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US to Revoke Authorizations to Foreign Partners of Venezuela’s PDVSA

Conventional Energy, Latest, Oil, US News / By

The U.S. government has notified foreign partners of Venezuela’s state oil company PDVSA of the imminent cancellation of authorizations that allow them to export Venezuelan oil and byproducts, sources close to the decision by President Donald Trump’s administration said on Saturday. In recent years, former President Joe Biden’s administration granted the authorizations to secure Venezuelan …

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Markets in Q1: Everything’s been Trumped!

Conventional Energy, Energy Topics & Technology, Finance, Latest, Natural Gas, Oil, Tri-Pinned / By

Most investors knew things could turn turbulent this year given U.S. President Donald Trump’s return to power in the world’s biggest economy and financial market, but few predicted the kind of a rodeo ride it has been so far. Scan the surface and world stocks are almost where they started the year, while volatility gauges …

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Trump ‘Pissed Off’ at Putin, Threatens Tariffs on Russian Oil if Moscow Blocks Ukraine Deal

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

U.S. President Donald Trump said on Sunday he was “pissed off” at Russian President Vladimir Putin and will impose secondary tariffs of 25% to 50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine. Trump told NBC News he was angry after Putin last week …

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Judge Rules Against Sale of Gulf of Mexico Oil Drilling Rights

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Offshore, Oil / By

A federal district judge ruled against the Biden administration’s sale of oil and gas drilling rights in the Gulf of Mexico, citing insufficient analysis of the sale’s potential effects on the climate and endangered whales. Summary by Bloomberg AI The judge directed additional arguments on the best remedy, which could include invalidating leases sold in …

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Texas Upstream Oil and Gas Jobs Rise in February, Industry Group Says

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Upstream oil companies ramped up hiring in February, the Texas Independent Producers and Royalty Owners Association (TIPRO) said on Friday, marking the second straight month of growth. WHY IT’S IMPORTANT Hiring in the upstream sector, which includes activities related to drilling and producing oil, can serve as an indicator of the health of the oil …

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US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says

Conventional Energy, Latest, LNG, Natural Gas, Oil, US News / By

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, 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, fell by one to 592 in …

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COMMENTARY: AlexAI on How Much Oil is Left, India’s “dual track” Energy Policy, and How to Build Cheap Nuclear Power Plants – Alex Epstein

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, LNG, Natural Gas, Nuclear, Oil, US News / By

5 answers AlexAI gave to user questions this week. By Alex Epstein Significant advances in LLMs plus the great work of my AI team are making my AI, AlexAI, better than ever. Here are 5 answers AlexAI gave to user questions this week. Want to ask AlexAI a question, have a discussion with him, or have him help …

COMMENTARY: AlexAI on How Much Oil is Left, India’s “dual track” Energy Policy, and How to Build Cheap Nuclear Power Plants – Alex Epstein Read More »

Canada’s Current Liberal Prime Minister Says Nothing off the Table in Response to Trump’s Tariffs

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

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 …

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Oil Approaches One-Month Highs as Investors Assess Supply, Trade War Risks

Conventional Energy, Latest, Oil, US News / By

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 »

US Oil Producers Face New Challenges as Top Oilfield Flags

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

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 »

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