American multinational energy company—oil, gas, chemicals.
A new study shows heavy AI spenders are hiring, not firing, with entry-level roles growing as firms invest in AI. The research covers 22,000 US firms from 2021-2026 and weighs the debate that AI will cause mass layoffs against real hiring data. Tech leaders caution against equating AI investment with universal job cuts.
Two back-to-back earthquakes on 25 June have flattened neighbourhoods in La Guaira and damaged Caracas. Official tallies have risen into the thousands dead and tens of thousands reported missing; international rescue teams and volunteers have arrived while civilians say government coordination remains strained and aftershocks continue.
Vermont's climate superfund law, designed to fund climate adaptation projects, faces legal challenges from industry groups claiming it oversteps state authority. The law, inspired by federal legislation, aims to hold polluters accountable but is contested by the federal government and industry groups, with potential implications for other states considering similar laws.
Ukraine launched drone strikes on key Russian oil infrastructure in Novorossiysk, damaging a mooring point and igniting fires at oil reservoirs. The strikes target Russia's Black Sea export facilities amid ongoing conflict, impacting global oil supplies and Russia's energy exports.
Private credit funds have seen significant redemption requests in Q1 2026: Blackstone reported nearly 8% of investors asking for cash, while Apollo, Ares and Blue Owl have seen double-digit outflows. Managers are blaming news "noise," but withdrawals are resembling a slow-motion run that will increase liquidity stress on funds.
Oil and gas companies have benefited from the Iran conflict, with profits reaching hundreds of billions of dollars. Major firms like Saudi Aramco, ExxonMobil, Shell, and Russian companies are experiencing record windfalls as oil prices stay high. Governments face pressure to impose windfall taxes to ease public burdens.
The Supreme Court has unanimously approved oil companies' move to federal court after a Louisiana jury ordered Chevron to pay over $740 million for coastal damage. The case involves decades of alleged environmental violations by Chevron and Texaco, with implications for future climate litigation and state-federal jurisdiction disputes. Today’s decision shifts the legal battleground.
California Gov. Newsom has argued that branded gasoline is pricier than unbranded fuel, citing state data as he calls for travelers to use cheaper unbranded gas ahead of Memorial Day. Chevron says most stations are independently owned and priced locally, and notes California’s high pump prices reflect state policies and costs.
Oil markets have shifted as the U.S. and Iran outline a framework to reopen the Strait of Hormuz. Brent and WTI hover around the mid- to high-80s/low-90s as sanctions waivers enable resumed Iranian exports. Global stocks move with muted optimism while gas prices remain elevated compared to prewar levels.
SoftBank has announced a €75bn plan to build AI data centres in northern France and to develop up to 5GW of capacity by 2031. Governments and companies are tightening domestic energy plans in response, prompting talks on interconnectors, local refineries and nuclear or modular-reactor options to meet the data centres’ huge electricity demand.
Trump has accused Keir Starmer of failing on immigration and energy, urging his resignation and calling for expansion of North Sea drilling. The remark underscores tensions in UK‑US relations as UK political tempers flare after recent by‑election results.