Energy News Beat In a significant shift amid escalating geopolitical tensions, Indian state refiners have temporarily halted purchases of Russian crude oil this week. This decision comes in response to U.S. President Donald Trump’s threats of imposing 25% tariffs on Indian goods and additional penalties for India’s reliance on Russian oil and military equipment, set […]
Energy News Beat In the rapidly evolving landscape of global energy, China has long been the undisputed leader in solar photovoltaic (PV) and electric vehicle (EV) manufacturing. However, this dominance has come at a cost: massive overcapacity, fierce price wars, and a wave of bankruptcies that threaten the sustainability of these sectors. As of July […]
Energy News Beat As the calendar flips to the end of July 2025, the U.S. dollar has notched its strongest monthly performance since President Donald Trump began his second term in January. According to Bloomberg, the Bloomberg Dollar Spot Index surged by 2.5% this month, buoyed by robust economic data and the administration’s aggressive trade […]
Energy News Beat Data source: Standard International Trade Classification data published by the U.S. Census Bureau Note: Prices are adjusted for inflation. The value of energy trade between the United States and Canada remained steady in 2024 at an estimated $151 billion compared with $154 billion in 2023, according to data from the U.S. Census Bureau. Energy trade value is the […]
Energy News Beat “Following a record-breaking 2024 (the second-highest year ever in terms of order intake), and in an uncertain geopolitical environment, GTT maintained strong commercial momentum in its core business during the first half of 2025,” the company said in its results report. Notably, among the ten LNG carrier orders, six are for ultra-large […]
Energy News Beat Excelerate said on Tuesday it filed a Form 8-K/A with pro forma financial results related to the acquisition of the business in Jamaica. In May, Excelerate completed its acquisition of NFE’s business in Jamaica for $1.055 billion. Are you from California or New York and need a tax break? Under the deal, Excelerate […]
Energy News Beat In a significant shift in energy policy, New Zealand’s parliament has voted to lift the ban on offshore oil and gas exploration, effectively ending a key environmental measure introduced under former Prime Minister Jacinda Ardern in 2018. The legislation, passed on July 31, 2025, with 68 votes in favor and 54 against, […]
Energy News Beat President Trump is poised to make a significant error. This is a massive problem for the Trump adminstration and they need to not put secondary sanctions on India. We do business with China, and they have embedded horrible kill switches and ways to take our grid down. Let’s not sanction India, lose […]
Energy News Beat On Sunday, the United States and the European Union agreed on a new framework for transatlantic trade. The outcome exposes Europe’s open flank – its dependency on foreign energy. It was a home game for U.S. President Donald Trump, albeit on foreign soil, as he and European Commission President Ursula von der Leyen […]
Energy News Beat As Europe grapples with another scorching summer, extreme heat waves are not just testing human endurance but also straining critical infrastructure. In early July 2025, soaring temperatures led to the shutdown of two nuclear reactors in the EU—one in France and one in Switzerland—highlighting vulnerabilities in nuclear power systems reliant on river […]
