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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 »
While tariffs can be disruptive in any market, they threaten to be particularly troublesome for a North American energy industry that already largely favors U.S. interestsBloomberg News Though U.S. president-elect Donald Trump exempted energy products from tariffs during his previous term, his threat last month said they will apply to “ALL products” from Canada and …
No Winners Seen in Trump’s ‘Hugely Destructive’ Energy Tariffs Read More »
Summary OPEC+ to discuss oil policy on Dec. 5 US oil and fuel stockpiles rose last week Israel warns of renewed war in Lebanon South Korea president faces impeachment after martial law debacle Dec 4 (Reuters) – Oil prices were little changed on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts …
Oil Prices Steady Ahead of Imminent OPEC+ Decision; Geopolitical Turmoil in Focus Read More »
By Gavin Maguire (Reuters) – Natural gas prices in Asia, Europe and North America have climbed by around 30% to 50% so far in 2024, and look set to keep rising over the coming months as forecasts for cold weather trigger higher heating demand in key consumer hubs. Active restocking of rapidly-declining gas inventories in Europe …
Key Global Natural Gas Prices Set to Keep Rising into 2025 Read More »
Summary Tariffs could raise US fuel prices by 10%, analysts say Many refineries configured to run heavy Canadian grades Midwest refineries most reliant on Canadian crude imports Gulf Coast refiners have some capacity to import more OPEC oil (Reuters) – U.S. President-elect Donald Trump’s pledge to impose tariffs on Canada would drive up fuel prices for …
Executive order on energy could restart export permit approval Broad energy package planned for Trump’s first days in office President-elect Donald Trump’s transition team is crafting an executive order to lift a moratorium on natural gas export permits that was put in place by the Biden administration, people familiar with the matter said. The move …
Trump Team Preparing Early Action to End Biden’s LNG Pause Read More »
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday. “We’re not going to see anybody in ‘drill, baby, drill’ mode,” Liam Mallon, head of Exxon’s upstream division, told the Energy Intelligence Forum conference in …
Liberty Energy CEO has said there is no climate crisis Trump cites goals of deregulation, getting US energy dominance President-elect Donald Trump nominated Chris Wright, who runs a Colorado-based oil and natural gas fracking services company, to lead the Energy Department. Wright, the chief executive officer of Liberty Energy Inc., has no previous Washington experience. He’s made a name …
Trump Chooses Oil Fracking Boss Chris Wright as Energy Secretary Read More »
Summary Energy and LNG executives express relief at Trump’s election win Expect regulations will ease under new administration Environmental groups promise fight to block LNG expansion (Reuters) – U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans. Their …
U.S. LNG Developers See Trump Win Lifting Pall Over Expansions Read More »
Oil and gas extraction has seen the fastest labor productivity gains of any sector in the past decade. In a dusty swath of sagebrush country near the Texas-New Mexico border, engineers at oil producer Matador Resources Co. encountered a problem. Conventional wisdom called for drilling four wells into the ground and then horizontally to access layers of …
Oil Was Written Off. Now It’s the Most Productive U.S. Industry Read More »
