Chevron’s Venezuelan Oil Cargoes Canceled, Stalled Amid Payment Uncertainty

Conventional Energy, Latest, US News / By

Summary • PDVSA cancels authorizations for Chevron-chartered ships • Chevron awaits paperwork for cargo return to Venezuelan ports (Reuters) – At least two vessels carrying Venezuelan crude chartered by Chevron are stalled due to state oil company PDVSA canceling their export authorizations, according to shipping data and sources, as the government had no certainty of …

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Global Investors Hunker Down for Volatility Even as Tariff Pause is Welcomed

CDN and International News, Energy Topics & Technology, Finance, Latest, Tri-Pinned / By

(Reuters) – As the dust settles after a bruising week eased by U.S. President Donald Trump’s tariff pause, the takeaway from global investors is loud and clear: market turbulence is here to stay. In a stunning reversal on Wednesday, Trump said he would temporarily lower the hefty duties newly imposed on dozens of countries while …

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Brent, WTI Prices Climb More $1 on Possible Iran Crude Restriction

Conventional Energy, Latest, Oil, US News / By

By Erwin Seba China imposes 125% tariff on US goods, escalating trade war EIA lowers global economic growth and oil demand forecasts April 11 (Reuters) – Brent and West Texas Intermediate crude climbed more than $1 on Friday after U.S. Energy Secretary Chris Wright said the United States could end Iran’s oil exports as part …

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DOVGAL: British Columbia’s LNG is Set to Sail

CDN and International News, Conventional Energy, Latest, LNG / By

BC is set to launch LNG exports within weeks, marking a major push to diversify Canada’s energy markets amid growing US trade uncertainty By Margareta Dovgal LNG Canada’s $40-billion plant is but weeks away from shipping its first export cargo. The destination has not been named, but the plant near Kitimat is in final testing …

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COMMENTARY: China Primes Rare Earths Weapon as Trade War Escalates

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By Andy Home LONDON, April 10 (Reuters) – As U.S. President Donald Trump turns up the tariff heat on China, Beijing is targeting ever more of the United States’ critical material supply chains. Weird and wonderful metals such as antimony, gallium and germanium have already been sucked into the escalating trade war with China restricting …

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FTC Takes Step Toward Reversing Chevron, Exxon Board Restrictions

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

(Reuters) – The U.S. Federal Trade Commission took a step toward potentially reversing bans on certain oil executives joining the boards of Chevron and Exxon Mobil that the Biden administration made a condition that allowed them to acquire two other oil producers. Exxon, which acquired Pioneer Natural Resources last year, had agreed to bar former …

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White House Says ‘All Hell to Pay’ Should Iran Develop Nuclear Weapon

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(Reuters) – President Donald Trump wants Iran to know that there will be “all hell to pay” if it does not abandon its nuclear program, his press secretary told reporters on Friday ahead of talks on Saturday between U.S. and Iranian delegations. White House press secretary Karoline Leavitt said Trump’s “ultimate objective is to ensure …

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