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APA Curtails US Natgas and NGL Production in First Quarter on Weak Prices

Oil and gas firm APA said on Wednesday it curtailed about 8 million cubic feet per day of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak prices. In January, APA said it reduced production by about 23,500 barrels of oil …

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Texas Wildcatters Grow Impatient With Trump as Oil Prices Tank

US shale oil producers are feeling aggrieved due to President Trump’s trade war, which has led to a market rout and plummeting oil prices. Summary by Bloomberg AI The industry, which heavily supported Trump’s election campaign, is in shock over the rapid decline in oil prices, with many executives expressing frustration and alarm. Summary by …

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US Bonds, Dollar Battered as ‘Sell America’ Trade Heats Up

Global markets were pummelled on Wednesday as President Donald Trump’s eye-watering 104% tariffs on China took effect, and a savage selloff in U.S. bonds sparked fears that foreign funds were fleeing U.S. assets. This week has brought crisis-era volatility to markets, wiping off trillions of dollars in value from stocks and hitting commodities and emerging …

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Russia Says Ukraine Continues to Strike Energy Infrastructure Daily Despite Moratorium

Russia, the world’s second biggest oil exporter, said on Wednesday that Ukraine continued to strike Russian energy infrastructure on a daily basis, in violation of a U.S.-brokered 30-day moratorium on strikes on energy infrastructure. Ukraine and Russia agreed on March 18 to stop attacking each other’s energy facilities, although President Vladimir Putin declined to endorse …

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Chevron to ‘Triple-Frac’ Half of Permian Oil Wells in 2025 to Cut Costs, Time

*Chevron’s triple-frac cuts well completion time by 25% *Technique reduces costs per well by 12% *Triple-frac requires 60% more water and sand per day By Sheila Dang2 HOUSTON, April 9 – U.S. oil major Chevron plans to increase the use of a technique that allows it to fracture subterranean rock in three wells at a …

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Wall Street’s Tariffs Rout Resumes After Rebound Fails

The S&P 500 closed below 5,000 points for the first time in almost a year, reversing a strong morning rally as hopes faded for any imminent U.S. delays or concessions on tariffs ahead of a midnight deadline. The benchmark index fell 1.6% on Tuesday marking a $5.8 trillion loss in market value since President Donald …

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