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Russia, one of the world's largest oil producers and exporters, is now rationing gasoline in its own capital. After months of increasingly successful Ukrainian drone strikes on Russian oil infrastructure, gasoline shortages have emerged in Moscow, forcing major fuel retailers to limit sales while authorities scramble to keep supplies flowing. The shortages follow repeated attacks on refineries and fuel infrastructure that have steadily chipped away at Russia's refining system. The latest blow came this week when Ukraine struck Gazprom Neft's Moscow…
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A high-stakes push-and-pull is taking place in the United States clean energy sector as state-level laws, federal-level policy, and that infamous invisible hand all tug in different directions. A staggering amount of different legal actions on the part of the Trump administration, the judicial system, and state politicians have created an incredibly complex landscape for clean energy adoption across the country. And while the economics of renewables are looking better than ever, the political positioning of the clean energy transition is looking…
Oil prices rose as delayed US-Iran negotiations and slower tanker traffic through Hormuz renewed supply concerns.
When it comes to Helium-3, the biggest cost divide is between Earth and the Moon. Potential sources range from tritium decay and terrestrial helium wells on Earth to lunar regolith on the Moon. Today, Earth-based sources remain far easier and cheaper to access. This graphic, created by Visual Capitalist's Cody Good in partnership with Pulsar Helium, compares major potential sources of Helium-3 by cost, scalability, and accessibility. It’s part three of four in the Helium 3: From Theory to Opportunity series, delivering key He-3 insights for…
BP is still considering a sale of all or part of its UK upstream portfolio, which could fetch around £2 billion ($2.7 billion), though talks of a sale to Ithaca Energy fell through earlier this month, according to reports by Bloomberg and the Financial Times. We think the information is credible. A sale would fit the group’s strategic direction, and the company is an outlier in the UK, where other majors have either sold down or formed joint ventures. At the same time, BP has been pushing aggressively on the exploration front since…
The Middle East's latest peace deal just got a peace deal of its own. Israel and Hezbollah agreed Friday to halt fighting in southern Lebanon after days of escalating clashes threatened to derail the fragile US-Iran peace process, reducing the risk that the first major test of the U.S.-Iran agreement would turn into its first major failure. Negotiations between Washington and Tehran are supposed to begin under a 60-day framework agreement designed to end the war, reopen the Strait of Hormuz, and eventually restore millions of barrels per day of…