Among the sanctioned entities is the Zhoushan Jinrun Petroleum Transfer Co., a China-operated oil terminal located within the greater Zhoushan port area.

With rising power demand driven largely by the explosive growth in data center development and AI workloads, officials across the Energy Department, the White House and the Federal Energy Regulatory Commission made urgent calls for grid modernization, faster permitting and better cost allocation mechanisms.

Meanwhile, the US Department of the Interior (DOI) has announced the end of special treatment for “unreliable” energy sources such as wind.

The German energy group Uniper and the Canadian gas producer Tourmaline have signed a long-term natural gas supply agreement for 6.6 bcm over 8 years starting in November 2028.

The fusion power plant will be located in Chelan County, Washington, on land leased from the Chelan County Public Utility District.

After meeting the president in the resort to finalize the deal, European Commission President Ursula von der Leyen confirmed the EU and the US will increase their "energy cooperation."

The budget reconciliation bill signed by Trump on July 4 accelerates the four-year phaseout of the 48E investment tax credit and 45Y production tax credit to begin in 2028, from 2032.

Project Pele was launched in 2019 with the objective of designing, building, and demonstrating a prototype mobile nuclear reactor within five years.

The Senate may vote Monday on its own version of a spending package that would phase out key subsidies for wind and solar sooner than expected, and also adds a new tax.

U.S. crude oil output rose to 13.49 million barrels per day in March, up from 13.16 million bpd in February and the prior all-time high of 13.45 million bpd in October 2024.

The then US President Joe Biden's Prohibiting Russian Uranium Imports Act came into force in August 2024 and lasts until 2040.

The aim is to increase US nuclear energy capacity from 100GW to 400GW by 2050,

With prices linked to Henry Hub, market sources suggested that the cargoes are likely coming from the US. This is likely the first US LNG SPA signed by a Chinese company since the announcement of China's tariffs on US LNG.

The essential role of rare earths is as a multiplier, especially in energy applications. In their absence, they move from multiplier to decelerator, especially for renewables.

Overall delivery of US LNG shipments in the first quarter of 2025 fell by 70%, according to Chinese official custom data released on Sunday.