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Trump Mulls Revoking Loans From $400 Billion Clean-Energy Office

Conventional Energy, Energy Topics & Technology, Finance, Latest, Renewable Energy, Solar, US News, Wind / By

Administration considering retooling energy loan program Loan program could be revamped to focus on different sectors The Trump administration is exploring legal options to cancel loans issued under a $400 billion program to finance clean-energy technology as it considers overhauling the initiative, according to a person familiar with the matter. The newly installed director of …

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Pearl Energy-Backed Infinity Natural Resources Raises $265 Mln in US IPO

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

 Private equity-backed oil and natural gas producer Infinity Natural Resources on Thursday raised $265 million in its initial public offering in the United States. The company, backed by buyout firms Pearl Energy Investments and NGP, sold 13.5 million shares at $20, within marketed range of $18 and $21. Energy has been a major theme in …

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Trump Says He’s Moving Ahead With 25% Tariff on Canada and Mexico February 1, but Not Necessarily on Oil

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

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 …

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Federal Reserve Withdraws From Global Regulatory Climate Change Group

Energy Topics & Technology, Finance, Latest / By

(Reuters) – The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system. In a statement, the Fed said it was exiting the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) …

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Canada Runs Deeper Deficits as Finance Minister Resigns, Leaders Call for Trudeau’s Resignation

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Freeland quits ahead of budget update; LeBlanc replaces her The government ran $44 billion deficit in fiscal year 2023-24 Prime Minister Justin Trudeau’s government ran a deeper deficit than projected and broke a fiscal objective outlined by his finance minister, who resigned the day she was set to unveil new spending and revenue estimates. A C$62 …

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Bitcoin is at the Doorstep of $100,000 as Post-Election Rally Rolls On

Energy Topics & Technology, Finance, Latest, US News / By

NEW YORK (AP) — Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000 and investors do not appear to be phased by gravity or …

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Big U.S. Oil Companies Reveal Massive Payments to Foreign Governments

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

(Reuters) – The three largest U.S. energy exploration companies paid more than $42 billion to foreign governments last year, about eight times more than what they paid in the United States, according to regulatory filings. The disclosures from Exxon Mobil, Chevron Corp, and ConocoPhillips were required this year for the first time ever under a new …

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Why Oil Prices Can Rise After an Interest Rate Cut

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

Oil prices can rise after an interest rate cut due to several interconnected economic factors: Weaker Dollar: Interest rate cuts often lead to a weakening of the country’s currency, especially the U.S. dollar. Oil is typically priced in dollars on global markets, so when the dollar weakens, oil becomes cheaper for buyers using other currencies, …

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Texas Capital Ratchets Up Oil Deals as Other Banks Quit Market

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

Texas Capital ranks among banks making biggest inroads Banks are spreading risk through new syndication models A number of US and Canadian regional banks are rapidly expanding their presence in the market for oil, gas and coal dealmaking, in a move that promises to redraw the map for the financing of fossil fuels. Among those …

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