US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says
By May 2 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm…
Chevron Meets Wall Street Profit Estimates But Buts Buybacks in Q2
Summary Chevron maintains dividend and share buyback strategy despite lower crude prices Production flat year-over-year, impacted by asset sales Chevron’s Q1 oil and gas earnings drop from previous year HOUSTON,…
Shell Profit Beats Expectations, Buybacks Kept Steady
By Q1 adjusted earnings $5.58 billion above forecast $4.96 billion Will buy back shares worth $3.5 billion in next three months Contrasts with BP that cut buybacks this year CEO…
Exxon Beats Wall Street Profit Estimate, Boosted by Guyana and Permian Production
Summary Exxon on track to meet annual share repurchase target Lower-cost production in Permian, Guyana helps boost earnings Oil and gas production up from a year ago Shares rise about…
Oil Falls as Traders Weigh Potential US-China Trade Talks
Summary China ‘evaluating’ U.S. proposal to ease trade tensions OPEC+ members to discuss June output plan on May 5 Trump threatens secondary sanctions on Iranian oil buyers (Reuters) – Oil…
Venture Global Raises $3 Billion Towards Building CP2 Louisiana LNG Plant
Venture Global is the U.S.’ second-largest LNG exporter and has played a key role in making the country the world’s largest exporter of the superchilled gas. The money raised will…
US, Ukraine May Wait Decade or More to See Revenue From Minerals Deal
The financial payoff from a new minerals deal between Ukraine and the U.S. is likely to take a decade or longer as investors face many hurdles to getting new mines…
COMMENTARY: How Trump’s Tariffs Affect U.S. Economic Freedom—and Why That Matters – Fraser Institute
By and For a moment on April 9, the average U.S. tariff rate leapt to 32 per cent, making American consumers the highest tariffed people in the world. For the…
US Equals Monthly LNG Export Record in April
(Reuters) – The United States in April equaled its record for the largest volume of liquefied natural gas exported as capacity increased with the ramp-up of Venture Global’s Plaquemines plant,…
Trump Says Buying Iranian Oil Must Stop, Threatens Secondary Sanctions on Purchasers
(Reuters) – U.S. President Donald Trump said all purchases of Iranian oil or petrochemical products must stop and any country or person buying any from the country would be immediately…
