Nvidia was the first poster child of the AI revolution. OpenAI turned ChatGPT into a global phenomenon. Google, Microsoft, and Anthropic have since dominated headlines with ever-more-powerful models. But throughout history, the biggest fortunes made during a technological revolution rarely went to the most famous names. The California Gold Rush didn't create the most wealth for gold miners. It created fortunes for the people selling picks, shovels, railroads, and infrastructure. The same dynamic is emerging in AI. The future won't be decided by…

For years, U.S. President Donald Trump has loomed large over California's energy and environmental sectors as he tries to promote fossil fuels and roll back the state’s climate initiatives, with varying degrees of success. Back in 2019, the Trump administration effectively revoked California's federal waiver under the Clean Air Act that allowed the state to set its own stringent greenhouse gas emissions standards. The president has been even more aggressive during his second term. Last year, Trump utilized federal agencies to mandate the…

The global solar energy boom is showing no signs of slowing down, with falling costs and ambitious clean energy targets continuing to drive rapid adoption. Last year, solar capacity additions surged 11% Y/Y to a record 647 GW worldwide, bringing the total cumulative solar capacity across the globe to 2.9 TW and cementing its position as the world's fastest-growing electricity source. Indeed, in April 2026, monthly global electricity generation from solar and wind surpassed gas-fired generation for the first time ever, a major milestone considering…

A team of researchers in Germany has discovered a highly efficient way to convert sunlight into hydrogen fuel, potentially solving some of the most critical challenges facing the green hydrogen sector and offering an elegant solution to clean up some of the economy’s dirtiest industries. The new prototype, which uses a kind of solar cell used in spacecraft, is a proof-of-concept for what could someday make the production of totally clean-burning fuel a commercially scalable possibility. Scientists at the Fraunhofer Institute for Solar Energy…

The agreement signed last week between the Syrian Petroleum Company (SPC), the U.S.’s ConocoPhillips and Great Britain’s Novaterra ConocoPhillips — covering the development of new gas fields and the expansion of output at existing sites — is the latest move in Washington’s and London’s long?game for shaping Syria’s post?Assad landscape. Rather than repeat the overt, Western?fronted reconstruction model used in Iraq, both countries have opted for a subtler architecture: powerful Arab states, led by Saudi…

Gold and oil spent five months moving like they were tied to the same rope. Both caught a bid from fear that war between the United States and Iran would spiral into something markets couldn’t quite price, and both are unwinding that trade in the same quarter.  Look closer, though, and the two collapses have stopped sharing a cause. Gold fell for a third straight session Wednesday, dropping to $3,983.07 an ounce and touching its lowest level since November. The metal sank roughly 14% in the second quarter, its steepest quarterly decline…

The signs are multiplying that Vladimir Putin’s powers of coercion are rapidly fading, and his chief instruments of regional leverage are dissolving. Not only have Ukrainian drones put Russian forces on their heels in the two countries’ long-running conflict, but they are also threatening to tear apart the Collective Security Treaty Organization (CSTO), Moscow’s version of NATO. Meanwhile, the Kremlin’s failure to prevent the reelection of Putin’s nemesis in Armenia, Prime Minister Nikol Pashinyan, is helping to expose…

Global investment firm KKR has agreed to acquire EDF Power Solutions North America in a landmark $4.2-billion deal, marking the largest single renewable energy investment in the company’s history. The purchase gives KKR immediate control of one of North America’s largest clean power portfolios, adding more than 5.6 gigawatts of operating wind, solar, and battery storage assets as investors race to secure electricity generation for AI data centers and other fast-growing sources of power demand. The acquisition instantly makes KKR one…

Global investment firm KKR has agreed to acquire EDF Power Solutions North America in a landmark $4.2-billion deal, marking the largest single renewable energy investment in the company’s history. The purchase gives KKR immediate control of one of North America’s largest clean power portfolios, adding more than 5.6 gigawatts of operating wind, solar, and battery storage assets as investors race to secure electricity generation for AI data centers and other fast-growing sources of power demand. The acquisition instantly makes KKR one…

Russia has confirmed its government is currently in negotiations with other countries to purchase gasoline while desperately seeking to stabilize its domestic market after months drone mayhem out of Ukraine. "Discussions are actively being held," Kremlin spokesman Dmitry Peskov said at a press briefing Tuesday, though without specifying which countries. "If agreements can be reached at acceptable price points, then [imports] will move forward," he added. The development is surprising given that Russia remains the world's second-largest crude oil…

Russia has started importing refined fuel from India by sea in a bid to mitigate critical domestic fuel shortages triggered by sustained Ukrainian drone attacks on its energy infrastructure. In an exclusive Reuters report, industry sources revealed that an initial shipment of at least 60,000 metric tons (510,000 barrels) of gasoline has been dispatched from India via two tankers destined for Russian ports.  Ukrainian drone strikes have knocked offline roughly 30% of Russia’s oil refining capacity, pushing domestic refining throughput…

Russia has started importing refined fuel from India by sea in a bid to mitigate critical domestic fuel shortages triggered by sustained Ukrainian drone attacks on its energy infrastructure. In an exclusive Reuters report, industry sources revealed that an initial shipment of at least 60,000 metric tons (510,000 barrels) of gasoline has been dispatched from India via two tankers destined for Russian ports.  Ukrainian drone strikes have knocked offline roughly 30% of Russia’s oil refining capacity, pushing domestic refining throughput…

Russia has started importing refined fuel from India by sea in a bid to mitigate critical domestic fuel shortages triggered by sustained Ukrainian drone attacks on its energy infrastructure. In an exclusive Reuters report, industry sources revealed that an initial shipment of at least 60,000 metric tons (510,000 barrels) of gasoline has been dispatched from India via two tankers destined for Russian ports.  Ukrainian drone strikes have knocked offline roughly 30% of Russia’s oil refining capacity, pushing domestic refining throughput…

Saudi Arabia and Algeria have officially cut selling prices for liquefied petroleum ‌gas (LPG) for the month of July amid increased global market supply. Saudi Aramco, Saudi Arabia’s national oil company, has lowered its official selling prices (OSPs) for a metric ton of propane by $180 to $580 per ton and by $220 to $600 per ton for butane while Sonatrach, Algeria’s state-owned oil producer, has lowered July OSPs for propane by $57/ton to $518 and and for butane by $10/ton to $600, according to Reuters reporting on Wednesday.…

A firm planning to mine uranium in northern Italy has drawn up plans for a London float as it seeks to capitalise on renewed interest in nuclear technology. Reveille Resources, which will be operated by Ippolito Ingo Cattaneo alongside his father, Andrea Cattaneo, is preparing to join London’s small-cap Aquis exchange as soon as this week. The firm said its initial focus will be on two historical uranium deposits in Lombardy, northern Italy, known as Novazza and Val Vedello, for which licence applications were submitted last year. Evidence…

Renewable energy accounted for a record-high 58% of Germany’s electricity consumption in the first half of 2026, up from 55.8% for the same period last year, the latest estimates by industry associations ZSW and BDEW showed on Wednesday. Germany is looking to boost its solar and wind power generation sectors with ambitious goals and legislative changes to ease and streamline the permitting processes. Europe’s biggest economy has a target to install 10 gigawatts (GW) of wind power capacity every year to have renewables account for 80%…

Renewable energy accounted for a record-high 58% of Germany’s electricity consumption in the first half of 2026, up from 55.8% for the same period last year, the latest estimates by industry associations ZSW and BDEW showed on Wednesday. Germany is looking to boost its solar and wind power generation sectors with ambitious goals and legislative changes to ease and streamline the permitting processes. Europe’s biggest economy has a target to install 10 gigawatts (GW) of wind power capacity every year to have renewables account for 80%…

Crude oil inventories in the United States decreased by 3.8 million barrels during the week ending June 26, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 408.4 million barrels, according to government data, which is now 7% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories saw a draw of 6.072 million barrels in the period.…

Japan’s JERA is creating a wholly-owned subsidiary to develop and manage its LNG, upstream, low-carbon fuels, and shipping businesses, the biggest Japanese LNG importer and largest power producer said on Wednesday. The new company, JERA Global Energy Solutions (JERA GES), will be the Japanese utility giant’s response to increasingly volatile and complex energy markets. JERA GES will be a vertically integrated LNG company which can quickly respond to the market needs while maintaining security of supply for Japan as its highest priority,…

US Vice President JD Vance has again signaled that the White House is prepared to use force against Iran if diplomacy fails, raising the stakes around a 60-day memorandum of understanding (MOU) that has halted open hostilities but left the core disputes unresolved. In an interview on The Michael Knowles Show released on June 30, Vance cast the US approach toward Iran as a stark choice: a longer-term agreement anchored in permanent, verifiable nuclear inspections, or renewed military action to preserve what Washington sees as gains already secured.…