Is The UAE’s Gas Gamble in Syria A Triple Win for Washington?
The US and Great Britain are ramping up their efforts to secure the strategic advantage they created for the West in the Middle East by removing Russia’s key man in Syria, Bashar al-Assad, in December. A critical part of the political, economic, religious, and security fabric of the Middle East, it
How Soaring Energy Demand Helped Push Bitcoin Below $90,000
Bitcoin dropped below $90,000 on Monday for the first time since April, touching an intraday low of $89,426 before closing near $91,200. The decline marked a more-than 20% retreat from the cryptocurrency’s October peak above $126,000 and has erased all of its gains for 2025. While broader market fac
AI’s Energy Appetite Is Forcing a Grid Transformation
Artificial Intelligence, electrification, and the exponential growth of renewable energies are transforming electric grids around the world. In order to keep up with these massive changes, electric grids and the supply chains that support them are due for some critical updates and adaptations. Utili
US Crude Oil Inventories Continue to Rise as Production Hits New High
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large build of 4.4 million barrels in the week ending November 14. Crude oil inventories gained 1.3 million barrels in the week prior. Crude oil inventories in the United States are so far showing
China Tests Floating Devices That Turn Raindrops into Electricity
Chinese scientists have built and tested a floating droplet electricity generator (DEG) to turn the kinetic energy of raindrops into renewable power. Unlike conventional DEGs, which are used on land and are heavier and costlier, the floating device developed by researchers at the Nanjing University
New Tech Drives Renaissance in Offshore Drilling
Technology improvements are driving a renaissance in offshore drilling in the United States. And it’s not a moment too soon, as many analysts believe shale is nearing its peak. Also, with the energy transition not going as fast as hoped, some new oil and gas supply would come in quite handy. Earlier
Exxon Joins Chevron in Eyeing Lukoil’s Global Fire Sale
Exxon is now circling the same distressed prize Chevron has been eyeing: chunks of Lukoil’s global portfolio, suddenly up for grabs after Washington loosened the legal chokehold on the sanctioned Russian major. Multiple sources say Exxon is actively weighing options to acquire Lukoil assets in Kazak
Solar Energy Market Set To Grow to $1.6 Trillion by 2034
The global solar energy market, driven by a push for carbon reduction and sustainable power generation, is projected to quadruple its valuation over the next decade, despite persistent challenges related to power generation variability, according to a new report from Allied Market Research. The repo
Syria’s Gas Gambit Brings ConocoPhillips Back Into Play
Syria has just put a big Western flag in its gas patch. The state-owned Syrian Petroleum Company has signed a memorandum of understanding with ConocoPhillips and U.S.-based Novaterra to develop existing gas fields and hunt for new ones, in a bid to drag the country’s power sector out of wartime ruin
De-Dollarisation Strategy Fuels Massive Unreported Gold Purchases
One year ago, Goldman's precious metal analyst Lina Thomas made the case that gold would rise to $3000 by the end of 2025 (it ended up rising more than $1000 higher) as a result of relentless central bank purchases in general, and thanks to China's ravenous appetite for gold in particular. The bank