(Reuters) – U.S. President Donald Trump said on Sunday he will introduce 25% tariffs on all steel and aluminum imports into the United States, on top of existing metals duties, in another major escalation of his trade policy overhaul. Here’s a summary of the major trade partners it will affect. Steel Roughly a quarter of all …
Where Does the U.S. Get Its Steel and Aluminum From? Read More »
Reducing crude output has the potential to inflict real pain on US refiners and consumers. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. Canada is in that awkward position where a …
COMMENTARY: Weaponizing Canadian Oil Would Rattle Trump Read More »
Developers fear the US president may seek to block solar and wind projects. Renewable-energy developers knew US President Donald Trump preferred oil and gas to solar and wind — and long opposed offshore turbines. But they were hoping he wouldn’t throw roadblocks in front of other clean-power projects. After the last week, they’re not so …
Trump’s Renewables Permit Flip-Flop Unsettles Sector Read More »
HOUSTON, Feb. 07, 2025 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported fourth-quarter and full-year 2024 results, announced 2025 guidance and provided the following highlights: 2024 Results Fourth-quarter and full-year 2024 Net income attributable to PAA of $36 million and $772 million, respectively, and 2024 Net …
China’s top economic planning agency said on Sunday it was taking steps to scale back subsidies for renewable energy projects after a boom in solar and wind power installations. China broke its own records for new solar installations in 2024 with installed capacity up 45% from the previous year. China now has almost 887 GW …
China to Roll Back Clean Power Subsidies After Boom Read More »
Heavy Industrial Traffic Damages Roadway In Cold Lake, Alberta, a project site experienced extremely heavy industrial traffic, with 1,200 to 1,500 40-kip axle loads daily. The project owner initially applied a 4-inch (10 cm) lift of cold mix over a prepared subgrade to address persistent maintenance challenges. The cold mix was intended to reduce dust …
Lyondell Basell Industries completed the final shutdown of its 263,776 barrel-per-day Houston refinery, people familiar with plant operations said on Friday. Lyondell began the previously announced shutdown of the refinery on January 27. Lyondell, in an emailed statement on Friday night, declined to discuss the status of the refinery. Some units at the refinery are …
Lyondell Completes Shutdown of Houston Refinery, Sources Say Read More »
Activist investor Elliott Investment Management has built a stake in oil major BP, a source familiar with the matter told Reuters on Saturday. The source did not provide the size of the stake. U.S.-based Elliott is seeking to boost shareholder value by urging BP to consider transformative measures, Bloomberg News reported earlier on Saturday, calling …
Activist Elliott Builds Stake in Oil Major BP, Source Says Read More »
Gas will be stored on coast before being pumped below seabed Technology to trap and bury CO2 remains complex and costly The first ship in a 30 billion-kroner ($2.7 billion) plan to store emissions under the North Sea arrived in Norway as the country seeks to transform nascent carbon-capture technology into a commercial business. The Northern …
Norway Gets First Ship to Carry Waste Carbon to Undersea Storage Read More »
From Panama to China and Europe to India, the US president spreads fear and loathing but wins lots of concessions. By Howard Chua-Eoan Howard Chua-Eoan is a columnist for Bloomberg Opinion covering culture and business. He previously served as Bloomberg Opinion’s international editor and is a former news director at Time magazine. Is Trump Really …
