Jennifer Granholm tells FT the ex-president’s vow to undo Inflation Reduction Act would benefit China
Sector at standstill as levy on profits and plans to close tax loopholes creates uncertainty
Trading house to announce as early as next week that head of gas, power and renewables will succeed Jeremy Weir
Mike Wirth says White House’s ‘attacks’ on natural gas threaten energy security for US allies
UK oil major has underperformed its rivals as oil prices have started to sink
Some operators have put off plugging wells in hope of passing on cost
Last week’s wipeout in prices prompted a flurry of forecast changes from analysts
Baku list of priorities focuses on batteries and the grid rather than the phaseout of oil and gas and coal consumption
Oil major trims renewables business and sells off underperforming assets
Traditional power brokers endowed with reserves of fossil fuels will see their global leverage wane
Lower crude prices threaten the ability of the biggest energy companies to lift returns
Lula has staked his international reputation on the environment, but he must also find the money to alleviate poverty at home
‘Project Willow’ draws up alternatives for refinery ahead of planned 2025 closure
Wood Mackenzie says sector risks being ‘fatally wounded’ by the government
Legally binding crackdown will include promotion of petrol cars, flights and cruise ships
EU bloc among countries putting pressure on COP29 hosts Azerbaijan to prioritise end to use of polluting fuels
Brent crude has fallen 13% since late August on concerns over slowing demand
Also in today’s newsletter, climate scientist Michael Mann on Exxon’s global outlook
Brent has fallen below $70 for first time in 3 years, delaying Opec plans for production increases
State oil company Adnoc to make formal €14.4bn offer for Covestro in biggest European deal this year
Commodity trader’s billionaire former head of oil Alex Beard plans to plead not guilty to charges, say lawyers
Also in today’s newsletter, Norway debates when it should halt oil and gas production
US sanctions appear to be deterring buyers, satellite images and ship-tracking data suggest
Members of group were set to unwind voluntary cuts from October but prices remain close to lows this year
And Turkish stocks’ wild ride
