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Summary Biden-era clean energy subsidies would likely survive Reduction in offshore wind leasing likely Solar, wind energy costs have dropped sharply Oil, gas output already at record highs (Reuters) – Donald Trump’s return to the White House will refocus the nation’s energy policy onto maximizing oil and gas production and away from fighting climate change, but the …
Trump Return Will Slow, Not Stop, U.S. Clean Energy Boom Read More »
Citi forecasted on Wednesday that U.S. President-elect Donald Trump’s second term could exert downward pressure on oil through 2025, with Brent crude forecasted to average at $60 per barrel, primarily due to potential trade tariffs and increased oil supply. The bank notes that Trump’s influence on OPEC+, which is made up of the Organization of …
Trump’s Victory May Pressure Oil Prices Through 2025, Citi Says Read More »
Summary US dollar near four-month high after Trump win China’s October crude oil imports fall Trump expected to ramp up sanctions on Iranian oil Hurricane Rafael shuts 17% of Gulf of Mexico oil output (Reuters) – Oil slipped on Thursday, extending a sell-off triggered by the U.S. presidential election, as a strong dollar and lower crude …
Oil Slips as Investors Digest U.S. Election Fallout Read More »
(Reuters) – President-elect Donald Trump has promised to overhaul U.S. energy policy, with an aim of maximizing the country’s already record-high oil and gas production by rolling back regulation and speeding up permitting. Who will he choose to run the key departments and agencies to get this work done? Here are some of the names …
Who Could Run Trump’s Pro-Drilling Energy Policies? Read More »
(Reuters) – U.S. crude oil, gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending Nov. 1, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.1 million-barrel rise. Crude stocks …
US Crude, Gasoline and Distillate Inventories Rise Last Week, EIA Says Read More »
(Reuters) – Former President Donald Trump’s return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran’s top crude customer, to cooperate, analysts said. Cracking down on OPEC-member Iran would support global oil prices, but the effect could …
Trump Could Harden Iran Oil Stance But Struggle to Stem Flow to China, Analysts Say Read More »
The president-elect advocates more drilling, high tariffs and fewer climate restrictions. Bloomberg Whatever policies he ultimately pursues, Donald Trump’s return to the White House looks certain to send shock waves through global energy markets. In his victory speech, the president-elect said he’d take charge of any decisions relating to “liquid gold,” a pledge that oil …
Trump Sequel Poised to Shake Up Global Energy Markets Read More »
Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what tariffs he enacts. Following are some major issues and sectors to watch:WHAT ROLE WILL ELON …
How Trump’s Second Administration Affects Business: Musk, Tariffs and More Read More »
By Arunima Kumar and Nicole Jao Nov 5 (Reuters) – Oil refiner Marathon Petroleum (MPC.N) reported its third-quarter earnings on Tuesday, beating Wall Street estimates on better-than-expected throughput and utilization rates even as global refining margins decline. The Findlay, Ohio-based company announced an additional $5 billion share repurchase program, and now has $8.5 billion available …
Marathon Petroleum’s Q3 Profit Beats, Boosts Share Buybacks by $5 Billion Read More »
Nov 5 (Reuters) – Oil and gas producers began shutting in U.S. Gulf of Mexico output and pulling workers off platforms on Tuesday ahead of a late hurricane season storm threatening offshore fields. The U.S. National Hurricane Center warned of steady to rapid intensification over the next 24 to 36 hours, with Tropical Storm Rafael …
Oil and Gas Producers Cut US Gulf of Mexico Output Ahead of Storm Read More »
