used fuel following Beijing’s tough response last week to Washington’s punitive tariffs. Buyers are trying to swap US cargoes that have already been purchased with alternatives, including LPG from the Middle East, traders said. But...
China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global stock market rout. In the standoff between the world’s top two economies, Beijing also announced controls on exports of some rare earths and...
Nations once relegated to the margins of economic discourse are now sprinting toward prosperity, their trajectories propelled by a single, unifying force: energy. Energy is indispensable. From the huge AI data centers in the U.S. to the mega-scale manufacturing factories in China, affordable and dependable energy supplies make all the difference between living and thriving....
Innovation, investment, and the cleanest possible energy production thrive best in freer markets that encourage competition instead of having politicians pick winners and losers. That, in a nutshell, is the lesson of the latest Free Economies are Clean Economies report.
Gilkes Energy has received Section 36 planning consent from the Scottish government’s Energy Consents Unit for its Earba storage project, a pumped storage hydro (PSH) initiative at Loch Earba. With an installed capacity of 1.8GW and a storage capacity of 40 gigawatt hours (GWh), it will become the largest PSH project in the UK, capable...
Record nuclear power production is helping South Korea to cut imports of thermal coal and LNG to multi-year lows so far in 2025, offering a potential blueprint for other power-hungry nations looking to curb reliance on fossil fuel imports. Nuclear reactors have generated more electricity than South Korea’s coal and natural gas-fired plants since September...
EU Climate Commissioner Wopke Hoekstra is considering options to soften the bloc’s 2040 climate goal as he tries to contain a backlash against Europe’s climate ambitions. The European Commission, the EU’s executive, is expected to propose legislation in the coming weeks to adopt a previously announced target to cut 90 percent of greenhouse gas pollution...
he European Commission is considering changes to EU energy laws as part of its next package of proposals to cut the regulatory burden for struggling industries, sources familiar with the matter told Reuters. Brussels has launched a drive to remove layers of bureaucracy that European businesses say set them at a disadvantage against China and...
Decarbonising the steel industry is one of the massive challenges in meeting climate goals, but could end up being extremely profitable for companies and governments prepared to take the risks. The steel value chain accounts for 7% to 9% of global carbon emissions, the largest single industrial contributor and thus a prime target for the...
South Korea and the United States have reportedly reached an understanding to remove South Korea from the U.S. Department of Energy (DOE)‘s “sensitive countries and other designated countries list” (SCL). Sources revealed on March 21 that South Korea, as a long-time ally, argued for its removal to ensure continued cooperation in nuclear energy and scientific...
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