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Jaguar’s Electric Ambitions Take Shape with Type 00 Reveal
Jaguar has revealed the first look at its new luxury electric car following a backlash over its recent rebranding. The iconic Britich carmaker sparked criticism last month after switching up its logo to ‘JaGUar’ and launching an ad which included slo…
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US Treasury Tightens Focus on Iran’s Oil Networks
The U.S. Treasury Department announced a new wave of sanctions on Iran’s energy sector, focusing on oil exports and financial networks that enable Tehran to bypass existing restrictions. These measures are aimed at addressing the country’s continued…
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Uncertainty Looms Over Aluminum Prices as Chinese Exports Face New Tariff
Via Metal Miner A much-reported but little-understood development in the aluminum market this month has the potential to significantly alter the supply chain landscape for aluminum semi-finished metals in the year ahead. Beyond that, it could have se…
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De Beers’ Historic Price Reduction Signals Diamond Market Woes
A new report says the collapse in rough diamond prices has prompted the world’s largest producer to implement broad price cuts. Bloomberg reports that De Beers’ final sale of rough diamond stones on the secondary market was led by a 10% to 15% price…
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Chris Wright’s Nomination: A Challenge to Conventional Climate Wisdom
Donald Trump’s nomination of Chris Wright as Secretary of Energy has sparked significant debate, with environmental groups labeling him a “climate skeptic” or “climate denier” regarding his views. However, a closer examination of Wright’s publicly st…
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U.S. Crude Oil, Product Inventories Increase As WTI Jumps to $70
Crude oil inventories in the United rose by 1.232 million barrels for the week ending November 22, according to The American Petroleum Institute (API). Analysts had expected a draw of 2.06 million barrels. For the week prior, the API reported a 4.753…
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Brits Pay Billions To Waste Wind Energy
Wind power is the leading technology of the energy transition in the UK. It is the basis for the transition shift championed by the Starmer government—and it is failing because the grid operator is having to pay hundreds of millions to wind turbine o…
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China Is Weaponizing This Metal Crucial To The U.S. Military
China’s dominance in Rare Earth metals is hard to ignore, But for one lesser-known metal that fuels the U.S. defense sector, China’s grip is so tight that the U.S. now finds itself desperately scrambling to discover and develop friendly new resources…
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OPEC Secrecy Isn’t Helping Its Exit Strategy from Production Cuts
This week, the OPEC+ group is meeting to discuss when and how to begin easing the ongoing production cuts. The alliance looks to have dug itself deeper into a position between a rock and a hard place, again. Although they are not publicly admitting i…
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Meta Joins Race for Nuclear Power
Meta, the owner of Facebook, has officially joined the race for nuclear power generation to secure the energy supply for its artificial intelligence ambitions. In a news release, the company said it was looking to contract developers to build between…
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Former GM Manager Takes Helm of Exxon Oil and Gas Business
Dan Ammann, the former president of General Motors, has been appointed head of Exxon’s oil and gas business, after serving as head of its low-carbon solutions for two years. The appointment of Ammann follows the retirement of the current president of…
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EDF to Run Four of the UK’s Five Nuclear Power Sites Longer Than Planned
In a boon to the UK’s energy security, EDF has announced it would keep four of Britain’s currently five nuclear power plants operating for longer than previously planned. Following a months-long review, the French energy giant which operates the plan…
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China Could Approve 100 New Nuclear Reactors by 2035
China could keep the pace of approving at least 10 new nuclear reactors over the next 10 years, a domestic industry group says, as the country has been accelerating the approval and construction of nuclear power plants over the past few years. China…
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Aramco, SLB, and Linde to Build One of the World’s Top Carbon Capture Hubs
Saudi state oil giant Aramco is teaming up with the world’s largest oilfield services provider, SLB, and the world’s largest industrial gases company, Linde, to build a carbon capture and storage (CCS) hub in Saudi Arabia, which will be one of the la…
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South African Court Rules Plans for New Coal Capacity Are Unlawful
The High Court of South Africa has ruled that government plans for new coal-fired power capacity are unlawful as they violate the constitutional right to health. South Africa’s government has planned to seek 1.5 gigawatts (GW) of new coal-fired elect…
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Crypto’s Complex Journey in Central Asia
Cryptocurrency ownership is gaining popularity across Central Asia and the Caucasus, according to a report prepared by a group of financial services companies. Uzbekistan has the highest adoption rate for crypto assets in the regions and ranks 33rd g…
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Trafigura Oil Bribery Court Case Opens In Switzerland
Oil and commodities trading powerhouse Trafigura Group and three other defendants went on trial on Monday in Switzerland’s top criminal court over allegations of bribery. According to Reuters, Trafigura has been charged for failing to take all reason…
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U.S.-Based Semiconductor Company Tied to Russian Military Supply Chain
A Chinese company that owns a California manufacturing plant has sent hundreds of shipments of restricted dual-use electronics to Russia since the Kremlin’s invasion of Ukraine, including to sanctioned companies with ties to the Russian military. At…
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Panama Delists 6 Flagged Ships over UK Russia Sanctions
Panama will cancel the registration of six ships sailing under its flag after they were sanctioned by the UK last week. The delisting comes after Panama’s maritime authority in October pledged to penalize vessels sanctioned by the U.S., European Unio…
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Trump’s Tariff Threats Trigger Surge in Chinese Exports
Anticipating that President-elect Donald Trump will fulfill his promise of a 25% tariff on all imports from Mexico and Canada and an additional 10% tariff on imports from China, importers are frontloading freight before the tariff wall takes effect i…
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