Irina Slav

1 week ago | irinaslav.substack.com | Irina Slav

For a while now I’ve been meaning to dedicate a post to Australia’s transition endeavours but I couldn’t decide where to start. And then a story fell into my lap. NSW pitches first “urban” renewable zone based around rooftop PV, batteries and EVs, the headline from a green outlet said, and it immediately grabbed my attention because of its second part. The story was carried by a lot of media, suggesting it was important. Indeed, it is. Just not in the way most would expect.

1 week ago | oilprice.com | Irina Slav

Chevron is giving the slip to 800 of its employees in the Permian as part of a larger cost-cutting drive that will see its global workforce reduced by a fifth by 2026. The news follows a round of 600 layoffs in California as the supermajor seeks to streamline its business in a challenging environment. Chevron just got its license to produce oil in Venezuela revoked, while it remains embroiled in a dispute with Exxon over the acquisition of Hess Corp. and its Guyana assets.

1 week ago | oilprice.com | Irina Slav

The Trump administration has canceled a loan guarantee of $2.92 billion granted by the previous administration to solar major Sunnova. Per a Bloomberg report, the cancelation followed Sunnova’s telling the federal government it had changed its mind about the loan and no longer wanted to use it. The company had only made use of some $371 million from the facility, the report noted. The Biden admin had celebrated the loan guarantee as the largest subsidy package ever granted for solar power.

1 week ago | oilprice.com | Irina Slav

A U.S. trade court ruled President Trump exceeded his authority by imposing tariffs, reinforcing congressional control over trade. Oil prices rose over 1% as traders welcomed the ruling and bullish signals from demand forecasts countering glut concerns. Analysts remain cautious due to expected OPEC+ supply increases and the limited impact of new U.S. sanctions on Russian oil.

1 week ago | oilprice.com | Irina Slav

Asia’s LNG imports dipped 6.2% in early 2025, mainly due to China cutting back on expensive spot purchases. Europe’s cold 2024/25 winter and supply issues drove global LNG prices higher and boosted imports. Demand in China is expected to rebound with rising summer temperatures.