Energy Topics & Technology

Auto Added by WPeMatico

Wall Street Week Ahead – Shell-Shocked Markets Brace For More Trump Tariff Tumult

Conventional Energy, Energy Topics & Technology, EnergyNow News and Press Releases, Finance, Latest, LNG, Natural Gas, Oil, Tri-Pinned, US News / By

Tariff-stunned markets face another week of potential tariff turmoil, with fallout from President Donald Trump’s sweeping import levies keeping investors on edge after the worst week for U.S. stocks since the onset of the coronavirus crisis five years ago.Investors will look for signs the stock market may be close to at least a short-term bottom …

Wall Street Week Ahead – Shell-Shocked Markets Brace For More Trump Tariff Tumult Read More »

S&P 500 Loses $5 Trillion in Two Days in Trump Tariff Selloff

Conventional Energy, Energy Topics & Technology, Finance, Latest, LNG, Natural Gas, Oil, US News / By

Global stock markets extended their recent rout on Friday, with S&P 500 companies wiping out $5 trillion in stock market value since U.S. President Donald Trump unveiled sweeping tariffs on Wednesday, while investors fled to the safety of government bonds.The Nasdaq confirmed it was in a bear market, ending more than 20% below its record …

S&P 500 Loses $5 Trillion in Two Days in Trump Tariff Selloff Read More »

Western Canada Select Heavy Crude Discount Enters Sub-$9 Territory

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands / By

The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) continued to narrow on Friday, dipping into sub-$9 territory as global oil prices fell to pandemic levels. WCS for May delivery in Hardisty, Alberta, settled at $8.90 a barrel under WTI, according to brokerage CalRock, after …

Western Canada Select Heavy Crude Discount Enters Sub-$9 Territory Read More »

Refining Stocks Plunge to Near Two-Year Lows as Trump Tariffs Spur Demand Worries

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

(Reuters) – Shares of U.S. refiners fell to two-year lows on Friday in the wake of U.S. President Trump’s announcement of new tariffs, as fears of slower oil and fuel demand and weakening refining margins rattled investors. Top refiners Marathon Petroleum, Valero Energy and Phillips 66 have shed more than $20 billion in market capitalization …

Refining Stocks Plunge to Near Two-Year Lows as Trump Tariffs Spur Demand Worries Read More »

Most Canadians Support Building a West-East Oil Pipeline: Poll

CDN and International News, Energy Topics & Technology, Latest, Pipelines / By

The survey was taken in the same week U.S. President Donald Trump escalated a global trade war A man wearing an “I love Canadian pipelines” shirt applauds during a pro-pipeline gathering in downtown Vancouver, Tuesday, June 18, 2019. Photo by THE CANADIAN PRESS/Jonathan Hayward More than three in four Canadians would support publicly funding an …

Most Canadians Support Building a West-East Oil Pipeline: Poll Read More »

Oil Majors Suffering From OPEC+ Output Hike, Not From U.S. Tariffs, Eni Exec Says

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, US News / By

CERNOBBIO, Italy, April 4 (Reuters) – Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni’s (ENI.MI) top executive Francesco Gattei said on Friday. He added that energy groups could react to the possibility of …

Oil Majors Suffering From OPEC+ Output Hike, Not From U.S. Tariffs, Eni Exec Says Read More »

Brookfield to Buy Colonial Pipeline for About $9 Billion, Including Debt

Conventional Energy, Energy Topics & Technology, EnergyNow News and Press Releases, Latest, Oil, Pipelines, US News / By

Brookfield Infrastructure Partners is buying Colonial Pipeline, the largest U.S. fuel transportation system, in a deal valued at about $9 billion, including debt, the company said on Thursday. The deal to acquire all assets of Colonial Enterprises, including Colonial Pipeline, is expected to close in the second half of 2025. Colonial’s pipeline system stretches over …

Brookfield to Buy Colonial Pipeline for About $9 Billion, Including Debt Read More »

March Madness Replace by Trump Madness: US Stocks Post Biggest Drop Since 2020, Dollar Falls as Trump Tariffs Fuel Recession Fears

Conventional Energy, Energy Topics & Technology, Finance, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

Major U.S. stock indexes registered their biggest daily percentage drops since 2020 on Thursday and the dollar weakened as U.S. President Donald Trump’s drastic trade tariffs stoked fears of a global recession and led investors to seek safe-haven assets like bonds and the yen. S&P 500 companies lost a combined $2.4 trillion in stock market …

March Madness Replace by Trump Madness: US Stocks Post Biggest Drop Since 2020, Dollar Falls as Trump Tariffs Fuel Recession Fears Read More »

Elliott Says Phillips 66 Share Price Could hit $200 if Changes are Made

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, Tri-Pinned, US News / By

Elliott Investment Management said on Thursday that Phillips 66’s stock price could nearly double to $200 if the oil refiner sells or spins off its midstream business and puts more focus on refining and enhances oversight.The activist investor, which owns a $2.5 billion stake in the company, also slimmed down to four the number of …

Elliott Says Phillips 66 Share Price Could hit $200 if Changes are Made Read More »

US Plans to Develop AI Projects on Energy Department Lands

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, US News / By

By Timothy Gardner WASHINGTON, April 3 (Reuters) – The administration of President Donald Trump said on Thursday it has identified 16 potential sites on U.S. Department of Energy lands where data centers and power plants supporting the boom in artificial intelligence can be developed. WHY IT’S IMPORTANT Rapid growth in AI is leading to the …

US Plans to Develop AI Projects on Energy Department Lands Read More »

Subscribe
Subscribe