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(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 »
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 »
(Reuters) – South Bow on Thursday said it had recovered about 700 barrels of oil from a leak on the Keystone Pipeline earlier this week in North Dakota, which has shut the key conduit for Canadian oil exports to the U.S. since Tuesday. South Bow, owner and operator of the 4,327-km (2,689-mile) pipeline, is still …
South Bow Recovers 700 Barrels after Keystone Oil Release; No Restart Timeline Read More »
(Reuters) – Kazakhstan has been in talks with oil producers about reducing output, which has been above the country’s OPEC+ quota, Interfax news agency reported on Thursday citing the energy ministry. Kazakhstan has been pumping oil above the limit agreed by the Organization of the Petroleum Exporting Countries and its allies led by Russia for …
Kazakhstan in Talks With Oil Producers About Output Cuts, Ifx Reports Read More »
Taiwan is planning a surge in US purchases over the next decade that would triple the share of American liquefied natural gas in the island’s mix. State-operated entities could buy goods worth $200 billion from the US over the next 10 years, Minister of Economic Affairs Kuo Jyh-Huei said Thursday, according to a report from Taipei-based …
Taiwan Aims to Triple US Share of LNG to Avoid Tariffs Read More »
Summary • Electricity customers hope to cut wait times to connect to grid • The first time AI will be used to manage grid connections • US power demand jumps as Big Tech rolls out data centers for AI (Reuters) – Alphabet Inc’s Google unit is partnering with the largest electrical grid operator in North …
Google Deploys AI to Speed up Connections at PJM, Largest US Power Grid Read More »
Amid the market carnage and turmoil created by U.S. President Donald Trump’s chaotic global tariff roll out and retreat, there are likely some clear trends that will emerge. One of these is that countries seeking to cut a deal with Trump will try to purchase more U.S. goods in order to lower their trade surpluses …
Want to Cut Your Trade Surplus with Trump? Crude, LNG and Coal Can Help – A Bit: Russell Read More »
U.S. pipeline operator Energy Transfer said on Wednesday it entered into a nonbinding agreement with MidOcean Energy to jointly develop the Lake Charles LNG export facility in Louisiana. MidOcean will pay for 30% of the construction costs of the facility and receive 30% of the LNG production, or roughly 5.0 million metric tonnes per annum …
Energy Transfer Signs Deal with MidOcean for Lake Charles, Louisiana, LNG Project Read More »
U.S. natural gas futures jumped about 10% on Wednesday, rising along with Wall Street and other energy prices after U.S. President Donald Trump said he would temporarily lower new tariffs on many countries, even as he raised them further on imports from China. Gas prices also gained support from a decline in output in recent …
US Natgas Prices Jump 10% After US President Trump Pauses Most Tariffs Read More »
MANSFIELD, S.D. (AP) — Jared Bossly was planting soybeans one spring night in 2023 on his 2,000-acre farm in South Dakota when he spotted a sheriff’s vehicle parked at the corner of his property. He had a hunch it wasn’t a social visit. “I’m like, ‘Well, I doubt he’s just being a friendly neighbor, giving …
