Chevron has resumed shipments of Venezuelan crude to the US under a newly...
Chevron has resumed shipments of Venezuelan crude to the US under a newly issued Treasury Department license, ending a pause that began in April. Two tankers carrying Boscan and Hamaca grades have entered US waters for delivery at New Orleans and Port Arthur, Texas, with additional cargoes expected this month.
ConocoPhillips has agreed to nearly double its offtake from Sempra's...
ConocoPhillips has agreed to nearly double its offtake from Sempra's Port Arthur LNG Phase 2 to 4.4 million short tons per year over 20 years. Combined with its 5.51-short-ton commitment and 30% stake in Phase 1, the deal would make Conoco the plant's largest customer, though the second phase still requires a final investment decision, which could come later this year.
On Friday, the Department of the Interior ordered renewable energy company...
On Friday, the Department of the Interior ordered renewable energy company Ørsted to stop construction on Revolution Wind, its project off the coast of Rhode Island—which is 80% complete. The offshore wind farm received approval to build in November 2023 from the Biden administration, following nine years of review, and is the latest casualty from the Trump administration’s war on renewables.
What happened: Last week, the Interior Department’s Bureau of Ocean Energy Management said it must review the Danish company’s project, citing “concerns related to the protection of national security interests.” All offshore foundations and 45 out of 65 turbines are already installed, and the project was on track to produce electricity next spring. Once fully operational, the project would power 350,000 homes in Connecticut and Rhode Island.
The US Open is swinging through New York this week and next. On the men’s...
The US Open is swinging through New York this week and next. On the men’s side, Jannik Sinner and Carlos Alcaraz are expected to be top contenders to be king of the hill, top of the list. On the women’s side, the betting favorites are Iga Świątek, Aryna Sabalenka, and American Coco Gauff. It’s the final Grand Slam tournament of the year.
Everything else:
This week marks the 20th anniversary of Hurricane Katrina making landfall.
Tonight’s estimated $750 million Powerball jackpot is expected to be the game’s 10th largest ever.
New home sales data will be released today.
Tuesday through Saturday, Nobel Laureates meet in Lindau, Germany, to talk about economics.
The Spanish tomato-throwing festival La Tomatina is on Wednesday.
US tariffs on Indian exports are set to double on Wednesday, from 25% to 50%.
Federal Reserve Governor Christopher Waller, the odds-on favorite to replace Jerome Powell as chairman, speaks in Miami on Thursday.
The personal consumption expenditures price index will offer up fresh inflation data on Friday.
College football technically started already, but things get properly kicked off this Saturday.
Summer Fridays may be ending, but Labor Day should help soften the blow. The three-day weekend starts on Saturday.
