US Oil Rig Count Falls by Most in a Week Since June 2023, Baker Hughes Says
By April 11 (Reuters) – U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig…
US Energy Secretary Says We Can Stop Iran’s Oil Exports
U.S. Secretary of Energy Chris Wright speaks to the media, outside of the West Wing of the White House, in Washington, D.C., U.S., March 19, 2025. REUTERS/Kent Nishimura/File Photo April…
OPEC Output Hikes, Trade Wars Have US Oil Producers Wary of ‘Drill Baby Drill’
Summary Oil at $55 a barrel, down from $78 before Trump inauguration US oil rig count expected to drop if crude stays below $60 Tariffs will hike costs for steel…
Ten Trading Days That Shook Financial Markets
Grim Financial Markets The pain, said Shuntaro Takeuchi, was 10 out of 10. Not in the portfolio of Japanese stocks he runs out of Palo Alto, California, but in his…
Oil Prices Set to Drop for a Second Week as US-China Trade War to Cut Demand
(Reuters) – Oil prices fell on Friday and were set to drop for a second week on concerns prolonged trade war between the United States and China, the world’s largest…
US Power Use to Reach Record Highs in 2025 and 2026, EIA Says
(Reuters) – U.S. power consumption will hit new record highs in 2025 and 2026, the U.S. Energy Information Administration said in its Short Term Energy Outlook (STEO) on Thursday. EIA…
South Bow Recovers 700 Barrels after Keystone Oil Release; No Restart Timeline
(Reuters) – South Bow on Thursday said it had recovered about 700 barrels of oil from a leak on the Keystone Pipeline earlier this week in North Dakota, which has…
US Will No Longer Require Green Analyses on Western States’ Oil, Gas Leases
(Reuters) – The Trump administration said on Thursday that it will no longer require environmental impact statements for oil and gas leases across the U.S. West, in a step toward…
US EIA Warns of Lower Oil Demand From Tariffs and Trade Uncertainty
(Reuters) – Recent developments in global trade policy are set to lower global oil and fuel demand growth through 2026, the U.S. Energy Information Administration (EIA) said on Thursday in…
New LNG Plant to Boost Venture Global Profits as Calcasieu Serves Long-Term Customers
(Reuters) – Venture Global Inc is about to start selling liquefied natural gas cargoes from a Louisiana export terminal to long-term customers rather than to the highest global bidder, but…
