‘What Are You (Trump) Complaining About?’: Economists Attack Trump’s Canada Trade Claims That Are Not Based on Reality
U.S. President-elect Donald Trump has justified his threat of 25 per cent tariffs on Canada by pointing to the U.S. trade deficit. Top Canadian economists have a response to that: it’s…
Enbridge Preps Pipeline Buildout for Trump-Driven Drilling Boom
Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling boom. The company sees an…
Oil Prices Rally 3% as US Hits Russian Oil With Tougher Sanctions
Summary • Brent crude and WTI futures rise over 3% to 3-month high• US announces harshest package of sanctions against Russian oil• Sanctions will hit Russian oil exports – UBS,…
White House Says Domestic Oil Market Resilience Played into Russia Sanctions Timing
(Reuters) – The current resilience of the U.S. oil market was key to the White House’s decision to impose significant sanctions on Russia’s energy sector on Friday, a spokesperson for…
Alaska Wildlife Refuge Drilling Auction Yields No Bids, US Says
(Reuters) – The U.S. Interior Department said on Wednesday that a congressionally mandated oil and gas drilling lease auction in Alaska’s Arctic National Wildlife Refuge received no bids from energy…
Energy Sector Goes From S&P 500’s ‘Worst to First’ in 2025 Start
Gaining despite Wall Street’s dim outlook for oil and gas stocks Energy is the star sector of the S&P 500 index in the early days of 2025, shaking off two consecutive years…
Chevron Targets $6-8 bln in Free Cash Flow Growth Next Year, CEO Says
(Reuters) – Chevron is positioned to increase its free cash flow by $6 billion to $8 billion by next year, and reduce expenses by “a couple billion dollars,” said Chevron…
Don’t Be Fooled by Oil’s Strong Start to 2025
Today, oil strategist Julian Lee looks at the challenges facing OPEC+ plans to raise output this year. The oil market may not be as oversupplied this year as some forecasters…
Oil Prices Edge Higher as Markets Weigh Demand Against U.S. Inventories
Summary • Analysts expect Jan demand to grow by 1.4 mln bpd• US gasoline and distillates stocks rise more than expected• Saudi Arabia crude oil supply to China to fall…
Shell Begins Production at Whale in US Gulf of Mexico
Jan 9 (Reuters) – Oil and gas major Shell (SHEL.L) said on Thursday it had started production at the offshore floating facility Whale located in the Gulf of Mexico. The…
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