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Global Energy Investment Set to Hit Record $3.3 Trillion in 2025, IEA Says

(Reuters) – A surge in clean energy spending is expected to drive a record $3.3 trillion (2.89 trillion euros) in global energy investment in 2025, despite economic uncertainty and geopolitical tensions, the International Energy Agency (IEA) said on Thursday. Clean energy technologies, including renewables, nuclear, and energy storage, are set to attract $2.2 trillion in …

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Trump’s China Ethane Export Curbs are Another Exercise in Self-harm

Ron Bousso Summary Trump administration seeks licence for ethane exports to China China accounts for 46% of US ethane exports Ethane is used to produce plastics LONDON, June 5 – The Trump administration’s latest efforts to curb U.S. petrochemical exports to China could end up hurting the U.S. energy sector just as much, or more, …

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CEO Seeking to Puild Pennsylvania LNG Terminal Meets With White House

The CEO of a company seeking to build a liquefied natural gas terminal near Philadelphia told Reuters on Wednesday he met officials at the White House this week to “provide intelligence” about the project in the works for years despite local opposition. Penn America Energy Holdings wants to export 7.2 million tons a year of …

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Oil Steady After US Stockpile Build, Saudi Arabia Price Cuts

Summary US gasoline, distillate stocks post big weekly builds Saudi Arabia cuts prices for Asian crude buyers to 2-month low Bearish economic outlook weighs on oil prices, analysts say LONDON, June 5 (Reuters) – Oil prices steadied on Thursday after falling more than 1% the previous day because of a build in U.S. gasoline and …

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