EQT Calls on Congress to Slash Gas Project Approval Times
by Irina Slav on July 21, 2025 at 8:19 am
The chief executive of gas major EQT has called on legislators to reduce the length of the approval process for new natural gas infrastructure in order to boost the competitiveness of U.S. energy. In an interview with the Financial Times, Toby Rice said that “The threat of not getting infrastructure built has only gotten larger — not only from bad actors getting rich by selling energy that could be replaced with American energy — it’s also the threat of China winning the AI race.” AI has become a focus of attention…
New EU Sanctions Package Sparks Oil Price Debate
by Irina Slav on July 21, 2025 at 6:40 am
Crude oil prices began trade this week with a modest gain after on Friday the European Union approved the 18th package of sanctions against Russia, targeting once again its energy industry with a lower price cap and specific sanctions against energy companies. Brent crude was trading at $69.35 per barrel at the time of writing, and West Texas Intermediate was trading at $67.52 per barrel. Russia’s flagship Urals, which the EU has now capped at 15% below its market price in an attempt to make the whole idea of a price cap work after indirectly…
China Starts Work on the World’s Largest Hydropower Dam
by Charles Kennedy on July 21, 2025 at 5:07 am
China has broken ground on what promises to be the world’s largest hydropower dam, a giant project on the eastern edge of the Tibetan Plateau that underscores Beijing’s dual ambitions: securing energy independence and solidifying geopolitical leverage over one of Asia’s most important rivers. Premier Li Qiang’s formal launch of the $170 billion venture, described as a “project of the century”, is a symbolic reminder of China’s willingness to bet big on infrastructure as part of its climate and industrial…
Oil Prices Remain Flat as Markets Digest EU Sanctions on Russia
by Charles Kennedy on July 21, 2025 at 4:01 am
Oil prices were little changed in early Asian trading on Monday following a week of losses, as traders digested the impact of fresh European sanctions on Russian oil exports and closely monitored progress in U.S. trade policy developments ahead of looming tariff deadlines. By midday in Beijing, Brent crude futures were slightly up at $69.39 per barrel and West Texas Intermediate (WTI) crude futures hovered around $67.53 per barrel, reflecting a muted reaction to last week’s developments. This stability follows a nearly 1.5% decline last week,…
The 9 Most Important Oil & Gas Pipelines in the World
by Editorial Dept on July 21, 2025 at 3:30 am
Pipelines are the unsung backbone of the global energy system–quietly moving billions of barrels of oil and trillions of cubic feet of gas with unmatched efficiency, reliability, and scale. In the U.S., they handle nearly 70% of all petroleum shipments, or over 14 billion barrels annually, without the headlines or volatility of seaborne trade. What makes pipelines indispensable isn’t just cost or carbon footprint; it’s continuity. Cross-border systems like Russia’s Druzhba and Canada’s Keystone aren’t just conduits;…