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How Trump’s Second Administration Affects Business: Energy, Musk, Tariffs and More

Coal, Conventional Energy, Latest, LNG, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what tariffs he enacts. Following are some major issues and sectors to watch: WHAT ROLE WILL …

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Oil Imports Into China Decline Again as Top Buyer Cuts Back

CDN and International News, Conventional Energy, Latest, Oil / By

Year-to-date inflows more than 3% lower amid wider slowdown Local refiners have been reducing throughput on weaker margins Bloomberg Oil imports into China sank again last month, highlighting soft consumption in the largest buyer just as traders weighed the implications of Donald Trump capturing the White House and potential supply rises from OPEC+. Imports contracted …

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Global Solar Capacity Hits 2 TW on Path to Climate Goal, Data Shows

CDN and International News, Latest, Renewable Energy, Solar / By

(Reuters) – Global solar capacity has reached a record 2 terawatts (TW) of capacity, with more added in the last two years than the previous 68 combined, exclusive data from the sector’s global industry group shared with Reuters showed. The updated figures have not previously been published, and the Global Solar Council said they give …

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Halliburton Misses Quarterly Profit Estimates on North America Drilling Demand Weakness

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

(Reuters) – Halliburton  fell short of analysts’ estimates for third-quarter profit on Thursday, as a slowdown in drilling activity in North America weighed on demand for its oilfield services and equipment. Producers have kept a tight lid on production in North America since the downturn in oil prices in 2020 and weak natural gas prices. North …

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Trump Return Will Slow, Not Stop, U.S. Clean Energy Boom

Hydro, Latest, Renewable Energy, Solar, US News, Wind / By

Summary Biden-era clean energy subsidies would likely survive Reduction in offshore wind leasing likely Solar, wind energy costs have dropped sharply Oil, gas output already at record highs (Reuters) – Donald Trump’s return to the White House will refocus the nation’s energy policy onto maximizing oil and gas production and away from fighting climate change, but the …

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Pipeline Operator TC Energy’s Profit Beats on Higher Volumes

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

(Reuters) – Pipeline operator TC Energy’s  third-quarter profit beat Wall Street estimates on Thursday, helped by higher volumes of liquids transported through its system. U.S. imports of crude oil from Canada reached a record in July, benefiting pipeline firms such as TC Energy. Additionally, the U.S. Energy Information Agency said gas consumption in the United …

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Trump’s Victory May Pressure Oil Prices Through 2025, Citi Says

Conventional Energy, Latest, Oil, US News / By

Citi forecasted on Wednesday that U.S. President-elect Donald Trump’s second term could exert downward pressure on oil through 2025, with Brent crude forecasted to average at $60 per barrel, primarily due to potential trade tariffs and increased oil supply. The bank notes that Trump’s influence on OPEC+, which is made up of the Organization of …

Trump’s Victory May Pressure Oil Prices Through 2025, Citi Says Read More »

Oil Slips as Investors Digest U.S. Election Fallout

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary US dollar near four-month high after Trump win China’s October crude oil imports fall Trump expected to ramp up sanctions on Iranian oil Hurricane Rafael shuts 17% of Gulf of Mexico oil output (Reuters) – Oil slipped on Thursday, extending a sell-off triggered by the U.S. presidential election, as a strong dollar and lower crude …

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Who Could Run Trump’s Pro-Drilling Energy Policies?

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

(Reuters) – President-elect Donald Trump has promised to overhaul U.S. energy policy, with an aim of maximizing the country’s already record-high oil and gas production by rolling back regulation and speeding up permitting. Who will he choose to run the key departments and agencies to get this work done? Here are some of the names …

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