Major U.S. stock indexes registered their biggest daily percentage drops since 2020 on Thursday and the dollar weakened as U.S. President Donald Trump’s drastic trade tariffs stoked fears of a global recession and led investors to seek safe-haven assets like bonds and the yen. S&P 500 companies lost a combined $2.4 trillion in stock market …
U.S. liquefied natural gas developer Venture Global exported 29 cargoes from its Plaquemines facility in Louisiana during the first quarter of 2025, the company said in a regulatory filing on Thursday. Venture Global realized an average fixed liquefaction fee of $7.26 per million British thermal units (mmBtu) from the Plaquemines plant, it said in the …
Venture Global says it Exported 29 Cargoes from Plaquemines LNG Plant in Q1 Read More »
Elliott Investment Management said on Thursday that Phillips 66’s stock price could nearly double to $200 if the oil refiner sells or spins off its midstream business and puts more focus on refining and enhances oversight.The activist investor, which owns a $2.5 billion stake in the company, also slimmed down to four the number of …
Elliott Says Phillips 66 Share Price Could hit $200 if Changes are Made Read More »
Canvas Energy, formerly Chaparral Energy, holds 223,000 net acres in the Anadarko Basin, where M&A has been gathering momentum.
Billions of dollars in capex have been dedicated to hydrogen projects. But some projects have yet to reach final investment decisions amid continued uncertainty surrounding the Inflation Reduction Act and hydrogen production tax credits.
RPC Inc. paid $245 million in cash and other considerations for the wireline service provider.
Construction on the Homer City Generating Station is expected to start in 2026.
By Timothy Gardner WASHINGTON, April 3 (Reuters) – The administration of President Donald Trump said on Thursday it has identified 16 potential sites on U.S. Department of Energy lands where data centers and power plants supporting the boom in artificial intelligence can be developed. WHY IT’S IMPORTANT Rapid growth in AI is leading to the …
US Plans to Develop AI Projects on Energy Department Lands Read More »
By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler Eight OPEC+ members to hike output by 411,000 bpd in MayOil market had expected May hike of 135,000 bpd Decision may force compliance laggards to step up, analyst says Trump has called on OPEC to lower oil prices LONDON/MOSCOW, April 3 (Reuters) – Eight OPEC+ countries unexpectedly …
OPEC+ Unexpectedly Speeds Up Oil Output Hikes, Oil Drops Read More »
(Reuters) – Russia said on Thursday that threats of military strikes against its ally Iran were unacceptable and warned that attacking the Islamic Republic could lead to potentially catastrophic results if nuclear installations were bombed. U.S. President Donald Trump threatened Iran on Sunday with bombing and secondary tariffs if Tehran did not come to an …
Russia Says U.S. Threats of Military Strikes Against Iran Are Unacceptable Read More »
