Why is Trump Threatening to Take Over the Panama Canal?
Panama Canel Newly inaugurated U.S. President Donald Trump is pushing to “take back” the Panama Canal, the world’s second busiest interoceanic waterway, spurring concerns that the United States could invade…
Chevron Partners with Engine No. 1, GE Vernova to Power US Data Centers
The announcement comes just a week after U.S. President Donald Trump revealed a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence, aiming to outpace…
DeepSeek Reveals How Badly Energy Industry Needs AI for Growth
For the past year, their growth expectations and share prices were boosted by the belief that AI would require an unprecedented wave of data center construction. Photographer: Chris Ratcliffe/Bloombe Pipeline…
UK Competition Regulator Launches Inquiry Into $8 Bln SLB-ChampionX Deal
(Reuters) – Britain’s competition regulator said on Wednesday it has launched an inquiry into oilfield services company SLB’s proposed $8 billion deal to buy smaller rival ChampionX. The Competition and…
Wall Street Braces for Oil Refiners’ Lower Q4 Earnings, Tariff Plans
An aerial view of the Valero Houston Refinery is seen in Houston, Texas, U.S. August 31, 2017. REUTERS/Adrees Latif/File Photo Summary Valero to kick off Q4 US refiner earnings on…
Oil Prices Slip as US Inventories Rise; Tariff Concerns in Focus
Summary • API data shows rise in weekly US crude and gasoline inventories• Trump plans to impose Feb 1 tariffs on Canada and Mexico• Libya reports normal oil loadings after…
US Crude Stocks Rise as Refiners Cut Production Amid Winter Storms, EIA Data Shows
Crude inventories rose by 3.5 million barrels to 415.1 million barrels in the week ended Jan. 24, the EIA said, compared with analysts’ expectations in a Reuters poll for a…
US Upstream Oil and Gas Dealmaking Hit $105 Billion in 2024, Enverus Says
Last year’s total deal value fell sharply behind the whopping $192 billion in mergers and acquisitions done in 2023, which included the $60 billion combination of Exxon Mobil and Pioneer Natural Resources.…
DRILL “LESS” BABY, DRILL “LESS”: US Oilfield Firms Face Pricing Squeeze as Fracking Demand Slumps
Summary • US crude output hits record highs as rig count, frac fleets slip• WTI to average $63/bbl in 2025, oil executives planning for $70-75• Quarterly land rig day rates…
Oil Prices Hover Near Two-Week Low, Libya Supply Disruption Offers Support
Summary • Brent up, WTI futures inch up• Protests block loading oil at Libya’s two major ports• China manufacturing activity contracted in January• US set for warmer than normal temperatures…
