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Tariff Relief Lifts S&P Futures as Trump Sworn In: Markets Wrap

Presidential memo stops short of calling for new tariffs Trump’s call for national emergency at Mexico border hits peso By Cecile Gutscher and Isabelle Lee Relief that Donald Trump will hold off from imposing China-specific tariffs on his first day in office propelled US equity futures higher on Monday. The dollar slumped. Trump was sworn …

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About 12% of North Dakota’s Oil Output Shut Down by Cold Weather

HOUSTON, Jan 20 (Reuters) – North Dakota’s oil production was estimated to be down by between 125,000 barrels per day (bpd) and 150,000 bpd due to extreme cold weather and related operational challenges, the state’s pipeline authority said on Monday. North Dakota is the third-largest oil-producing state in the country and the impacted production represents …

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US NatGas Futures Drop in Quiet Trade; Frigid Weather Drives Up Spot Rates

(Reuters) – U.S. natural gas futures dropped to a near one-week low in holiday-thinned trade on Monday on forecasts of less cold weather starting late January, even as spot rates climbed as frigid cold conditions for most of the U.S. boosted demand for heating. Front-month gas futures for February delivery on the New York Mercantile …

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The Energy Freedom Plan: 112 Specific Actions the New Admin Can Take to Unleash American Energy – Alex Epstein

I’ve spent the last 18 months compiling the highest-leverage ways to unleash American energy. Here are the results. By Alex Epstein I’ve spent the last 18 months talking to the some of the smartest energy researchers, lawyers, policymakers, and business leaders about the highest-leverage ways to unleash American energy. Here’s the result: 5 goals, 24 …

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What DC Energy Lobbyists Really Think About Trump

Unlike Joe Biden, the incoming president is overtly pro-fossil fuels. But the US oil and gas industry still sees risks ahead. Welcome to our guide to the commodities powering the global economy. Today, senior reporter Jennifer Dlouhy writes about what lies ahead for the US oil and gas industry under Donald Trump. The US will …

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HE’S BACK! Tariffs, Deportations and ‘Drill, Baby, Drill’: What to Watch for as Trump Returns

WASHINGTON — The looming threat of devastating tariffs slapped against Canada hangs over president-elect Donald Trump’s return to the White House Monday. Trump is preparing more than 100 executive orders. It’s unclear what is in the massive package and how many will be signed immediately. Here are five things to watch for out of the …

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Republican-Led States Sue Biden Administration Over Offshore Drilling Ban

Summary • Biden announced ban on Jan. 6, saying it helps fight climate change • Trump says he will reverse it • Republican-led states joined by trade groups in their lawsuit (Reuters) – A group of Republican-led states filed a lawsuit on Friday challenging a ban announced by outgoing Democratic U.S. President Joe Biden earlier …

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SLB Says its Russia Business Aligns With New US Sanctions as Revenue Drops

HOUSTON/WASHINGTON, Jan 17 (Reuters) – Oilfield service provider SLB (SLB.N), opens new tab on Friday said its current business in Russia still aligns with U.S. sanctions issued this month, but that revenue in the country was declining. The world’s largest oilfield service company is one of the few Western firms to remain in Russia after …

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Biden Boosts Loan for ioneer’s Nevada Lithium Mine to Nearly $1 Billion

By Ernest Scheyder Loan increased due to inflation and bigger lithium deposit Rhyolite Ridge to produce 22,000 metric tons of lithium annually Biden administration confident US lithium needs can be met by by 2030s Shares of ioneer gain more than 15% Jan 17 (Reuters) – The U.S. Department of Energy has finalized a $996 million …

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