The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout from President Trump’s trade war, which has weakened consumer confidence and pushed oil prices down. U.S. crude prices slipped below $60 a barrel this week, a threshold below which many companies cannot make…
The United States and Ukraine announced on Wednesday the creation of a new reconstruction and investment fund, formalizing an economic agreement between the two countries that is intended to give the U.S. access to proceeds from Ukraine’s reserves of rare earth minerals. The agreement concludes months of fraught negotiations over whether the United States will…
The melting Arctic icecap. Record-smashing wildfires across several provinces. A country that, on average, is warming at twice the rate of the rest of the world. And yet, as Canadians go to the polls Monday, climate change isn’t even among the top 10 issues for voters, according to recent polling. “That’s just not what this…
Officials in the United States are urging Japan and South Korea to make a formal commitment within the next few weeks to a $44 billion natural gas project in Alaska. The effort, known as Alaska L.N.G., is a centerpiece of President Trump’s energy agenda, and aims to ship gas from northern Alaska in a liquefied…
President Trump last week issued executive orders designed to revive the use of coal in power plants, a practice that has been steadily declining for more than a decade. But the effort is likely to fail, energy experts said, because the fossil fuel faces some critical hurdles. The power that coal plants produce typically can’t…
Oil is trading at its lowest level in nearly four years. Costs are rising. And Wall Street is growing more worried by the day that President Trump’s trade policies will tip the United States into a recession. The reaction in the oil patch? Silence, mostly. Oil and gas executives, eager to stay in Mr. Trump’s…
U.S. oil prices fell sharply, briefly dipping below $60 a barrel on Sunday — their lowest level in almost four years — as the economic fallout from President Trump’s latest round of tariffs reverberated around the world. Crude oil now costs around 15 percent less than it did last Wednesday, just before Mr. Trump revealed…
Tariff threats. Growing uncertainty about the economy. And a push for much lower oil prices. For all of their bravado about U.S. energy dominance and enthusiasm for deregulation, American energy executives are beginning to worry about President Trump’s agenda. Their concerns crept into conversations in hotel meeting rooms and over private meals this week in…
President Trump’s cabinet has been busy rolling back of regulations that will make it far easier to extract and produce fossil fuels. But who will buy them? Nearly everyone, it turns out, particularly under the threat of tariffs. At an annual energy-industry conference in Houston, executives spoke openly about how companies from around the world…
The U.S. power grid added more capacity from solar energy in 2024 than from any other source in a single year in more than two decades, according to a new industry report released on Tuesday. The data was released a day after the new U.S. energy secretary, Chris Wright, strongly criticized solar and wind energy…