In the News

Chevron plans to lay off up to 20 percent of its workforce by 2026, offering buyouts and restructuring leadership to cut costs and improve efficiency.

Middle East tensions escalate as Trump’s policies spark conflicts with Hamas, Iran, and OPEC+, raising fears of war and rising oil prices

U.S. power demand is projected to break records in 2025 and 2026, with rising electricity use from AI, cryptocurrency, and renewable energy expansion.

BP announces a major strategy reset as profits fall by 35 percent, with CEO Murray Auchincloss promising cost cuts and improved financial performance.

BP shares surged 7 percent after reports of Elliott Management’s stake, fueling speculation about leadership changes and a revised corporate strategy.

Trump reinstates his maximum pressure campaign on Iran, targeting oil exports while hinting at a new nuclear deal. Iran continues oil shipments despite sanctions

Ukraine raises gas imports from Hungary, Slovakia, and Poland to offset Russian missile attacks that have disrupted energy infrastructure.

Estonia, Latvia, and Lithuania have fully disconnected from Russia’s power grid and joined the EU system, strengthening their energy security and independence.

TotalEnergies U.S. LNG investments are growing with planned expansions at Cameron LNG and Rio Grande LNG, reinforcing its leadership in the American LNG market

U.S. oil output in the Permian Basin is expected to slow in 2025, as industry leaders focus on profitability rather than aggressive expansion.