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By Alex Lawler and Ahmad Ghaddar New schedule for 7 members to make compensation output cuts Plan represents monthly cuts of between 189,000 and 435,000 bpd Cuts scheduled to last until June 2026 LONDON, March 20 (Reuters) – OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts …
OPEC+ Issues New Plan for Oil Cuts to Compensate for Overproduction Read More »
Summary • Trump EPA last week rolled back dozens of regulations • EU retains stricter regulations for greenhouse gas emissions • Japan and South Korea also seek emissions data for LNG imports • Satellites still monitor emissions, even if EPA does not (Reuters) – U.S. liquefied natural gas exporters, seeking to meet standards of overseas …
US LNG Exporters Stick With Methane Measures Despite EPA Rollbacks Read More »
(Reuters) – Oil prices were little changed on Thursday, as a higher-than-expected fuel inventories drawdown in the U.S and renewed tensions in the Middle East countered strength in the dollar. Brent crude futures slipped 11 cents, or 0.16%, to $70.67 a barrel by 1038 GMT, while U.S. West Texas Intermediate crude (WTI) contract for April …
Oil Prices Hold Steady as Duel Drawdown Counters Strong Dollar Read More »
(Reuters) – The U.S. Energy Information Administration on Wednesday forecast that Alaska’s annual crude oil production will increase in 2026, a first since 2017 and, if realized, the largest since 2002. The agency in its March 2025 Short-Term Energy Outlook report forecasts Alaska’s crude production to rise by “16,000 barrels per day (bbl/d) in 2026 …
Alaska’s Crude Oil Production to Grow in 2026, First Time Since 2017, EIA Says Read More »
(Reuters) – U.S. commercial crude oil imports fell last week by 85,000 barrels per day (bpd) to 5.4 million bpd, the lowest since March 2023, data from the U.S. Energy Information Administration showed on Wednesday. U.S. crude oil imports from top supplier Canada also fell last week to a two year low of 3.1 million …
US Crude Oil Imports Fell to Two-Year Low Last Week, EIA Data Shows Read More »
(Reuters) – U.S. crude stocks rose more than expected even as gasoline and distillate inventories fell last week in a sign of sustained fuel demand, the Energy Information Administration said on Wednesday. Crude inventories rose by 1.7 million barrels to 437 million barrels in the week ended March 14, the EIA said, compared with analysts’ …
Oil company CEOs will meet with President Trump to express gratitude for his support of the industry, but also to caution him about potential negative consequences of his policies. Summary by Bloomberg AI The CEOs are concerned about the impact of low oil prices, trade tariffs, and potential economic declines on their businesses, despite Trump’s …
Oil Titans Uneasy Over Tariffs and Crude Prices Meet With Trump Read More »
(Reuters) – Tariff escalation and high spare capacity skew medium-term risks to Goldman Sachs’ oil price forecast to the downside, the bank said. “While we reduced our Brent forecast range by $5/bbl to $65-80, we expect oil prices to edge up in coming months, and think that market pricing of volatility and of the upside …
Goldman Sachs Sees Downside Risk to Oil Price View Amid Tariffs, Spare Capacity Read More »
Summary Trump to meet with top oil CEOs in closed-door meeting Industry concerned about falling oil prices, looming trade wars Meeting will mark Trump’s first sit-down with oil and gas leaders since return to White House (Reuters) – U.S. President Donald Trump will host top oil executives at the White House on Wednesday as he charts …
Trump to Host Top US Oil Chief Executives as Trade Wars Loom Read More »
Fossil exporters’ status will dwindle from the shift to clean power. By David Fickling The electrons coursing through our grids, turbines and engines are invisible to the human eye, but without them, all the machinery that powers our industrial economy would grind to a halt. Unseen flows of energy drive international relations, too. What’s often …
COMMENTARY: America Will Lose If the EU and China Become Energy Buddies – David Fickling Read More »
