Trump May Look Like He’s Winning the Trade War, But Hurdles Remain
On inauguration day, the effective U.S. tariff rate was about 2.5%. It has since jumped to somewhere between 17% and 19%, according to a range of estimates. The Atlantic Council…
Why the Oil Market is Tight Despite Big OPEC+ Output Hikes
The reason is twofold, with some countries finding it hard to pump more, while others are being instructed by OPEC+ to hold back, as punishment for producing above their quotas…
Talen Energy Quarterly Profit Falls on Higher Expenses, Susquehanna Outage
Aug 7 (Reuters) – Utility Talen Energy reported a fall in second-quarter profit on Thursday, hurt by higher energy purchase costs and maintenance expenses associated with a refueling outage at its…
ConocoPhillips to Sell Anadarko Assets for $1.3 Bln; Profit Beats Estimates
(Reuters) – ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating Wall Street estimates for second-quarter profit. Shares of the company rose…
Oil Steadies on Potential Trump-Putin Meeting in Coming Days
Summary US crude inventories fall by more than expected Investors remain cautious after Trump tariffs on India Saudi Arabia raises its crude prices to Asia (Reuters) – Oil prices steadied…
US Refiners Expected to Run Over 90% in Q3
High refining margins are driving the continuing high levels of production from the second quarter into the third, but tropical storms could drive down production along the nation’s refinery row…
India-US Spat Over Trade and Oil Threatens Wider Fallout
U.S. President Donald Trump’s tirade against India over trade and Russian oil purchases threatens to undo two decades of diplomatic progress, analysts and officials say, and could derail other areas…
Secondary Sanctions on Russia to be Implemented on Friday, White House Official Says
Witkoff met Putin for around three hours on a last-minute mission to seek a breakthrough in the 3-1/2-year war that began with Russia’s full-scale invasion of Ukraine. Trump has threatened…
US Crude Inventories Fall as Exports Rise, EIA Says
*Distillate stockpiles drop unexpectedly, down by 565,000 bbls Get the Latest US Focused Energy News Delivered to You! It’s FREE: (Updates throughout, adds market reaction) By Stephanie Kelly NEW YORK,…
US Needs to Ramp Up LNG Production to Satisfy Trade Deals
Countries are cutting trade deals with President Donald Trump by pledging to buy more American energy, and it’s likely most of these additional purchases will be of liquefied natural gas.…
