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.…

European companies are concerned – in various ways – about the upcoming revamping of the EU's emissions trading scheme (ETS), the key instrument the bloc has been implementing since 2005 to curb emissions from heavy-polluting sectors including the cement, steel-making, and chemicals industries. As the European Commission is expected to propose an amended ETS plan on July 15, European companies that have invested in low-carbon operations fear a weakening of the scheme. Others, such as some chemicals and steelmaking giants, call for a…

European companies are concerned – in various ways – about the upcoming revamping of the EU's emissions trading scheme (ETS), the key instrument the bloc has been implementing since 2005 to curb emissions from heavy-polluting sectors including the cement, steel-making, and chemicals industries. As the European Commission is expected to propose an amended ETS plan on July 15, European companies that have invested in low-carbon operations fear a weakening of the scheme. Others, such as some chemicals and steelmaking giants, call for a…

No generation in human history has experienced an infrastructure buildout of this speed and scale. Over the next several years, trillions of dollars will be poured into what industry leaders increasingly describe as AI factories: sprawling campuses filled with advanced processors, networking equipment, cooling systems, and enough electrical demand to rival major cities. McKinsey estimates AI-related infrastructure spending could exceed $5 trillion by 2030, while JLL projects developers may require roughly 100 gigawatts of new data-center capacity…

Indian crude imports set several records in June. Total inflows reached about 5 million b/d, the highest level ever recorded for the month. Of that, 2.6 million b/d came from Russia, equivalent to 54% of India’s total crude imports and a historic record for Russian-Indian trade. Russian supplies, which had fallen to around 1.1 million b/d in February under sanctions pressure from Washington, more than doubled within four months and became a key pillar of India’s energy-security strategy. India’s overall import volume suggests…

  Oil and gas companies operating in Australia are lining up plans to boost oil and gas exploration as activity picks up amid the energy crisis in the wake of the Iran war. Australia, which has had to cope with a fuel supply crisis since the Middle East conflict began, is one of the world’s top LNG exporters. Still, it assesses its domestic gas availability every quarter, and the regulators have often raised an alarm over potential gas supply shortages in some parts of the country. Energy Security Woes Prompt Renewed Exploration Efforts…

There have recently been many warnings about near-term oil shortages stemming from the conflict in Iran. Most analysts assume that shortages mean higher prices. As I will explain, the dynamics of a self-organizing economy suggest the opposite outcome — lower prices, deepening recession, and shortages of goods and services that have little to do with price. A cartoon scene featuring a bluebird on a cliff, looking confidently at a surprised coyote who is about to fall off the edge, with a yellow sky in the background. Figure 1. Wile E. Coyote…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.072 million barrels in the week ending June 26. In the week prior, US crude oil inventories fell by 765,000 barrels. Although commercial crude oil inventories excluding the SPR have been falling rapidly for more than two months, shedding 59.4 million barrels over the last eleven weeks, US crude inventories are only down 8 million barrels so far this year, according to API data, kept in check by draws from the SPR. For the week ending June…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.072 million barrels in the week ending June 26. In the week prior, US crude oil inventories fell by 765,000 barrels. Although commercial crude oil inventories excluding the SPR have been falling rapidly for more than two months, shedding 59.4 million barrels over the last eleven weeks, US crude inventories are only down 8 million barrels so far this year, according to API data, kept in check by draws from the SPR. For the week ending June…

China will continue spending heavily on both coal and alternative energy, such as wind and solar, over the next five years, Beijing’s latest five-year plan revealed this month. The apparent paradox sees the world’s largest emitter by far continue to generate a solid portion of its energy from coal while also boosting the largest alternative energy capacity in the world. The thing is, it is not actually a paradox. Ever since the signing of the Paris Agreement in 2015, a host of countries have been working hard to reduce their reliance…

Nigeria has announced the discovery of a world-class, polymetallic deposit in Kaduna State, with government experts saying it’s one of the country's most important critical minerals discoveries in recent years. Located around the pegmatite region of Gidan Waya in the Jema'a Local Government Area, the deposit contains nickel, copper, gold, platinum group metals and rare earth elements. The discovery was made by Steron Mining, with the Nigerian Geological Survey Agency (NGSA) confirming the find. Kaduna State is renowned for the exceptional…

The world's most important oil benchmark is about to experience an identity crisis. For the first time since records began, no Brent crude cargoes are scheduled to load in August, according to Reuters calculations based on loading programs and LSEG data. In other words, the benchmark that gives Brent crude its name is slowly disappearing. That's not because Brent is losing relevance. Quite the opposite. Brent still underpins pricing for more than 60% of internationally traded crude. The problem is that the original Brent field has simply been producing…

The disruptions to Russia's energy sector due to its war with Ukraine are having a ripple effect in Central Asia, with fuel prices rising across the region and governments scrambling to find alternative sources to meet demand. Officials have sought to reassure consumers that supplies will be sufficient and that prices will eventually come down once global disruptions stabilize. Daniyar Amangeldiev, the first deputy prime minister of Kyrgyzstan, told reporters that rising fuel prices are unavoidable given the global geopolitical turmoil. "There…

According to monthly data released Tuesday by the U.S. Energy Information Administration (EIA), U.S. crude oil production climbed to a record 13.934 million barrels per day (bpd) in April—the highest monthly production rate ever recorded. The new record surpassed March's 13.718 million bpd by 216,000 bpd, as producers responded to the oil price spike triggered by the Iran war and the closure of the Strait of Hormuz. While oil prices have since retreated as exports from the Persian Gulf gradually resume, April's data captures the industry's…

The next frontier for wave energy may be far from any ocean. Beaver Island, situated in the middle of Lake Michigan, seeks to be the next major testing ground for hydrokinetic energy from the waves that lap up against its shore. Proponents of the pilot program say that the cutting-edge clean energy tech will provide more reliable energy to the remote island while also advancing the nascent energy form for applications in other global contexts. Earlier this month, researchers from the University of Michigan set up prototype devices along the island’s…