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(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, remained at 589 in the week …
US Drillers Keep Oil and Natgas Rigs Unchanged for Second Week – Baker Hughes Read More »
Oil companies see Trump as a staunch ally, but some of his proposals threaten their profits Bloomberg News Republican presidential nominee former U.S. President Donald Trump speaks at a campaign town hall at the Greater Philadelphia Expo Center & Fairgrounds, Oct. 14, 2024, in Oaks, Pa. Photo by AP Photo/Alex Brandon Oil industry heavyweights are lobbying U.S. President-elect …
U.S. Oil Sector Pushes Trump to Spare it from Tariffs, Regulation Read More »
Trump has threatened blanket tariffs of up to 25% on products from Canada and Mexico The Associated Press NEW YORK — The U.S. increasingly relies on Canadian crude oil to meet domestic demand and that relationship faces potential strain amid the threat of tariffs from U.S. President-elect Donald Trump. More than 50 per cent of crude oil imported …
Tariff threats Cast a Shadow Over U.S. Reliance on Canada for Oil Read More »
By Reuters Summary Trump has threatened to claw back unspent IRA money Electric vehicle rebates, gas emissions under fire Wind, solar may be untouched (Reuters) – President-elect Donald Trump has vowed to repeal Joe Biden’s signature climate bill called the Inflation Reduction Act, which initially aimed at some $400 billion in new spending and tax cuts …
Trump Aims at Biden’s Inflation Reduction Act: EVs, Clean Energy and Manufacturing Read More »
Summary Benchmark contracts head for weekly loss of nearly 3% Sinopec sees China’s crude imports possibly peaking in 2025 Trump wants EU to buy more US oil, gas or face tariffs LONDON, Dec 20 (Reuters) – Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting …
Oil Falls 1% on Demand Growth Concerns, Robust Dollar Read More »
Summary Trump says EU has tremendous trade deficit with the US Europe is already buying large chunk of US oil and gas US already exporting all energy it doesn’t consume at home EU says ready to discuss trade ties, including energy Dec 20 (Reuters) – U.S. President-elect Donald Trump said on Friday that the European Union may …
Trump Wants the EU to Buy More US Oil and Gas or Face Tariffs Read More »
(Bloomberg) The oil market, range-bound for much of the past two months, feels ready for a holiday reset. After a period of tumult in early autumn, volatility ebbed as direct fire between Iran and Israel eased off, and benchmark futures have been locked in a band of about $6. OPEC+’s recent decision to push back …
(Reuters) – Oil operators in North Dakota, the third-largest producing state in the U.S., are still bringing some facilities back online after wildfires swept through key oil-producing counties in October, the state’s Industrial Commission said on Wednesday. The outages are limited to isolated production facilities such as well pads, which experienced either local equipment damage …
North Dakota Oil Facilities Slow to Come Back Online After October Wildfires Read More »
The US president-elect’s support for tariffs raises concerns about a trade war eroding demand, while others welcome an injection of volatility. The oil traders swarming Miami’s South Beach for three days of holiday drinking, dining and schmoozing were mostly male, mostly White and mostly united in the belief that Donald Trump will champion the industry …
Oil Traders Toasting Trump Are Split on What He Means for the Market, Canada and Mexico Read More »
Summary Guards get around half of Iran’s oil export revenue, sources say China remains top buyer of Iranian oil, including from IRGC Oil trading network set up by late Quds Force boss Qassem Soleimani (Reuters) – Iran’s Revolutionary Guards have tightened their grip on the country’s oil industry and control up to half the exports …
Iran’s Revolutionary Guards Extend Control Over Tehran’s Oil Exports Read More »
