Latest

Oil Falls as China Stimulus Fails to Boost Sentiment, US Dollar Strength

Summary Brent, WTI falls over 1% on China, US dollar strength China’s latest stimulus package fell short of expectations US storm Rafael subsides Nov 11 (Reuters) – Oil prices fell on Monday, after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s No. 2 oil consumer and as the U.S. dollar edged …

Oil Falls as China Stimulus Fails to Boost Sentiment, US Dollar Strength Read More »

Trump Prepares to Withdraw from Paris Climate Agreement, New York Times Reports

(Reuters) – U.S. President-elect Donald Trump’s transition team has prepared executive orders and proclamations on withdrawing from the Paris climate agreement and shrinking the size of some national monuments to allow more drilling and mining, the New York Times reported on Friday. Trump is also expected to end the pause on permitting new liquefied natural …

Trump Prepares to Withdraw from Paris Climate Agreement, New York Times Reports Read More »

Over 23% of Crude Oil Production Shut in US Gulf of Mexico Due to Hurricane Rafael

(Reuters) – Over 23% of crude oil production and 10% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Friday. Energy producers had shut in 408,830 barrels per day of oil production and nearly 201 million cubic …

Over 23% of Crude Oil Production Shut in US Gulf of Mexico Due to Hurricane Rafael Read More »

Trump Considering Doug Burgum as New ‘Energy Tsar’ to Slash Regulations, FT Reports

(Reuters) – President-elect Donald Trump is considering North Dakota Governor Doug Burgum to be his new “energy tsar”, the Financial Times reported on Friday. Burgum is Trump’s preferred candidate for the role, the newspaper reported citing people familiar with the discussions, adding that former energy secretary Dan Brouillette is also a contender. The new energy …

Trump Considering Doug Burgum as New ‘Energy Tsar’ to Slash Regulations, FT Reports Read More »