Trump Freezes Department of Energy’s $50 Billion Budget
In a sweeping move that halts billions in spending, President Trump’s administration has frozen the Department of Energy’s (DOE) activities pending a comprehensive review of its alignment with his priorities.…
Rystad Says Significant Uptick in USA Oil Output Highly Unlikely
In a special U.S. policy oil and gas market update sent to Rigzone by the Rystad Energy team late Wednesday, Matthew Bernstein, a vice president of upstream research at Rystad,…
SC Analysts Define ‘Most Important Current Feature’ of Oil Market
In a report sent to Rigzone by Standard Chartered Bank Commodities Research Head Paul Horsnell late Tuesday, analysts at the bank, including Horsnell, noted that, in their view, “the most…
Trump Browbeats Davos Elite to Curb Oil Prices, Interest Rates
US President Donald Trump said he would ask Saudi Arabia and other OPEC nations to “bring down the cost of oil,” casting the push for more crude output as a…
Chevron completes $48 billion Tengiz oil field expansion as Trump pushes OPEC
(Bloomberg) – Chevron Corp. said Friday it completed an expansion at Kazakhstan’s huge Tengiz oil field, which is expected to pump 1 million barrels a day (bpd) by the middle…
BMI Says Trump Orders Poised to Have Profound Implications for Energy
The executive orders issued by President Trump are poised to have profound implications for both the U.S. and global energy landscapes, analysts at BMI, a unit of Fitch Solutions, stated…
President Trump Gives Directive to Rename Gulf of Mexico
U.S. President Donald Trump gave a directive to rename the Gulf of Mexico the Gulf of America in an executive order issued on January 20, which was published on the…
EU Should Talk to USA Before Retaliating on Tariffs, Kukies Says
German Finance Minister Joerg Kukies suggested the European Union might be in a better position if it talks with the US about potential trade tariffs instead of immediately imposing countermeasures.…
President Trump Issues Raft of Energy Orders
Donald J. Trump issued a raft of energy orders during his first day as the 47th President of the United States. Under one executive order, which was posted on the…
Russia’s Baltic Oil Shipments Drop 10% After EU sanctions
Russia’s oil shipments via the Baltic Sea declined 10% over the final four months of 2024 due to the impact of EU sanctions against Russian oil and gas exports, the…
