The Department of Defense is preparing for a potential "doomsday" scenario in which America's power grid collapses, supply chains grind to a halt, and military installations are forced to operate for three months without outside support, according to Fox News. The unprecedented plan, branded FORTRESS by Pentagon planners, aims to make major military bases across the continental United States capable of functioning independently for at least 90 days, according to documents obtained by the news outlet. U.S. Air Force airmen and civilian contractors…

While the world moves increasingly closer to reaching its target to triple renewable energy capacity by 2030, this may not be sufficient to meet global climate goals as energy demand is now rising faster than previously expected, the head of the International Renewable Energy Agency (IRENA) says. “We are getting closer and closer to the (target of) 11.2TW by 2030,” IRENA’s Director-General, Francesco La Camera, told CNA on the sidelines of the Singapore International Energy Week. However, the goal, set out during the 2023 COP…

While the world moves increasingly closer to reaching its target to triple renewable energy capacity by 2030, this may not be sufficient to meet global climate goals as energy demand is now rising faster than previously expected, the head of the International Renewable Energy Agency (IRENA) says. “We are getting closer and closer to the (target of) 11.2TW by 2030,” IRENA’s Director-General, Francesco La Camera, told CNA on the sidelines of the Singapore International Energy Week. However, the goal, set out during the 2023 COP…

While the world moves increasingly closer to reaching its target to triple renewable energy capacity by 2030, this may not be sufficient to meet global climate goals as energy demand is now rising faster than previously expected, the head of the International Renewable Energy Agency (IRENA) says. “We are getting closer and closer to the (target of) 11.2TW by 2030,” IRENA’s Director-General, Francesco La Camera, told CNA on the sidelines of the Singapore International Energy Week. However, the goal, set out during the 2023 COP…

The key OPEC+ producers managing their collective oil production are expected to keep quotas unchanged for December when they meet on Sunday, sources familiar with the plans told Reuters on Tuesday. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman have kept their targeted output unchanged after completing in September the phased rollback of 1.65 million barrels per day (bpd) of supply cuts first agreed in 2023. These targets have been only on paper in the past eight months as the Middle East conflict disrupted crude oil supplies…

Russia and Iran are expanding their nuclear cooperation as both countries face Western sanctions and international isolation. Their partnership includes the construction of nuclear power plants, fuel supplies, and broader technological cooperation. While Bushehr, Iran’s first operating nuclear power station, has long been the centerpiece of their relationship, Moscow and Tehran are planning new nuclear facilities and cooperation in other areas of technology, raising questions about the ability of international agencies to monitor Iran’s…

Britain is deciding whether to drill its largest untapped oilfield in the middle of an oil shock, with Brent above 100 and more than 70% of its oil already coming from abroad. Rosebank, west of Shetland, is an £8.7 billion (~11.6 billion) development that its operator says would pump about 69,000 barrels a day at peak, roughly a tenth of the country’s expected oil output. The production vessel has been on site since June, and Ithaca Energy, which owns a fifth of the field, says it will likely stop investing in Britain if the government…

China needs its biggest oil and gas producers to drill more, explore more, and build strategic supply bases as the Iran war forces Beijing to confront an uncomfortable reality: even the world's largest crude stockpile cannot replace a dependable supply of oil indefinitely. China's National Energy Administration has called on PetroChina, Sinopec, CNOOC, and other domestic producers to expand production capacity, increase investment, and accelerate the development of national oil and gas supply bases. The directive, issued following an October 21…

The top executives of U.S. energy startup Polar LNG have all resigned in recent weeks, just six months after the company was launched, amid a controversy over alleged funding and control of the venture’s strategy by Russia’s biggest LNG developer and exporter, privately-held Novatek. The senior managers who left Polar LNG say they resigned in September after learning earlier during the month that Novatek was at least partly funding the U.S. company, which looks to build a project on Alaska’s North Slope. Polar LNG was created…

Oil and gas may be flowing through the Strait of Hormuz again, but the impacts of its months-long closure will be felt for years to come. For Asia, in particular, regulating markets and shoring up energy security to avoid the next energy shock will require trillions of dollars in the coming years as energy demand projection rates continue to rise sharply across the region. When traffic through the Iranian-controlled Strait of Hormuz stopped overnight back in February in response to a military offensive by the United States and Israel, one-fifth…

The average price Americans have paid for gasoline during President Donald Trump's second term has now surpassed the average recorded during Joe Biden's presidency, marking a politically significant milestone just days before the November 3 midterm elections. According to AAA data cited by Reuters, regular gasoline has averaged $3.472 per gallon since Trump returned to office in January 2025, compared with $3.471 during Biden's four-year presidency. The difference is marginal, but it represents a striking reversal for a president who campaigned…

Europe's political elite is belatedly confronting the electoral cost of deindustrialization, as right-wing gains in local elections expose surging voter anger over globalist policies that have crushed the industrial base. The push to curb cheap Chinese imports suggests Brussels is scrambling for political survival, as Nomura analysts recently said elections across the continent over the next year and a half are expected to shift right. Bloomberg reports that the EU is preparing restrictions on imports of chemicals, furniture, and machinery from…

The Middle East conflict has disrupted global energy flows, forcing countries to rethink supply routes and strengthen energy security. As more buyers turn to the spot market to replace disrupted volumes, Rystad Energy estimates that global LNG importers will spend at least $39 billion more on contracted and spot supplies in 2026, despite purchasing 60.7 million tonnes less. Disruptions to Qatari and UAE exports through the Strait of Hormuz are forcing buyers to secure replacement volume at higher prices. Total portfolio costs are expected to reach…

Egypt’s parliament on Monday authorized military support to defend Saudi Arabia, the same day Yemen’s Houthis claimed unconfirmed attacks on pumping stations along the kingdom’s East-West crude pipeline and on Riyadh’s King Khalid International Airport. The Houthis had warned Cairo against the move. Yahya Al Raei, speaker of the Houthi-run parliament in Sanaa, wrote to Egyptian Speaker Hisham Badawy last week that joining the conflict “would pose a grave danger” to Egypt’s national security. The approval…

Egypt’s parliament on Monday authorized military support to defend Saudi Arabia, the same day Yemen’s Houthis claimed unconfirmed attacks on pumping stations along the kingdom’s East-West crude pipeline and on Riyadh’s King Khalid International Airport. The Houthis had warned Cairo against the move. Yahya Al Raei, speaker of the Houthi-run parliament in Sanaa, wrote to Egyptian Speaker Hisham Badawy last week that joining the conflict “would pose a grave danger” to Egypt’s national security. The approval…

Egypt’s parliament on Monday authorized military support to defend Saudi Arabia, the same day Yemen’s Houthis claimed unconfirmed attacks on pumping stations along the kingdom’s East-West crude pipeline and on Riyadh’s King Khalid International Airport. The Houthis had warned Cairo against the move. Yahya Al Raei, speaker of the Houthi-run parliament in Sanaa, wrote to Egyptian Speaker Hisham Badawy last week that joining the conflict “would pose a grave danger” to Egypt’s national security. The approval…

Kazakhstan had reason to cheer after receiving a commitment from the International Finance Corporation to help develop infrastructure projects worth $3 billion. But that happy foreign investment news was offset by an international arbitration court’s decision to throw out $12 billion in Kazakh claims against Western oil giants in a dispute over the development of the Kashagan oil field. The IFC, the World Bank’s private-sector wing, will get involved in projects covering the 2026-31 period, focusing on fostering public-private partnerships…

EQT Corp. (NYSE:EQT) will buy Range Resources (NYSE:RRC) in an all-stock deal valued at more than $50 billion, including debt. The combined company will produce more than 9 billion cubic feet equivalent a day of Appalachian gas, and the two companies call it the largest vertically integrated natural gas producer in the United States.  Range shareholders will receive 0.987 EQT shares for each share they hold, an implied $54.91 a share and a 20.6% premium to Friday’s close. That values Range’s equity at about $12.8 billion, according…

EQT Corp. (NYSE:EQT) will buy Range Resources (NYSE:RRC) in an all-stock deal valued at more than $50 billion, including debt. The combined company will produce more than 9 billion cubic feet equivalent a day of Appalachian gas, and the two companies call it the largest vertically integrated natural gas producer in the United States.  Range shareholders will receive 0.987 EQT shares for each share they hold, an implied $54.91 a share and a 20.6% premium to Friday’s close. That values Range’s equity at about $12.8 billion, according…

Few could argue with U.S. President Donald Trump’s key objective in launching ‘Operation Epic Fury’ against Iran on 28 February -- to prevent Iran from ever being able to develop a nuclear weapon. All members of his Cabinet fully backed this aim at the time, as they did the other three: to effect regime change, to critically degrade Iran’s ballistic missile capability, and to neutralise the ability of its proxies, especially Hamas and Hezbollah, to cause mayhem across the Middle East and the world. The degree to which these…