Oil Eases as Traders Assess US Tariffs, OPEC+ Output Hike
Summary OPEC+ to raise production by 548,000 barrels per day for August Trump’s tariffs create uncertainty about global economy Saudi Arabia contributes most to OPEC+ supply hike, analysts say (Reuters)…
Trump Executive Order Seeks End to Wind and Solar Energy Subsidies
Reuters) – U.S. President Donald Trump on Monday directed federal agencies to strengthen provisions in the One Big Beautiful Bill Act that repeal or modify tax credits for solar and…
US Proposes Rules That Could Boost Oil, Gas Output in US West
The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil and gas output from multiple leases using the same well pad, which…
Chevron Preps Quick Closing of Hess Deal and Awaits Result of Exxon Dispute
(Reuters) – Chevron is laying the groundwork to swiftly close its planned acquisition of smaller oil producer Hess, according to two sources and an industry analyst, including by preparing a…
Oil Steadies as Tight Market Supports Despite Big OPEC+ Hike
Summary OPEC+ to raise output by 548,000 bpd in August Goldman expects a final 550,000 bpd OPEC+ hike for September US higher tariffs to take effect on August 1 (Reuters)…
US Gulf Coast Fuel Oil Imports at Record Low as Refiners Opt for Heavier Crude
Summary US refiners shift to domestic output, reducing fuel oil imports Running heavy crude preferred over high-sulphur fuel oil due to cost Middle East demand and Russian supply issues tighten…
US Ambassador Says ‘Win-Win’ Trade Deal With Canada Is Within Reach
The US ambassador to Canada, Pete Hoekstra, is optimistic about trade talks between the US and Canada, believing a fair deal will emerge soon. The US and Canada have an…
Trump’s Tax Package Curbs Renewable Energy Just as AI’s Power Needs Soar
The bill unplugs more than 300 gigawatts of wind and solar projects that would have been built through 2035, according to one analysis. By As Donald Trump’s $3.4 trillion fiscal…
Oil Falls Slightly Ahead of Expected OPEC+ Output Increase
By OPEC+ expected to boost output in August Iran reaffirms commitment to nuclear nonproliferation treaty US tariff risks resurface as July 9 deadline looms CALGARY, July 4 (Reuters) – Oil…
COMMENTARY: Where the Fight Against Energy Subsidies Stands – Alex Epstein
The final “Big Beautiful Bill” failed to truly terminate solar/wind subsidies. But there is still the opportunity to do so, along with making other crucial changes to electricity policy. By…
