Record US diesel prices squeeze farmers; food prices may rise
Addie Yoder is a farmer in northeast Missouri who grows corn, soybeans, and cattle. She uses two combines, 3 semi-trucks, and several tractors to harvest and transport the crops from mid-September until late October. She said that with diesel prices at all-time highs, and only one 'combine' requiring 300 gallons, her best option is to try and cut other costs. Drew Peterson, a farmer in southeast South Dakota who grows soybeans, corn, and cattle…
Australia's new shale-basin Beetaloo delivers first gas
The first gas flowed from the Beetaloo Basin in Australia to Darwin, Tuesday. Developers hope that this will show a steady flow of gas and allow for the commercialisation of Australia's first shale-gas venture. Tamboran Resources, along with its partner Formentera Partners of Texas, delivered gas from the Shenandoah Project, located in the desert more than 600 km away (373 miles), and just an hour drive from Daly Waters, the capital of the Northern Territory.
Bessent: US Treasury will stick to its debt auction schedule, despite larger buybacks
Treasury Secretary Scott Bessent announced on Monday that the U.S. Treasury would continue its regularly scheduled auctions of debt, including those for long-dated securities, despite the?move? to increase the buyback size of 10- to 30 year?securities. Bessent responded to a question at a 'news conference' focused on Iran sanctions regarding Treasury's plans moving forward for bond buybacks, including the size of future auctions. He said that Treasury would "continue our regular program" of auctions announced in early august.
Australia commits $1.76 billion to keep Rio Tinto aluminium smelter open
Australia announced on Thursday that it will provide a?A$2.5billion ($1,76billion) to keep Rio Tinto's Tomago aluminum smelter - the largest in the country - open beyond 2028 with a more reliable and affordable power supply. A government statement said that the deal would fund 3 gigawatts for new electricity generation at the smelter. The financial package will be funded jointly by the federal and state governments of New South Wales. Rio Tinto…
Australia commits $1.76 billion to keep Rio Tinto aluminium smelter open
Australia announced on Thursday that it would be providing A$2.5 billion (1.76 billion dollars) to help Rio Tinto keep its?Tomago aluminum smelter open beyond 2028. A government statement stated that the deal would support the generation of 3 gigawatts for the smelter. The financial package was to be funded jointly by the federal government and the state of New South Wales. Rio Tinto warned in October that Tomago - the largest electricity consumer…
Pacific Energy reports that Middle East buyers are interested in LNG cargoes coming from Canada.
The president of Woodfibre's LNG project in Canada said that buyers in the Middle East were looking for liquefied gas from Canada to hedge against geopolitical turmoil. Ratnesh Bedi is the president of Singapore's?Pacific?Energy, which holds a 70% stake on Canada’s Pacific Coast, near Squamish in B.C. In an interview, Bedi said that his company has received inquiries from Middle Eastern customers even though the project’s 2.1million tonnes per year capacity is already contracted to BP.
Sources say that India could charge gas consumers to fund its planned $42 billion fuel reserve.
Two sources who have direct knowledge of this matter say that India could impose a charge on consumers of cooking gas and natural gas to fund a $42 billion strategic reserve. This is after the disruptions caused by the Iran War exposed the supply chain's vulnerabilities. Two sources claimed that the plan would expand India's strategic reserve beyond crude oil. Stockpiles are designed to cover around two months of demand for crude and liquefied gas and about six weeks for liquefied petrol gas or cooking gas.
ReElement, a startup company that produces rare earths, no longer seeks $80 million in Pentagon loans. Administration sources confirm this.
Two administration officials said that the startup ReElement Technologies, which produces rare earths, has ceased to seek an $80m Pentagon loan. The move was part of a larger push by the Trump Administration to "jump-start" domestic production of vital minerals in order to compete with China's dominance. Officials said that the move was made after the company failed to meet the due diligence requirements of the federal government for the conditional lending offer.
Report: US wind and solar investments could be threatened by $121 billion of stalled permits.
A report released on Monday found that Trump administration policies 'that have stalled permits of renewable energy projects' are putting $121 billion in investment at risk, and slowing the development of 'wind, solar, and storage.capacity required to meet increasing?power demand. Wood Mackenzie's findings highlighted the tension between President Donald Trump’s desire to fast-track energy infrastructure in order to support artificial intelligence and his opposition to renewable energies.
Report: US wind and solar investments could be threatened by $121 billion in stalled permits
A report released on Monday found that Trump administration policies have slowed permits for renewable energy project, putting $121 billion in investment at risk. Wood Mackenzie, a research firm in energy, found that President Donald Trump was torn between his desire to accelerate energy infrastructure for artificial intelligence and his opposition to the renewable energy. The report stated that it examined early-stage projects worth $121 billion which?faced investment risks due delays.
Ormat completes the industry's largest design for geothermal power plants
The U.S. renewable energy company Ormat Technologies has developed a design for a geothermal plant that is 'the largest in the industry. It can produce '100 megawatts from the heat of the earth, according to the company. Ormat CEO Doron Blchar said that the Ormega100 design would double its electrical output compared to the current model. Ormat, a world-leading geothermal company, is testing advanced geothermal technology to power the unit. According to data from the federal government, geothermal power has been produced in the U.S.
The Australian far-right party proposes a state oil company and oil fund similar to Norway
One Nation, the Australian populist group led by Pauline Hanson, said it wanted to create an offshore production licenses fund in federal waters and a sovereign wealth fund in the style of Norway. It announced its 'energy policy' at the Australian Energy Producers Conference in Adelaide. One Nation, the Australian populist party led by Pauline Hanson, has gained popularity in recent years, winning their first House of Representatives seats. Gina Rinehart has also backed them, donating a plane and hosting dinners.
Russell: Australia's LNG industry is worried about missing out on huge opportunities due to the Iran war.
According to the industry, Australia's liquefied gas sector is uninvestable but also the best opportunity for growth. The dichotomy may not seem as contradictory at first, but the industry is saying that there is a window of opportunity during which the third largest exporter in the world of LNG can grow or stagnate, and then slowly decline. The senior industry executives who spoke at the annual Australian Energy Producers (AEP), conference held this week, all sang from the same song sheet.
SEFE, a German gas importer, returns an additional $348 Million in State Aid
The German gas importer,?SEFE, said that it had paid back the German government?almost??300 millions euros ($348million) in state assistance. This brings the total repayments to date to almost 1 billion euros. Germany has recouped a fifth of its?nearly twenty billion euro bailout of SEFE and 'peer Uniper? during Europe's energy crises in 2022. SEFE also wants to raise capital to reduce the German government's stake. SEFE CEO Egbert laege stated…
Russell: Australia's LNG industry is worried about missing out on huge opportunities due to the Iran war.
According to the industry, Australia's liquefied gas sector is uninvestable but also the best opportunity for growth. The dichotomy may not seem as contradictory at first, but the industry is saying that there is a?window during which the third largest exporter of LNG in the world can either grow or stagnate, and slowly drift into a decline. The senior industry executives who spoke at the annual Australian Energy Producers (AEP), conference held this week, all sang from the same song sheet.
Russell: Australia's LNG industry is worried about missing out on huge opportunities due to the Iran war.
According to the Australian liquefied gas industry, the sector offers both the best opportunity for growth and the least investment. The dichotomy isn't quite as contradictory at first glance, since the industry is saying that there is a window of opportunity during which the?third largest exporter in the world of LNG could either grow or stagnate, and then slowly decline. Senior executives at the Australian Energy Producers conference (AEP) this week all echoed the same message…
US Judge rejects Trump Administration bid to block Hawaii Climate Lawsuit
A federal judge dismissed on Wednesday a lawsuit filed by the Trump administration to stop Hawaii from filing a climate change lawsuit in state court against fossil fuel companies. The judge cited a "longstanding policy" that prohibits federal interference in state court proceedings. This is the second time that federal courts in 2026 have blocked efforts by the U.S. Department of Justice to stop climate change lawsuits in state courts. In January…
Australian State calls for quicker approvals of new oilfield
Queensland, Australia's state, said on Wednesday that it would urge the federal government to streamline approvals of a 'potentially' first new oilfield Australia has seen in decades. It argues that faster development is necessary to boost fuel security. Taroom Trough, a frontier basin that may contain large unconventional gas reserves, could also hold significant oil. This is after Australian junior Omega Oil and Gas found oil unexpectedly in 2025. David Crisafulli said that Shell has also started to produce small amounts of oil in the field.
Russell: The war between Iran and the ROI is both a boon and a danger to Australia's LNG.
The U.S.-Israeli war against Iran changed the global market of?liquefied gas (LNG), giving a boost to the producers outside the Middle East. This boost will likely last for many years after the conflict ends. Australia is one of the biggest beneficiaries, having last year dropped to third place in the world for super-chilled fuel exports behind the United States of America and Qatar. The 'effective closure of the Strait of Hormuz' has stopped Qatar from exporting?LNG…
Russell: The war between Iran and the ROI is both a boon and a danger to Australia's LNG.
The U.S.-Israeli war against Iran changed the global market of liquefied gas (LNG), giving a boost to producers outside the Middle East. This boost will likely last for many years after the conflict is over. Australia is one of the biggest beneficiaries, having slipped last year to third place in the world's exports of super-chilled gasoline behind the United States of America and Qatar. The Strait of 'Hormuz is effectively closed, and Qatar has no LNG exports.