Goldman Sachs Lowers 2026 Oil Price Forecasts Again

Goldman Sachs revised down its annual average price forecasts again for Brent and WTI crude in 2026, citing increased recession risks and the possibility of higher-than-expected OPEC+ supply. In a note dated April 6, the bank cut its 2026 average price forecast by $4 for Brent to $58 a barrel and WTI to $55. The …

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Clean Energy Already Has Big Trade Barriers. Now Comes Trump

Researchers see negative impacts across the board, but some countries and industries are far more exposed. Solar and onshore wind should fare better. One set of US President Donald Trump’s tariffs went into effect on Saturday. The rest are due to begin Wednesday. Stock markets around the world have taken a nosedive, with some indices cratering even …

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China-US Blossoming Petchem Ties Could Be trade War Casualty

Summary U.S. accounted for 62% of China LPG, ethane imports in 2024 While China accounted for a third of U.S. LPG, ethane exports Trade war likely to lead to sharp drop in shipments LONDON, April 7 – The often overlooked yet rapidly expanding petrochemical feedstock trade between the United States and China could become one …

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Shell Lowers First-Quarter LNG Production Outlook

(Reuters) – Shell lowered its first-quarter liquefied natural gas (LNG) production outlook in a trading update on Monday, citing the impact of bad weather in Australia, before it publishes results on May 2. The British company guided for LNG output to reach between 6.4 million and 6.8 million metric tons, down from a previous forecast …

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US Utilities Grapple with Big Tech’s Massive Power Demands for Data Centers

Summary • Utilities face challenges predicting future power demand for data centers • Tech companies seek multiple bids, complicating demand forecasts • Rising costs and AI advancements may reduce future power needs NEW YORK, April 7 (Reuters) – U.S. electric utilities are fielding massive requests for new power capacity as Big Tech scours the country …

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US Offshore Wind Farm Projects Slow as Trump Opposition Adds to Hurdles

(Reuters) – Energy firms have slowed construction of offshore wind farms in the U.S. for various reasons in recent years, including, most recently, opposition from U.S. President Donald Trump’s administration. Offshore wind was a key pillar of former President Joe Biden’s promise that fighting climate change will create jobs and invigorate the economy. In 2023 …

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