EV Maker Lucid Announces 1,500 Job Cuts
The restructuring includes the elimination of the chief operating officer position and operational changes at Lucid's manufacturing facility in Casa Grande, Arizona.
Energy
Iranian Oil Trade Gets Temporary U.S. Approval Through August
Treasury Secretary Scott Bessent said the move is part of a broader diplomatic framework aimed at advancing a long-term agreement between the two countries.
How Chevron Will Supply Energy To Microsoft’s Texas Data Center
The facility is expected to consume nearly 2.7 gigawatts of electricity, an amount comparable to the power needs of roughly 2 million homes.
Saudi Oil Tankers Cross Strait Of Hormuz After U.S.-Iran Deal
According to shipping data from Kpler, the vessels resumed visible tracking after remaining off public monitoring systems for more than two months
IEA Cuts Oil Demand Forecast As Energy Markets Shift
According to the IEA’s latest monthly report, global oil demand growth for 2026 has been sharply downgraded after fuel shortages and elevated energy prices reduced consumption
Why Are Senate Democrats Opposing A West Coast Oil Reserve
Sens. Alex Padilla and Patty Murray wrote to Energy Secretary Chris Wright, requesting that the Department of Energy stop work on the project until Congress authorizes it
Trump Team Cuts $4 Million In Pro-Illegal Immigrant, DEI, And Green Energy Services
Led by Secretary Doug Burgum, the department determined the agreements were “operating in direct opposition” to its mission, according to a press release obtained by Fox News Digital.
Crude Prices Drop Sharply Following Reports On New Iran War Deal
Brent crude dropped about 5% to below $83 per barrel, while U.S. crude fell more than 5% to around $80.
The Breakthrough
Pressure brought Iran to terms and stopped a war. Turning that into a lasting peace is the work ahead.
Oil Slides As Traders Price In A Hormuz Reopening
Crude fell sharply on the deal signal, though the strait stays shut and the blockade remains until any agreement is signed.
Inflation Jumps To A Three-Year High On The Energy Shock
May prices rose 4.2 percent from a year earlier, almost entirely on fuel, leaving the Fed boxed in before next week's meeting.
Wall Street Tumbles As Inflation And War Hit At Once
The Dow sheds more than 900 points after a three-year-high inflation print collides with the Gulf escalation.
Oil Climbs Again As The Strikes Revive Supply Fears
Crude jumps in early trading after the second night of attacks, with the risk premium back in an already tight market.
Solar Power Surpasses Wind In U.S. Clean Energy Milestone
According to the American Clean Power Association’s latest market report, utility-scale solar capacity has now surpassed wind power, helping push total U.S. clean energy capacity beyond 370 gigawatts.
Oil's Brief Retreat Ends As The Hormuz War Reignites
Crude had eased on hopes of a reopening deal, but the overnight strikes revive the supply-shock premium.