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U.S. President Donald Trump on Thursday said he would be moving ahead to put a 25% tariff on imports from Mexico and Canada that would take effect on Feb 1. When asked if the tariffs would include tariffs being impossed on oil imports, Donald Trump responded as follows. “We may or may not. We’re going …
52-page document details which programs are under review White House is scrutinizing funding as part of overhaul A $400 billion green bank for clean energy projects and a popular consumer tax credit for electric vehicles are among federal programs being scrutinized amid a broader order from the Trump administration for a government-wide spending freeze. The …
Trump Eyes Biden’s Green Bank, EV Tax Credits Amid Freeze Read More »
(Reuters) – Britain’s competition regulator said on Wednesday it has launched an inquiry into oilfield services company SLB’s proposed $8 billion deal to buy smaller rival ChampionX. The Competition and Markets Authority (CMA) said it is looking at whether the deal, which was announced last April, would raise competition concerns in any UK markets. It …
UK Competition Regulator Launches Inquiry Into $8 Bln SLB-ChampionX Deal Read More »
Summary Valero to kick off Q4 US refiner earnings on Thursday Soft fuel demand continues to weigh on Q4 refining margins US gasoline futures crack spread hit one-year low in December Investors to focus on refiners’ plans to limit impact of Trump’s tariffs (Reuters) – Wall Street is bracing for a sharp decline in U.S. …
Wall Street Braces for Oil Refiners’ Lower Q4 Earnings, Tariff Plans Read More »
From pipelines to reactors, companies bank on data center boom DeepSeek’s more efficient model threatens growth forecasts Pipeline networks and nuclear startups. Texas landowners and fuel-cell makers. In one brutal blow, DeepSeek has revealed just how many energy-related businesses in the US have been banking on an artificial intelligence boom — and the surge in …
DeepSeek Reveals How Badly Energy Industry Needs AI for Growth Read More »
Energy major Chevron said on Tuesday it has signed an agreement with investment firm Engine No. 1 and GE Vernova to build natural gas-based power plants to run co-located data centers in the U.S. The announcement comes just a week after U.S. President Donald Trump revealed a private sector investment of up to $500 billion …
Chevron Partners with Engine No. 1, GE Vernova to Power US Data Centers Read More »
Oil and gas producer partners with GE Vernova, Engine No. 1 Chinese AI company DeepSeek throws power forecasts into doubt A power substation near a data center in Ashburn, Virginia. Photographer: Nathan Howard/Bloomberg Chevron Corp. is launching a partnership to develop natural gas-fired power plants next to data centers, a move that will allow it to …
POWERING UP! Chevron Plans to Build Gas Plants to Power AI Data Centers Read More »
Shares of U.S. power, utility and natural gas companies sold off on Monday in some of the biggest recorded one-day drops, as new AI technology from Chinese start-up DeepSeek cast doubt on a projected surge in U.S. electricity demand and tech spending. Power producers were among the biggest winners in the S&P 500 last year …
US Power Stocks Plummet as DeepSeek Raises Data Center Demand Doubts Read More »
Lyondell Basell Industries began shuttering its 263,776 barrel-per-day (bpd) Houston refinery on Monday for permanent closure, said people familiar with plant operations.The shutdown of the refinery is expected to be completed by early February as the refinery has only a few days of supply of crude oil on hand, the sources said.
Donald Trump made liberal use of emergency powers during his first stint as US president and is employing the same playbook this time around. Just hours after being sworn into office for a second term, he declared that the domestic energy landscape and situation at the border with Mexico constitute national emergencies. By designating something …
What It Means When Trump Declares a National Energy Emergency Read More »
