Ahead of China-US talks, Trump Says 80% Tariff ‘Seems Right’
U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet Chinese economic tsar He Lifeng in Switzerland to discuss containing the damaging trade war between the world’s…
US Oil and Gas Rig Count Falls to Lowest Since January, Baker Hughes Says
The oil and gas rig count, an early indicator of future output, fell by six to 578 in the week to May 9. Baker Hughes said this week’s decline puts…
Oil Prices Post Weekly Gains on US-China Trade Talk Optimism
Summary • All eyes on US-China trade talks in Switzerland after US-UK deal• Trump says 80% tariff on China ‘seems right’• Rising Middle East tensions also support oil prices• OPEC…
US Green Jet Fuel Production Is Still Waiting for Takeoff
It’s good for the planet and good for farmers, yet sustainable aviation fuel is struggling to gain momentum with the Trump administration. By A sample of sustainable aviation fuel produced…
Panasonic to Slash 10,000 Jobs in Shift to Data, Energy Storage
Panasonic shares are up only five per cent since the start of the year, hurt by fears about EV sales and U.S. tariffs By Yuki Furukawa Panasonic Holdings Corp. is…
COMMENTARY: Making the Case for Industrial Freedom—Instead of Tariffs—on Donald Trump Jr’s Show
By Alex Epstein It’s important to have nuanced conversations about tariffs. Recently I had the opportunity to share my view on Donald Trump Jr.’s podcast, Triggered, which is that there are…
US Oilfield Giants Brace for Tough Times as Price Slide Rattles Producers
(Reuters) – Top U.S. oilfield service firms have signaled a challenging period ahead as a recent slide in oil prices pushes producers to temper their drilling activity and rethink their…
Enbridge Beats Q1 Profit Estimates on Mainline and Gas Distribution Growth
(Reuters) – Enbridge surpassed market estimates for first-quarter profit on Friday, driven by higher earnings from its Mainline system and gas distribution unit, and said that U.S. tariffs were not…
US, Russia Explore Ways to Restore Russian Gas Flows to Europe, Sources Say
(Reuters) – With a frost covering Europe’s energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the…
Oil Set for Weekly Gain Ahead of US-China Trade Talks
Summary • All eyes on May 10 US-China talks in Switzerland• OPEC April oil output edged lower, Reuters survey finds• China’s April exports exceed expectations (Reuters) – Oil prices rose…
