Renewed U.S. strikes and Iranian attacks on shipping have reversed the Strait of Hormuz’s fragile recovery and heightened regional security risks.
Despite recent growth, US coal production is experiencing a steady, long-term decline as utilities shift to gas, wind, and solar.
Australia and India’s leaders also pledged to strengthen defence ties following Beijing’s ballistic missile test earlier this week.
‘This is the time to be bullish on U.S. refining,’ an executive at Phillips 66 says.
It comes amid a fragile shipping recovery in Hormuz, where traffic remains subdued and security threats continue despite the ongoing U.S.-Iran ceasefire.
The threat level remains ’substantial' despite the U.S.–Iran truce, as a fleet of 10 Japan-linked ships exited the strait after a long delay, authorities said.
The United States has become the first country in the world to achieve criticality in three unique advanced microreactor designs within a month.
Seven OPEC+ countries have agreed to increase oil production to reverse cuts made in 2023.
Generator outages and skyrocketing air-conditioning use forced conservation in the Mid-Atlantic region and cancellations of some July 4 celebrations.
Falling crude prices are translating into relief at the pump before the Independence Day weekend, with Trump pressing retailers to cut prices even faster.
The proposed changes are expected to make it easier and faster to build new nuclear reactors.
With heavy investment in artificial intelligence, future copper demand will be ‘staggering,’ according to a veteran natural resources investor.
One market analyst said prices are ‘vulnerable to another $20 decline.’ The war in Iran has been the primary driver of volatility.
The president’s warning came amid falling crude oil prices and after he accused gas stations of price gouging.
A new chapter in Australia’s water debate has just opened up: critical minerals.
A federal appeals court upheld the soot rules on coal plants in a blow to the Trump administration’s EPA’s deregulatory agenda.
With third novel reactor set to achieve criticality and meet President Donald Trump’s July 4 challenge, the future is now for the U.S. nuclear industry.
The regulations can lead to ‘significant negative supply and price impacts,’ four nations warned the EU.
Improving oil flows through the Strait of Hormuz have pushed Brent crude below levels seen before the conflict erupted.
The funds will reduce construction costs, cover large equipment purchases, and accelerate the rollout of new nuclear reactors, officials said.