News Powered By AI
News Powered By AI
Norway’s Equinor nearly doubled profits to $11.5bn in the second quarter, driven by elevated oil and gas prices resulting from geopolitical tensions affecting global energy supplies.
The United States supplied approximately 93% of global liquefied natural gas growth in 2025, exporting 5.2 trillion cubic feet and cementing its position as the world’s largest LNG exporter with a 25.4% market share.
U.S. oil drilling activity declined this week as crude prices fell below $100 per barrel, with active oil rigs dropping to 450 amid broader energy market adjustments.
Crop prices have reached three-year highs due to the Strait of Hormuz closure and regional conflicts, threatening to drive up supermarket prices globally and potentially trigger a food crisis.
Britain’s energy operator warns of tight power supplies as a third heatwave hits the UK, requesting extra generation capacity for Thursday evening’s peak demand period.
Environmental groups sued Iowa’s Department of Natural Resources over permits allowing toxic metal discharge from a coal ash landfill, alleging violations of federal clean water standards and failure to require timely pollution cessation.
