Oil prices swooned on April 3 to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after U.S. President Donald Trump announced sweeping new import tariffs.
Venture Global has FERC permission to put the remaining facilities at its Calcasieu Pass LNG plant into service, placing an unknown status on arbitration hearings with its long-term customers.
BP Trinidad and Tobago said the Cypre development is projected to deliver approximately 45,000 boe/d at peak.
LNG Canada expects to start exporting LNG by the middle of 2025.
BKV Corp. has created a new chief commercial officer position and placed industry veteran Dilanka Seimon in the role.
Tariffs may bring short-term pain, but Trump is aggressively pursuing goals that benefit the U.S., says Cornerstone Government Affairs’ Jack Belcher.
TotalEnergies has entered into deals with RES, VSB Group and SN Power for assets in North America, Africa and Europe.
European Commission President Ursula von der Leyen described U.S. President Donald Trump’s universal tariffs as a major blow to the world economy and said the European Union was prepared to respond with countermeasures if talks with Washington failed. Von der Leyen said the EU was already finalising a first package of tariffs on up …
EU Plans Countermeasures to New US tariffs, Says EU Chief Read More »
Summary • Brent, WTI sink by 6% • Trump to impose 10% minimum tariff on most import goods • Imports of oil, gas, refined products exempted from new tariffs • OPEC+ to bring back more oil to market in May than previously planned LONDON, April 3 (Reuters) – Oil prices fell 6% on Thursday as …
Oil Slumps 6% on Trump Tariffs, OPEC+ Speeding up Output Hikes Read More »
Summary Oil, gas exempt from Trump’s import tariffs US remains dominant in global energy markets Countries may increase US energy purchases to offset tariffs LONDON, April 3 – President Donald Trump’s reveal of sweeping import tariffs further darkened the outlook for the global economy and left many questions unanswered. But amid all the policy fog, …
Oil and Gas Got Off Easy on Trump’s Liberation Day Read More »
