After expanding at an annualized rate of 12% from 2020 to 2024, US jet...
After expanding at an annualized rate of 12% from 2020 to 2024, US jet fuel consumption growth has slowed in 2025 as air travel demand eases and efficiency improves, according to the Energy Information Administration. The slowdown reflects weaker passenger volumes, economic headwinds and more fuel-efficient aircraft fleets, with the trend expected to continue through 2026.
Report: Tariffs could slow grid modernization, raise costs
New tariffs on steel, aluminum and copper could hinder the pace of grid...
New tariffs on steel, aluminum and copper could hinder the pace of grid modernization and clean energy projects, according to a report from Morningstar. The tariffs could increase the cost of transmission projects by up to 30%, potentially making some projects financially unviable, the analysts say. Tariffs also could lead to procurement delays and higher utility bills, posing challenges for state regulators and creating credit risks for utilities.
N.D. allocates $500M to jumpstart Bakken East Pipeline
North Dakota has committed $500 million over 10 years as an anchor shipper...
North Dakota has committed $500 million over 10 years as an anchor shipper on WBI Energy's Bakken East Pipeline, clearing the way for construction of the 1 Bcf/d line from the Bakken Shale to the state's eastern markets. The state's backing is intended to reduce risk for producers and industrial users hesitant to sign early contracts and provide a bridge until private shippers step in. Once online, the pipeline will ease gas takeaway constraints that have led to flaring and drilling curtailments, as well as reduce reliance on Canadian gas.
Trump’s 50% tariff on India kicked in. India’s exports to the US will now get hit with a steep import tax, after President Trump doubled the 25% tariff he initially imposed on Indian goods to punish the country for buying Russian oil amid the war in Ukraine. The heightened tariff, which took effect yesterday, is putting a strain on US-India relations and could be a big blow to India since the US is its biggest export destination. It shipped about $87.3 billion worth of goods to the US last year. However, some major exports are exempt for now, including smartphones—which is good news for Apple as it’s been shifting manufacturing there in an effort to decrease its reliance on China.
Denmark summoned the top US diplomat there for talks, accusing the US of trying to drum up support in Greenland for the semiautonomous territory to secede from Denmark. President Trump has previously said he believes the US should control Greenland.
Microsoft employees have been protesting the company’s contracts and partnerships with the Israeli military and government, prompting a crackdown by their employer.
Kilmar Ábrego Garcia, a Salvadoran national whose mistaken deportation to El Salvador became a flashpoint in debates over President Trump’s immigration crackdown, is seeking asylum in the US, hoping to avoid deportation to Uganda.
The Trump administration is taking over the management of Washington, DC’s Union Station as the federal government seeks to exert power over the capital. Separately, federal prosecutors failed to secure an indictment against a man who threw a sandwich at federal officers in protest of their presence in the city.
