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Canada will wait until next week to strike back against the latest U.S. threat of tariffs and nothing is off the table regarding possible countermeasures, Prime Minister Mark Carney said on Thursday. Carney, warning Canadians that tough times lay ahead, also lamented what he said was the end of a long, mutually beneficial economic and …
By Stephanie Kelly and Enes Tunagur Markets mixed on impact of Trump auto tariffs Tariffs on Venezuelan oil buyers still supporting prices Prices unlikely to return to early 2025 highs, some analysts say NEW YORK, March 27 (Reuters) – Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with …
Oil Approaches One-Month Highs as Investors Assess Supply, Trade War Risks Read More »
By Shariq Khan and Georgina Mccartney Slowest Permian oil output growth forecast since pandemic Permian slowdown in contrast to Trump’s ‘drill, baby, drill’ mantra Gas and water output rises as the field ages, increasing costs Gas-to-oil ratio rises as gas output up eight-fold in past decade Water-to-oil ratio already high at Permian’s core, even higher …
US Oil Producers Face New Challenges as Top Oilfield Flags Read More »
By Emma Sanchez Shale-oil executives assailed President Donald Trump’s trade policies in an anonymous survey, saying his barrage of tariffs were sowing confusion and undermining his goal to unleash America’s energy might. “The administration’s chaos is a disaster for the commodity markets,” one executive said in the report released Wednesday by the Federal Reserve Bank …
Shale-Oil Bosses Slam Trump’s Tariffs in Anonymous Survey Read More »
(Reuters) – Activity in the U.S. oil and gas sector increased slightly in the first quarter of 2025, but uncertainty and pessimism among companies also rose, a Dallas Fed survey showed on Wednesday. U.S. President Donald Trump has promised to unleash U.S. energy dominance, declaring a national energy emergency on his first day in office. …
US Oil and Gas Activity Edged Up in the First Quarter, Dallas Fed Says Read More »
(Reuters) – A federal judge in Alaska ruled that former President Joe Biden’s administration lacked the authority to cancel oil and gas leases that had been issued for development within the Arctic National Wildlife Refuge. U.S. District Court Judge Sharon Gleason in Anchorage on Tuesday sided with a state-owned economic development public corporation in Alaska …
Biden Administration Wrongly Nixed Oil, Gas Leases in Alaska Refuge, US Judge Rules Read More »
(Reuters) – U.S. crude oil inventories fell last week as refiners continued to ramp up production, while gasoline and distillate stockpiles also dropped, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.3 million barrels to 433.6 million barrels in the week ended March 21, the EIA said, compared with analysts’ expectations in …
US Crude Stockpiles Fall as Refining Continues to Rise, EIA Says Read More »
By Ron Bousso Oil majors cut spending, boost shareholder returns amid uncertainty Exxon Mobil bucks trend with increased spending, production plans Peak demand narrative persists despite geopolitical energy shocks LONDON, March 26 – Top oil and gas companies are losing confidence in the outlook for their core businesses. Recent strategy updates by leading European and …
COMMENTARY: Welcome to the Age of Big Oil’s Managed Decline Read More »
Shell CEO Wael Sawan says the company will continue to look for potential acquisitions, but warns of the risks of pursuing a major deal. Summary by Bloomberg AI Sawan expects smaller-scale, bolt-on acquisitions centered around upstream production, and says the company is always looking at dealmaking prospects in Europe and beyond. Summary by Bloomberg AI …
Shell CEO Says Pursuing Major Deal Risks Being a Distraction Read More »
Mizuho cuts EOG Resources to “neutral” from “outperform”, PT by $8 to $140, still a 9.2% upside to last close Says a key concerns is depth and quality of EOG’s remaining shale inventory, esp in oil-focused basins like Delaware, Eagle Ford Adds cash margins per barrel seems to be declining due to higher cash taxes, …
Mizuho Cuts EOG Resources to ‘Neutral’ on Inventory, Margin Worries Read More »
