Over the past couple of years, the nuclear energy sector has enjoyed a renaissance in the U.S. and many Western countries thanks to the global energy crisis triggered by Russia’s war in Ukraine, high power demand and nuclear’s status as a low-carbon energy source. Uranium demand has soared thanks to a series of policy "U-turns" with governments from Japan to Germany revising plans to phase out nuclear power. Uranium spot prices hit an all-time high of $81.32 per pound in February, double the level 12 months prior. According to the World ..read more

The biggest solar equipment manufacturers in China, which have been grappling with overcapacity, very low prices, and losses for more than a year, have taken a leaf out of OPEC’s market-management book in their efforts to curb excess capacity. OPEC has perfected the art of supply management through the decades to influence market conditions and sentiment. Whenever they feel they need to restrict supply to boost oil prices, OPEC producers – and in recent years, several non-OPEC producers led by Russia – agree to reduce production ..read more

Carbon could become a trillion-dollar asset class by the middle of the next decade, as governments and companies increasingly turn to market mechanisms to control greenhouse gas emissions (GHGs). The Middle East, which produces some 30 percent of the world's petroleum, is increasingly taking notice. As carbon becomes an important factor in global trade, the region’s governments and companies are turning to markets to help them meet targets and transform their economies.   Inevitable expansion Carbon is traded in national or regional ..read more

Cuba has increasingly been falling into an energy crisis, which has plunged its citizens into darkness with uncertainty over the future of the country’s energy security. The most recent crisis commenced on the 17th of October when non-essential workers were ordered to go home to help reduce the demand for power. However, this attempt failed and one of Cuba’s main power stations, Antonio Guiteras, shut down, alongside several other facilities.  Much of Cuba’s energy system is outdated, and years of underinvestment make it ..read more

Crude oil inventories in the United rose by 499,000 barrels for the week ending November 29, according to The American Petroleum Institute (API). Analysts had expected a draw of 1.30 million barrels.   For the week prior, the API reported a 1.232-million barrel build in crude inventories.   So far this year, crude oil inventories have fallen by roughly 3.4 million barrels since the beginning of the year, according to API data.     On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic ..read more

Iran spent decades building the so-called axis of resistance, its network of regional armed proxies, Tehran-backed militant groups, and allied state actors. The network was the lynchpin of Tehran's efforts to deter Israel and the United States and exert its influence across the Middle East. But the fall of the government of Syrian President Bashar al-Assad, an ally of Tehran, has done irreparable damage to the network, analysts say.For Iran, Syria provided a crucial land corridor to the Levant that was considered the logistical backbone of the ..read more

ExxonMobil is shifting into high gear with its P’nyang gas field in Papua New Guinea (PNG), fast-tracking the project by “years sooner than previously envisaged”. This acceleration comes as the supermajor doubles down on its ambitious plans to expand its LNG portfolio to 40 million tons annually by 2030. The P’nyang field, holding a staggering 4.4 trillion cubic feet of gas, is key to keeping PNG’s LNG industry humming. With groundwork starting as early as April-June 2025, Exxon is advancing its concept select phase ..read more

CME Group Inc., the parent company of COMEX, the leading U.S. exchange for gold and silver futures, will introduce a one-ounce gold futures contract in January. This move comes in response to soaring demand from retail investors, spurred by gold's record-breaking rally this year from $2,000 to $2,630—a respectable 32% gain. Smaller-sized gold products have grown increasingly popular among retail investors seeking exposure to precious metals and greater diversification in their portfolios. Jin Hennig, CME's Global Head of Metals, described ..read more

If you think LNG is America’s energy darling, think again. Two major Gulf Coast projects—Venture Global's CP2 and Commonwealth LNG—are stuck in limbo as the U.S. Department of Energy (DOE) says its hands are tied until the Federal Energy Regulatory Commission (FERC) finishes environmental reviews. This isn’t just bureaucratic red tape; it’s a tug-of-war between energy expansion and environmental scrutiny. FERC recently yanked Venture Global’s construction go-ahead for CP2, demanding another environmental review ..read more

Via Metal Miner ThyssenKrupp Steel (TKS) recently announced plans to cut up to 11,000 positions. In a blow to the struggling EU steel market, the German steelmaker stated it would also reduce rolled production by an average 23%. “This is the company’s response to the further consolidation of fundamental and structural changes in the European steel market and in key customer and target markets,” the steelmaker said in a November 25 announcement. “Increasingly, overcapacity and the resulting rise in cheap imports, particularly ..read more