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Tankers Chartered by Chevron to Move Venezuelan Crude Seek Other Business

Conventional Energy, Latest, Oil, US News / By

By Arathy Somasekhar Marketing of the ships indicates Chevron will not load all cargoes this month One Venezuelan crude cargo still pending return Vessels chartered by Vitol, Reliance and Maurel & Prom departing on schedule HOUSTON, April 23 (Reuters) – Some tankers Chevron had chartered to move crude from Venezuela to the United States this …

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Baker Hughes Forecasts Drop in Producer Spending as Tariffs Pinch Demand

Energy Topics & Technology, Exploration & Production, Forecasts, Latest, US News / By

By Arathy Somasekhar and Mrinalika Roy Baker Hughes sees 2025 upstream capex down by high-single digits Warns of tariff cost impact, working to raise domestic sourcing LNG technologies and equipment seen as bright spot for Baker HOUSTON, April 23 (Reuters) – U.S. oilfield service provider Baker Hughes (BKR.O) on Wednesday forecast steeper drops in spending …

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US Oil Refiners’ Q1 Profits Likely Fell Despite Stronger Margins

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

By Nicole Jao Investors keep focus on impact from Trump’s sweeping tariffs Analysts expect top refiners to report lower Q1 profits Earnings under pressure due to heavy maintenance, unplanned outages in Q1 Refining margins showed signs of improvement Trade wars dent refined product demand outloook NEW YORK, April 23 (Reuters) – Investors are expecting top …

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US Crude Stockpiles Post Surprise Build as Imports Jump, EIA Says

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

(Reuters) – U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline and distillate inventories fell more than expected, the Energy Information Administration said on Wednesday. Crude inventories rose by 244,000 barrels to 443.1 million barrels in the week ended April 18, the EIA said, compared with analysts’ expectations in a …

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US Natgas Futures Prices Decline on Worries About AI Power Demand Growth

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Natural Gas, US News / By

(Reuters) – U.S. natural gas futures have fallen from a 26-month high hit last month in part due to investor worries that slower economic growth could reduce the amount of gas needed to power data centers and artificial intelligence (AI) in coming years. Analysts have warned that the fallout from U.S. President Donald Trump’s on-again …

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Weak Oil Prices, Limited Shale Acreage to Hit Energy M&A in 2025, Enverus Says

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

(Reuters) – The U.S. upstream oil and gas M&A market is bracing for the most challenging conditions since the COVID-19 pandemic as oil prices slump and prime acreage dries up, analytics firm Enverus said on Wednesday, even though dealmaking jumped last quarter to the second-best start to the year since 2018. The expected downturn in …

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Trump Threat Vaults Energy Policy to Center Stage in Canada Election

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

An unusual consensus around energy policy has emerged in the campaign ahead of Canada’s April 28 election, with the two main candidates both promising to fast track energy projects to diversify oil exports away from the United States. U.S. President Donald Trump’s tariff threats and talk of annexing Canada as the 51st state sparked a …

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