Oil Prices Slide 2% to Nearly 4-Yr Low as US Trade Conflict Fuels Recession Fears
After crude prices fell about 11% last week, the April 7 losses put both benchmarks on track for their lowest closes since mid-April 2021.
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PE Firm Andros Capital Partners Closes $1 Billion Energy Fund
Andros Capital Partners maintains a flexible investment mandate, allowing the firm to invest opportunistically across the capital structure in both public and private equity or debt securities.
What’s Affecting Oil Prices This Week? (April 7, 2025)
From an upside perspective – a favorable resolution of the tariffs will push the price of Brent crude to $75 and the price of WTI to $70.
Goldman Sachs Lowers 2026 Oil Price Forecasts Again
Goldman Sachs revised down its annual average price forecasts again for Brent and WTI crude in 2026, citing increased recession risks and the possibility of higher-than-expected OPEC+ supply. In a note dated April 6, the bank cut its 2026 average price forecast by $4 for Brent to $58 a barrel and WTI to $55. The …
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Exxon CEO Woods Compensation Rose 19% in 2024
April 7 (Reuters) – Exxon Mobil CEO Darren Woods’ pay package for 2024 rose 19.3% to $44.1 million, a regulatory filing by the U.S. oil major on Monday showed. Woods’ base salary was about $1.96 million, with the majority of his pay package based on variable factors, including a $4.5 million bonus and $26.8 million …
Clean Energy Already Has Big Trade Barriers. Now Comes Trump
Researchers see negative impacts across the board, but some countries and industries are far more exposed. Solar and onshore wind should fare better. One set of US President Donald Trump’s tariffs went into effect on Saturday. The rest are due to begin Wednesday. Stock markets around the world have taken a nosedive, with some indices cratering even …
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China-US Blossoming Petchem Ties Could Be trade War Casualty
Summary U.S. accounted for 62% of China LPG, ethane imports in 2024 While China accounted for a third of U.S. LPG, ethane exports Trade war likely to lead to sharp drop in shipments LONDON, April 7 – The often overlooked yet rapidly expanding petrochemical feedstock trade between the United States and China could become one …
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Stonepeak Acquires Stake in Woodside’s Louisiana LNG for $5.7B
Investment firm Stonepeak purchased a 40% interest in a project Australia’s Woodside Energy bought last year for $900 million.
Shell Lowers First-Quarter LNG Production Outlook
(Reuters) – Shell lowered its first-quarter liquefied natural gas (LNG) production outlook in a trading update on Monday, citing the impact of bad weather in Australia, before it publishes results on May 2. The British company guided for LNG output to reach between 6.4 million and 6.8 million metric tons, down from a previous forecast …
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US Utilities Grapple with Big Tech’s Massive Power Demands for Data Centers
Summary • Utilities face challenges predicting future power demand for data centers • Tech companies seek multiple bids, complicating demand forecasts • Rising costs and AI advancements may reduce future power needs NEW YORK, April 7 (Reuters) – U.S. electric utilities are fielding massive requests for new power capacity as Big Tech scours the country …
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