Trump, fresh from a state visit to the UK, warned that excessive taxation and regulatory hurdles have all but shut down new North Sea development. “There’s tremendous oil that hasn’t been found in the North Sea,” he said. “They essentially closed it by making it so highly taxed that no developer, no oil company, can go there.”
Britain and the United States are set to sign a sweeping agreement to accelerate nuclear power development during U.S. President Donald Trump’s state visit this week, marking what Keir Starmer described as the start of a “golden age of nuclear.” The accord, known as the Atlantic Partnership for Advanced Nuclear Energy, is designed to streamline […]
President Trump reportedly called on the European Union to impose 100% tariffs on China and India if it wanted the United States to step up its own sanction pressure on Russia, as Brussels discusses its 19th package of sanctions against Moscow.
Ever since the president took office, life has become rather hard for wind and solar developers. The biggest blow came from the One Big, Beautiful Bill, which, however, left them a loophole, if they were fast enough with construction, because the end of subsidies was set to take effect from 2027. From that moment on, wind and solar developers are on their own and on the support of any private financial backers that may be interested in their projects.
While China is the largest importer of Russian oil, it tends to take deliveries from the nation’s Far East. Yet so far in August, shipments of Urals – which loads from Baltic and Black Sea ports – were almost 75,000 barrels a day. That’s almost double the year-to-date average of about 40,000 barrels, according to Kpler. In contrast, exports to India sunk to no more than 400,000 barrels a day this month, compared with the average of 1.18 million.
The Trump-Putin meeting this Friday and the oil trade spat with India have been hogging the headlines these days, but meanwhile, the tariff war continues—and it may end with a complete rearrangement of global supply chains.
In a later statement, India’s foreign ministry said that oil import decisions were “based on market factors and done with the overall objective of ensuring the energy security of 1.4bn people of India”. A spokesperson for the ministry said that “It is therefore extremely unfortunate that the US should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest. We reiterate that these actions are unfair, unjustified and unreasonable.”
The tariff would aim to reshape the global semiconductor supply chain by incentivizing onshore production. Notable companies such as Apple, already committing over $100 billion in additional U.S. investments (bringing their total pledge to $500 billion), are being touted as major beneficiaries of this carve?out. Major chipmakers like TSMC—with its new Arizona fab—and Samsung, as well as SK Hynix, are also expected to qualify for exemptions given their current or planned production footprints in the U.S.
In the energy sector, U.S. power utilities have announced billions of dollars in capital plans for the next few years and are getting a lot of requests from commercial users, most notably Big Tech, for new power capacity in many areas next to planned data centers.
Oil markets have largely ignored Trump’s threats to impose 100% secondary tariffs on any country that buys Russian exports, with prices dropping significantly on Tuesday morning.