Commodities tied to clean energy and electrification showed resilience in 2024, despite the global manufacturing slowdown and Trump’s roll back of “green” agenda items.

On the first day of his Presidency, Donald Trump declared an “energy emergency”. It is part of a raft of measures to boost America’s already colossal fossil fuel production, backed up by claims that the country needs to tackle high energy prices and prepare for increased demand from “the next generation of technology”.

U.S. oil prices were down by more than $1 a barrel in early Asian trading on Tuesday from Friday's close after President Donald Trump took office and announced a plan to maximise U.S. oil and gas production by declaring a national emergency.

On his inauguration day, Trump declared a “national energy emergency,” citing the soaring demand for data centers and digital infrastructure as one crucial factor in his decision. According to the Department of Energy, data centers are expected to consume between 6.7 percent and 12 percent of total US electricity by 2028.

The president said he’d declare an energy emergency, increase drilling and end support for electric cars. His pivot to oil and gas follows the hottest year in recorded history.

Democratic-led states and civil rights groups filed a slew of lawsuits challenging U.S. President Donald Trump's bid to roll back birthright citizenship on Tuesday in an early bid by his opponents to block his agenda in court.

In his first hours in the White House, President Trump ordered the government to resume processing LNG export permits, reversed actions to close parts of Alaska and federal