Iran Says Deal With Oman Close, But It Doesn’t Mean the Strait of Hormuz Will Open To All Traffic

US Crude Stockpile Hits Highest Since June 2024, Exports Surge Oil prices are ripping higher this morning (rebounding aggressively of overnight lows) after US and Israel attacked upstream Iranian energy assets for the first time since the war (While the US struck oil export hub Kharg Island late last week, it limited that attack to military targets began). Iran’s IRGC responded by publishing a list of Gulf energy sites in Saudi Arabia, the United Arab Emirates and Qatar that “have become direct and legitimate targets” following the attack on South Pars, the...

Solar Power Generation To Exceed Coal For First Time In Texas Grids Authored by Naveen Athrappully via The Epoch Times (emphasis ours), Annual electricity power generation from utility-scale solar projects is predicted to exceed output from coal for the first time ever in 2026 on grids run by the Electric Reliability Council of Texas (ERCOT). An aerial view of the Amazon Fort Powhatan Solar Farm in Disputanta, Va., on Aug. 19, 2022. Photo by Drew Angerer/Getty Images This year, solar power generation within the ERCOT-run grids, which cover most of the state, is...

USA Rare Earth Actively Pursuing Acquisition Opportunities Around The World At the Semafor World Economy forum, USA Rare Earth CEO Barbara Humpton explained that the company is actively pursuing acquisition opportunities worldwide across the entire critical minerals supply chain. This includes everything from extraction and refining to magnet production. Highlighting the company’s international strategy, she pointed to a recent agreement to acquire a stake in Carester, a rare earth processing firm based in France, in partnership with French investor Infravia, according to Semafor.  Speaking in Washington, DC, Humpton noted that this move...