Goldman Sachs expects OPEC+ to raise oil production quotas by 140,000 barrels per day for November, it said on Tuesday, ahead of the group’s meeting on Sunday. It said, however, a larger production hike was also plausible, citing factors including an only modest increase in OECD commercial stocks in Europe and Asia. Total inventories remain...
Call it a nuclear moonshot: The U.S. aims to deliver a reactor to the lunar surface and beat a push by China and Russia to do the same. In August, NASA Acting Administrator Sean Duffy directed the agency to fast-track an effort to land a reactor on the moon by late 2029. The agency wants...
The United States faces a growing strategic challenge: China has emerged as the world’s dominant energy financier, outpacing the U.S. nearly ten-to-one in global markets and establishing itself as a primary partner in key nations like Brazil. This first-of-a-kind analysis of U.S. and Chinese energy finance shows that, since 2015, China has outpaced the U.S. by more than 100x in public energy finance in Brazil, $60B to $472M.
During Trump’s visit, the United States and the United Kingdom are expected to sign several nuclear power deals under the Atlantic Partnership for Advanced Nuclear Energy.
The Australian government said on Wednesday it would invest A$1.1 billion ($735 million) in the development of a low-carbon fuels industry, a move welcomed by farm groups, who hope it will boost demand for biofuel feedstocks like canola and sugarcane. The money, to be released over 10 years from 2028, is intended to stimulate private...
The UK and US are set to sign an agreement focused on accelerating the development of nuclear power. The agreement aims to generate thousands of jobs and strengthen Britain’s energy security. It is expected to be signed off during US President Donald Trump’s state visit this week, with both sides hoping it will unlock billions...
The United States wants to expand its energy ties with Greece, U.S. Interior Secretary Doug Burgum said during a visit to Athens on Thursday, as the Trump administration works to further reduce Russia’s oil and gas supplies to Europe. Burgum has been in Europe this week aiming to seal energy supply deals, which the U.S. hopes will...
A new 35-year study of the Brazilian Amazon presents a stark message for businesses and policymakers: local deforestation, not just global climate change, is responsible for the majority of regional rainfall loss—especially during the critical dry season. Covering 29 regions across the Brazilian Legal Amazon, the study reveals that around 74% of the 21-millimeter decline in...
Italy and the United States on Monday vowed to deepen energy ties including through increased exports to Italy of liquefied natural gas (LNG), as Europe continues to seek alternatives to Russian energy supplies following Moscow’s invasion of Ukraine. Italian Energy Minister Gilberto Pichetto Fratin and U.S. Interior Secretary Doug Burgum, after talks in Rome, pledged...
Russia is expanding its natural gas pipeline network into China, a move that could challenge America’s growing business of shipping liquefied natural gas. Russian energy company Gazprom said on Tuesday that Russia had signed a binding deal to build a pipeline from Russia to China through Mongolia. The pipeline, known as Power of Siberia 2,...
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