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Trump Says with Lower Oil Prices, Putin is More Eager to Settle the Ukraine War

Conventional Energy, Latest, Oil, US News / By

Summary • Trump claims Russia, Ukraine want peace amid oil price drop • Putin proposes ceasefire for WWII victory anniversary • Trump doubts Russia’s involvement in Nord Stream attack (Reuters) – U.S. President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine and that Russian President Vladimir Putin was more inclined …

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Oil Price Crucial for Russia, but National Interests Come First, Kremlin Says

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

Oil prices play a crucial role in Russia’s budget and the Russian economy overall, but Russian national interests take precedence above all else, Kremlin spokesman Dmitry Peskov said on Tuesday. Peskov was commenting on remarks by U.S. President Donald Trump, who suggested that President Vladimir Putin might be more inclined to resolve the conflict in …

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Woodside Targets Another 20%-30% Selldown of $17.5 Billion Louisiana LNG Project

Conventional Energy, Latest, LNG, US News / By

Woodside Energy, Australia’s top natural gas producer, said on Tuesday it would seek to sell a further 20%-30% stake in Louisiana LNG, with interest growing in the $17.5 billion project since its final approval last week. Liz Westcott, chief operating officer for Australia, said the planned selldown of Woodside’s wholly owned holding company for the …

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Warren Buffett to Remain Berkshire Chairman but Shares Fall after Greg Abel Named CEO

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

Chairman after vice chairman Greg Abel takes over as CEO. Summary • Buffett’s decision to give up CEO job ‘a shocker’ • Buffett could serve as mentor, help in acquisitions • Stock price falls 5% though Abel’s ascension was expected (Reuters) – Warren Buffett will stay on as chairman of Berkshire Hathaway after Vice Chairman …

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Saudi Arabia Can Control Oil Supply. Demand Could be its Achilles Heel: Bousso

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

 (The opinions expressed here are those of the author, a columnist for Reuters.) * Saudi-led OPEC+ to sharply increase output by June * Riyadh appears willing to enter price war * Signs that oil demand could be hit due to trade wars By Ron Bousso LONDON, May 6 – Saudi Arabia has signalled that it …

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E&P Highlights: May 5, 2025

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Here’s a roundup of the latest E&P headlines, including a new robotic manufacturing system and a learning platform for drilling contractors on the way in 2026.

SM: Uinta Still Economic at $55 WTI

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While SM Energy has no plans to pare its oil-focused D&C plans, it could redirect iron and pressure pumping to its gassier and NGL-rich South Texas property if WTI tumbles below $50.

Diamondback Energy, Inc. Announces First Quarter 2025 Financial and Operating Results

Latest, Press Releases / By

MIDLAND, Texas, May 05, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2025. FIRST QUARTER 2025 AND RECENT HIGHLIGHTS Average oil production of 475.9 MBO/d (850.7 MBOE/d) Net cash provided by operating activities of $2.4 billion; Operating Cash …

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Supply Issues, Compliance Costs Drive up California Fuel Prices, EIA Says

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

(Reuters) – Drivers in California pay higher prices at the pump than any other state in the country due to supply issues, costs from environmental compliance and fuel requirements, and high state taxes and fees, the U.S. Energy Information Administration said on Monday. In March, costs from Californian environmental programs such as Cap-and-Trade and the …

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