Baker Hughes Forecasts Drop in Producer Spending as Tariffs Pinch Demand
By and Baker Hughes sees 2025 upstream capex down by high-single digits Warns of tariff cost impact, working to raise domestic sourcing LNG technologies and equipment seen as bright spot…
US Oil Refiners’ Q1 Profits Likely Fell Despite Stronger Margins
By Investors keep focus on impact from Trump’s sweeping tariffs Analysts expect top refiners to report lower Q1 profits Earnings under pressure due to heavy maintenance, unplanned outages in Q1…
US Crude Stockpiles Post Surprise Build as Imports Jump, EIA Says
(Reuters) – U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline and distillate inventories fell more than expected, the Energy Information Administration said on Wednesday.…
US Natgas Futures Prices Decline on Worries About AI Power Demand Growth
(Reuters) – U.S. natural gas futures have fallen from a 26-month high hit last month in part due to investor worries that slower economic growth could reduce the amount of…
Weak Oil Prices, Limited Shale Acreage to Hit Energy M&A in 2025, Enverus Says
(Reuters) – The U.S. upstream oil and gas M&A market is bracing for the most challenging conditions since the COVID-19 pandemic as oil prices slump and prime acreage dries up,…
Tankers Chartered by Chevron to Move Venezuelan Crude Seek Other Business
By Marketing of the ships indicates Chevron will not load all cargoes this month One Venezuelan crude cargo still pending return Vessels chartered by Vitol, Reliance and Maurel & Prom…
As Tesla Falters, These New EVs Are Picking Up the Pace
By When Artie R. Williams decided it was time to kick his gas habit, he narrowed his search to three options: the Cadillac Optiq, a Porsche Macan EV and the…
US Widens Sanctions on Iran to Target Lucrative Gas Exports
By The US’s campaign to impose “maximum pressure” on Iran’s economy now includes the Islamic Republic’s liquefied petroleum gas exports, as Washington broadens its focus beyond crude oil. The Treasury…
Baker Hughes Flags Tariff Impact on Full-Year Core Profit
(Reuters) – U.S. oilfield technology firm Baker Hughes on Tuesday flagged a potential impact on its annual core profit of between $100 million and $200 million due to tariffs. U.S.…
Oil Prices Rise on Iran Sanctions and Decline in US Crude Stocks
Summary U.S. President Trump softens tone on China and Powell Brent crude benchmark hits highest in almost three weeks Official U.S. crude stocks data at 1430 GMT (Reuters) – Oil…
