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President Donald Trump touted his administration’s work on a “gigantic natural gas pipeline in Alaska” during his joint address to Congress. Summary by Bloomberg AI The project, which has been planned for decades, aims to transport natural gas across the state and export it overseas, with potential investment from Japan, South Korea, and other nations. …
Trump Touts Plans to Spur Mammoth Alaska Gas Export Project Read More »
Affects 1.5 million homes in Minnesota, Michigan and New York Bloomberg News Ford has written letters to the governors of those states to inform them of the surcharge, he told reporters at the provincial legislature. “If these tariffs persist, if the Trump administration follows through on any more tariffs, we will immediately apply a 25 …
Summary • Brent, WTI head for first monthly drop in three months • Iraq to announce resumption of oil exports from Kurdistan region HOUSTON, Feb 28 (Reuters) – Oil prices fell on Friday and were headed for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian …
Oil Falls on White House Clash, Tariffs, Iraq Exports Read More »
Drillers are ramping up consolidation as the new administration changes US policy toward fossil fuels. By David Wethe Welcome to our guide to the commodities powering the economy. Today, reporter David Wethe examines how the shale industry is responding to the Trump administration’s enthusiasm for fossil fuels. Appetite for deals in the US shale patch …
Shale Revives Deal-Making Agenda After Trump Changes Course Read More »
(Reuters) – The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production under the 2022 Inflation Reduction Act later this week, according to two sources familiar with the matter. The long-awaited guidance will provide a pathway for hydrogen produced using nuclear power to access the credits, the sources …
U.S. to Issue Hydrogen Credit Rule this Week, With Path for Nuclear, Sources Say Read More »
U.S. natural gas futures fell more than 5% on Thursday from a near two-year high in holiday-thinned trade as forecasts for less cold conditions in the short term overshadowed support from a rise in the amount of gas flowing to liquefied natural gas (LNG) export plants. Front-month gas futures for January delivery on the New …
US Natgas Prices Retreat From 2-Year Peak on Less Cold Forecasts Read More »
U.S. President-elect Donald Trump said on Tuesday that any person or company investing at least $1 billion into the U.S. “will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.” The statement, posted on his social media platform Truth Social, did not offer further details. Trump’s transition team …
Trump Says Anyone Investing $1 Billion in U.S. Will Receive Expedited Permits Read More »
The private equity owner of Ridgemar Energy is exploring a sale of the U.S. oil and gas producer that could value the company at more than $1 billion, including debt, people familiar with the matter told Reuters on Wednesday. Ridgemar, which is backed by Carnelian Energy Capital, is working with investment bankers at RBC Capital …
Ridgemar’s Owner Explores $1 Billion-Plus Sale of US Oil Producer Read More »
Bloomberg News The chief executive of Exxon Mobil Corp. on Tuesday discouraged President-elect Donald Trump from withdrawing the US from the landmark Paris climate pact, arguing that would mean forfeiting a chance to push for “common sense” carbon-cutting policy on the world stage. “The way you influence things is to participate, not to exit,” Darren Woods said in an interview during …
Exxon CEO Pushes Back on Trump’s Anti-Climate Change Agenda Read More »
Investors ramped up oil futures and options trading in October to record levels in a bid to hedge growing uncertainty as war rages on in the Middle East and a bearish 2025 supply and demand outlook looms, triggering big swings in crude prices. Hedging can help producers reduce risk and protect their production from sharp …
Oil Hedging Activity Hits Record in October as Traders Eye Market Risks Read More »
