The European Union is preparing to impose up to €100 billion ($113 billion) in tariffs on US goods if trade talks fail, according to a new report by Bloomberg this morning. The draft list of retaliatory measures will be circulated to member states as early as Wednesday, with a one-month consultation period before finalization. “These import taxes...Continue Reading

Orsted Warns Offshore Wind Continues To Face Challenges | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – May 07, 2025, 3:00 PM CDT Orsted’s core earnings, or EBITDA excluding new partnerships...Continue Reading

Tesla’s China-made vehicle sales dropped sharply in April, bucking the trend of strong growth among major Chinese EV competitors, according to CNEVPOST. According to the China Passenger Car Association (CPCA), Tesla sold 58,459 vehicles last month (including exports), down 5.96% year-over-year and 25.84% from March’s 78,828 units. From January to April, Tesla China’s total sales fell...Continue Reading

Is It Time to Unlock the Great Lakes’ Wind Power Potential? | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – May 07, 2025, 2:00 PM CDT Ontario’s...Continue Reading

Harbour Energy has slammed the government’s “punitive fiscal position” as it announced plans to cut 250 jobs in Aberdeen. The London-listed company, which is the largest oil and gas producer in the North Sea, blamed the Energy Profits Levy and a challenging regulatory environment for the decision. It also noted delays in the ramp-up of...Continue Reading

Rockefeller Foundation Launches Scheme to Close Coal Plants in Emerging Markets | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – May 07, 2025, 12:30 PM CDT The Rockefeller Foundation is launching...Continue Reading

How an India-Pakistan War Could Derail Central Asia’s Future | OilPrice.com James Durso James D. Durso is the Managing Director of Corsair LLC, a supply chain consultancy. In 2013 to2015, he was the Chief Executive Officer of AKM… More Info Premium Content By James Durso – May 07, 2025, 12:00 PM CDT A war between...Continue Reading

Energy Transfer Aims for FID on Lake Charles LNG Project by End-2025 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 07, 2025, 11:30 AM CDT Energy Transfer is targeting a final investment decision on its Lake Charles LNG export project in Louisiana by the...Continue Reading

U.S. Freeport LNG Export Plant Set to Resume Service After Outage | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 07, 2025, 10:30 AM CDT Freeport LNG in Texas is set to take more feedgas on Wednesday in a sign that the U.S. liquefied natural...Continue Reading

Crude oil inventories in the United States saw a decrease of 2 million barrels during the week ending May 2, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading down prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American...Continue Reading