Permian or Bust? U.S. Oil Growth Has a One-Basin Problem
by Irina Slav on June 6, 2025 at 12:00 am
The Permian basin has been the chief growth driver for U.S. shale oil production. The most prolific shale basin in North America has been the focus of attention for industry players and traders alike. But there might be a problem with the Permian. U.S. oil growth may be a bit too dependent on it. For proof, look no further than the Energy Information Administration’s drilling productivity report, which is now part of its Short-Term Energy Outlook. Month after month, the EIA reveals that of all major oil basins in the country, the Permian…
These 3 Nuclear Stocks Should Be on Your Energy Radar
by Alex Kimani on June 5, 2025 at 11:00 pm
Nuclear energy stocks have been on a tear again after U.S. President Donald Trump signed executive orders that will facilitate the expansion of nuclear energy production, including expediting the regulatory approvals for new nuclear reactors. The Trump administration intends to reform the nuclear energy sector by overhauling the Nuclear Regulatory Commission (NRC), allowing the DoE to build nuclear reactors on federally-owned land, enhancing research at the U.S. Department of Energy and expanding domestic uranium mining and enrichment. And, Big…
Administration Proposes Lifting Restrictions on Alaska Oil & Gas Drilling
by Andrew Topf on June 5, 2025 at 10:00 pm
The National Petroleum Reserve in Alaska could see more oil and gas exploration if the Trump administration is successful in reversing Biden-era limits on drilling for hydrocarbons in an area that is also the country’s largest tract of undisturbed land. Reuters said the move is consistent with Trump’s goal to slash regulations on oil and gas development and increase domestic fuels production as part of his energy agenda. Last year the administration of Joe Biden prohibited oil and gas leasing on 10.6 million acres of the National Petroleum…
Central Asia’s Resources Spark a New Global Scramble
by OilPrice.com on June 5, 2025 at 9:00 pm
Having arrived in Central Asia to make deals, Italian Prime Minister Giorgia Meloni did a lot of name-checking during a policy address at the Astana International Forum. First, she went for the low-hanging fruit, giving a shout-out to Marco Polo, pointing to the legendary 13th century Venetian merchant-explorer to support her assertion that it is in “the DNA of the Italian people” to seek new trade possibilities. She then dusted off a name that had fallen out of favor for decades — Halford Mackinder, the early 20th century British…
Billions in Trade at Risk for Indian Metals Industry
by Metal Miner on June 5, 2025 at 8:00 pm
Via Metal Miner India is seeing mixed reactions to U.S. President Donald Trump’s new announcement that he is imposing a 50% tariff on all steel and aluminum imports from the country. While the Indian Government sought to play down the new Trump tariffs, with one minister dubbing its impact as “minor,” some analysts, experts and trade bodies are not too sure. Many from this lobby have already expressed grave concern about the likely fallout of the new wave of tariffs on India’s steel and aluminum sectors. Some Officials…