Trump’s Budget Bill Boosts Fossil Fuels, Hits Renewable Energy
(Reuters) – The budget bill the U.S. Senate passed on Tuesday and the House of Representatives is now debating for final approval would dampen development of wind and solar power,…
Oil and Gas Activity Contracted Slightly in Second Quarter 2025, Dallas Fed Survey
(Reuters) – Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on…
Oil Futures, Options Trade at Record Levels in Q2 as Investors Navigate Volatility
(Reuters) – Total oil futures and options lots traded on the Intercontinental Exchange (ICE) hit record highs in the second quarter, as U.S. President Donald Trump waged a trade war…
US Net Imports of Crude Soar Last Week to Highest in a Year, EIA Says
(Reuters) – U.S. net imports of crude oil rose to 4.6 million barrels per day (bpd), its highest since June 2024, data from the Energy Information Administration showed, as export…
US Crude and Gasoline Inventories Rise on Lower Exports, Demand, EIA Says
(Reuters) – U.S. crude oil and gasoline inventories rose unexpectedly last week as both exports and demand fell sharply, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose…
Global Energy: Time to Take a Deeper Dive – William Lacey
By This time of year is a highlight for me as my inner nerd gets to have a who pile of data to look at. In the past BP used…
Trump Says US Will Fill Oil Reserves When Market Conditions are Right
U.S. President Donald Trump said on Tuesday that he plans to fill up the U.S. strategic petroleum reserve when the market conditions are right. Get the Latest US Focused Energy…
Oil Prices Rise as Iran Suspends Cooperation with UN Nuclear Watchdog
Summary Iran suspending cooperation with IAEA boosts geopolitical risk premium: analyst Weaker US dollar supportive of oil prices Up next: official US crude inventory report from EIA at 1430 GMT…
US Senate Budget Bill Slashes Money to Fill Oil Reserve
The budget bill slashed the amount of money for crude oil purchases to replenish the SPR to $171 million from $1.3 billion. That’s only enough to buy about 3 million…
US LNG Exports Fall in June Due to Plant Maintenance
The reduction in LNG exports was primarily due to seasonal maintenance, including at Cheniere’s 4.5 billion cubic feet per day Sabine Pass facility in Louisiana and its 2.4 bcfd Corpus…
