Electric Vehicle Import Policy Under Scrutiny
The Biden administration deliberates increasing tariffs on Chinese electric vehicles, reviving discussions on trade regulations.
Major Oil Corporations Bid for Gulf Drilling Rights
Energy giants place offers totalling $382 million to procure drilling areas in the Gulf of Mexico, despite environmental concerns regarding a local whale species.
End-of-Year Stock Surge Hits a Roadblock
Wednesday saw a sharp decline in the S&P 500, marking its most significant drop since late September.
Historic Oil Production Levels in the US Fuel Energy Debates
Despite calls for phasing out fossil fuels, the US achieves a record in oil production amidst political crossfire between environmentalists and the Republican Party.
U.S. Moves to Replenish Strategic Oil Reserves with 3 Million Barrel Purchase
The U.S. plans to buy 3 million barrels of oil for its strategic reserve, part of a strategy to replenish stocks and enhance energy security.
COP28 Faces Tough Debate on Fossil Fuel Phase-Out Amid OPEC Challenge
Intense debate at COP28 over fossil fuel phase-out, as OPEC's opposition clashes with global sustainability goals.
Endeavor Energy Poised for Up to $30 Billion Sale in Oil Sector Shake-Up
Endeavor Energy plans a sale up to $30B, marking a strategic shift in the shale sector amid a wave of industry consolidations.
Ukraine Battles Severe Energy Shortages Amid Record Consumption and Infrastructure Attacks
Ukraine's energy crisis deepens with record consumption and nearly 500 settlements powerless due to attacks and severe weather.
EU to give member states authority to halt Russian gas imports
EU draft grants member states the power to stop Russian and Belarusian gas imports, reinforcing energy security and response to Ukraine conflict.