Venture Global Flop Swiftly Wipes Out $39 Billion After IPO
Employees and community stakeholders at the Venture Global Plaquemines liquefied natural gas export facility in Port Sulphur, Louisiana.Photographer: Kathleen Flynn/Bloomberg By The list of companies that have flopped out of…
Oil CEOs Back Trump’s Energy Agenda as Crude Hits Fresh Low
By Executives from some of the world’s top oil and gas producers offered full-throated support for President Donald Trump’s “Energy Dominance” on Monday, even as financial markets slumped on broader…
US Approves Permit Extension for Delfin LNG Export Project
Chris Wright displays a signed order approving an LNG permit extension for the Delfin LNG project.Photographer: F. Carter Smith/Bloomberg By US Energy Secretary Chris Wright extended a permit for a…
Oil CEOs Celebrate Trump’s Pivot Back to Fossil Fuels
Executives embrace the administration’s tone at Houston’s CERAWeek conference — but views on prices may cause friction down the line. US Energy Secretary Chris Wright said he wants to reverse…
Conoco CEO Says US Oil Production Will Plateau This Decade
ConocoPhillips CEO Ryan Lance said on Tuesday at the CERAWeek energy conference in Houston that U.S. oil production will plateau later this decade and will stay on the plateau for…
Occidental Petroleum Sees US Oil Output Peaking in Next Five Years
(Reuters) – U.S. oil production will peak between 2027 and 2030, Occidental Petroleum Corp CEO Vicki Hollub said on Tuesday at the CERAWeek conference in Houston, Texas. Her outlook follows…
US Stock Market Loses $4 Trillion in Value as Trump Plows Ahead on Tariffs
Summary • S&P 500 down over 8% from Feb 19 all-time high• Nasdaq confirmed 10% correction from its Dec peak last week• S&P 500 P/E moderates but still high vs…
Global Oil Supply Growth is Outstripping Demand, Gunvor CEO Says
“That’s the problem.” Demand for gasoline and diesel has reached a plateau in China, the world’s second largest consumer, Tornqvist said. The rapid rollout of electric vehicles in China has…
Tesla Stock Price Tumbles on Sales Estimates Pullback
Blowback against chief executive Elon Musk is also hurting Tesla’s standing in some of the world’s biggest EV markets Bloomberg News Tesla Inc. shares plunged to their worst day in…
BlackRock CEO Fink Says Nationalistic US Policies to Stoke Inflation
Pumpjack BlackRock CEO Larry Fink said on Monday that inflation in the United States will be elevated by nationalistic policies, including the deportation of workers. The head of the U.S.…
