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Mexico Weighs Increasing Fracking to Reduce Reliance on US Gas, FT Reports

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

Mexico has been speaking to private sector companies about increasing fracking to reduce its reliance on U.S. gas amid heightened trade tensions between the two countries, the Financial Times reported on Tuesday. Imports, which are almost entirely from the United States, meet 72% of the total demand for natural gas consumed in Mexico. Any policy …

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Goldman Sachs Forecasts Brent, WTI Prices Under Different Scenarios

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Goldman Sachs forecast that Brent and WTI crude prices would be at $62 a barrel and $58 by December 2025 and at $55 and $51 by December 2026, respectively, under two assumptions. The bank, in a note dated April 7, said that the first assumption is the U.S. economy avoids a recession given …

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Trump to Sign Executive Orders to Boost Coal Industry

Coal, Conventional Energy, Latest, US News / By

(Reuters) – U.S. President Donald Trump will sign executive orders on Tuesday aimed at boosting the nation’s coal industry, two sources familiar with the matter told Reuters. Trump, a Republican who campaigned on a promise to increase U.S. energy output and has sought to roll back energy and environmental regulations since taking office January 20, …

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How the Oil Price Plunge Complicates Saudi Arabia’s Economic Agenda

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

Summary • Benchmark Brent crude oil has neared four-year lows • Oil revenue made up 62% of state budget last year • Kingdom and sovereign fund need more debt, analysts say • Oil giant Aramco, long-time cash cow, slashing 2025 dividends DUBAI, April 8 (Reuters) – Saudi Arabia, with its wealth linked inextricably to oil …

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US Energy Chief Chris Wright Heads to Middle East for Nearly Two weeks

Conventional Energy, Latest, LNG, Oil, Pinned Primary, US News / By

U.S. Energy Secretary Chris Wright on Wednesday will launch a nearly two-week tour of three Middle East countries, including Saudi Arabia, marking his first visit as a U.S. official to the de facto leader of the OPEC oil producer group, a source familiar with the matter told Reuters. The trip, which will also include visits …

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Oil Boss Says Trump Administration Better Have a Plan Amid Rout

Conventional Energy, Latest, Oil, US News / By

By David Wethe A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a US oil boss. “This administration better have a plan @SecretaryWright,” Kaes Van’t Hof, president of Diamondback, said April 6 in …

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US EIA Delays Short-Term Outlook Report Amid Oil Market Downturn

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

By Shariq Khan NEW YORK, April 7 (Reuters) – The U.S. Energy Information Administration said on Monday it is delaying publication of the “Short-Term Energy Outlook” (STEO) report, amid a plunge in oil prices to near four-year lows over growing concerns of a global recession. The report, scheduled for Tuesday, April 8, will now be …

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