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Tesla’s Monthly Sales in Europe Plunge by Half, Signalling Musk Backlash Runs Deep
Tesla has been reeling from protests and boycotts over Musk wading into politics, but it also faces other factors The Associated Press Tesla’s monthly sales in Europe plunge by half, signalling Musk backlash runs deep Tesla sales across Europe plunged by half last month even as growth in the electric car market picked up pace, according to data released Tuesday. …
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Saudi’s Refining Boom Helps it Weather Oil Price War: Bousso
Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports. The world’s top oil exporter has in recent years invested heavily in expanding and modernizing its refining and petrochemical capacity at home and overseas to meet growing demand for …
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OPEC+ Set to Agree on July Oil Output Hike, Sources Say
OPEC+ meets on May 28 to review the market and is not expected to change policy, but sources said they expect an July output hike to be agreed upon by the end of the week.
Building a Pipeline in New York Takes More Than Just a Handshake
The governor pledged to work with the natural gas industry and Trump, but new infrastructure faces formidable obstacles. Last week’s agreement allowing construction to resume on a wind farm off the New York coast was another bit of quid pro quo from US President Donald Trump. His administration agreed to lift a stop-work order that threatened to sink Equinor …
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Norway Oil Industry Set to Invest Record Amount in 2025
(Reuters) – Norwegian oil and gas investments are expected to hit a record this year, and to decline next year, a statistics office survey of industry players showed on Tuesday. The country’s biggest business sector expects to invest 269.1 billion crowns ($26.62 billion) in 2025, up from a 253.8 billion crowns estimate in February and compared to …
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After Reprieve, EU Still in Fix to Find Trade Deal to Satisfy Trump
Summary EU seeks mutually beneficial trade deal with Washington U.S. demands unilateral concessions to cut goods trade deficit EU Commission says leaders’ call has given new impetus to talks (Reuters) – The European Union may have won a reprieve from U.S. President Donald Trump’s threatened 50% tariffs, but it remains unclear how the bloc will square its push for a …
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Oil Steady Ahead of OPEC+ Meeting as Trade War Concerns Ease
(Reuters) – Oil prices were little changed on Tuesday as easing trade war concerns offset expectations OPEC+ will decide to increase their output at a meeting later this week. Brent crude futures were up 26 cents, or 0.4%, at $65 a barrel by 0920 GMT, while U.S. West Texas Intermediate (WTI) crude rose 25 cents, …
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Segrist: China-US Trade War Finds a Plastic Peace
China’s heavy dependence on U.S. ethane is keeping a trade avenue open during the ongoing fight.
Soft China Dampens Asia LNG Demand While Europe’s Imports Ease: Russell
(Reuters) – Asia’s imports of liquefied natural gas stagnated in May while Europe’s continued to ease as demand in both of the world’s top-importing regions entered the seasonal slump between winter and summer peaks. Imports of the super-chilled fuel to Asia are on track to reach 22.53 million metric tons in May, up from 21.89 …
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