April 11 (Reuters) – U.S. Energy Secretary Chris Wright said on Friday that the United States could step up pressure on Iran and stop its oil exports as part of a plan to pressure Tehran over its nuclear programme. Wright, speaking to Reuters during a visit to Abu Dhabi, said he thought the Gulf allies …
US Energy Secretary Says We Can Stop Iran’s Oil Exports Read More »
Summary Oil at $55 a barrel, down from $78 before Trump inauguration US oil rig count expected to drop if crude stays below $60 Tariffs will hike costs for steel and oil-drilling gear Reuters) – President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country’s …
OPEC Output Hikes, Trade Wars Have US Oil Producers Wary of ‘Drill Baby Drill’ Read More »
(Reuters) – The Trump administration said on Thursday that it will no longer require environmental impact statements for oil and gas leases across the U.S. West, in a step toward lifting green hurdles to drilling that environmental groups will likely challenge in court. The Interior Department said in a release that it will no longer …
US Will No Longer Require Green Analyses on Western States’ Oil, Gas Leases Read More »
(Reuters) – Recent developments in global trade policy are set to lower global oil and fuel demand growth through 2026, the U.S. Energy Information Administration (EIA) said on Thursday in its monthly short-term energy outlook report. The U.S. Department of Energy’s statistical arm cut its annual U.S. and global oil demand growth forecasts for both …
US EIA Warns of Lower Oil Demand From Tariffs and Trade Uncertainty Read More »
(Reuters) – Venture Global Inc is about to start selling liquefied natural gas cargoes from a Louisiana export terminal to long-term customers rather than to the highest global bidder, but it plans to employ the controversial but lucrative practice at a new and bigger terminal that it is starting up. On April 15, Venture Global …
New LNG Plant to Boost Venture Global Profits as Calcasieu Serves Long-Term Customers Read More »
(Reuters) – Oil prices fell on Friday and were set to drop for a second week on concerns prolonged trade war between the United States and China, the world’s largest economies, will crush crude consumption as their dispute curtails economic growth. Brent futures fell 31 cents, 0.5%, to $63.02 a barrel by 0153 GMT, while …
Oil Prices Set to Drop for a Second Week as US-China Trade War to Cut Demand Read More »
Stepping up power for data centers “is a phenomenal opportunity here that our industry has to take advantage of. We have to get this right,” the Hamm Institute for American Energy’s executive director Ann Bluntzer Pullin said.
Kimmeridge Texas Gas CEO David Lawler discusses the company’s approach to doubling gas production to 1 Bcf/d and pending regulatory project approvals, in this Hart Energy Exclusive interview.
Venezuela’s national assembly on Thursday passed a decree proposed by President Nicolas Maduro’s government to declare a state of economic emergency in response to U.S. sanctions and tariffs. In March, the administration of U.S. President Donald Trump began suspending authorizations for oil companies operating with Venezuela’s state-owned PDVSA and imposed secondary tariffs on crude oil …
Venezuela National Assembly Greenlights Economic Emergency Decree Read More »
California’s Trio Petroleum will acquire producing wells in the Lloydminster, Saskatchewan heavy oil region in a deal valued at roughly $1.38 million.
