Chevron Struggles to Replace Oil, Gas Reserves Amid Hess Deal Limbo
Summary • Chevron’s reserve replacement ratio declines to 45%, raising investor concerns• Hess acquisition would boost Chevron’s prospects with Guyana oilfield stake• Exxon and CNOOC challenged Chevron’s bid for Hess…
Oil Climbs on Supply Worries, Trump Tariffs Check Gains
Summary • Brent, WTI up 0.7% after near 2% rise in prior session• Trump imposes 25% import tariffs on steel, aluminium• Fed to wait until next quarter before rate cut,…
Energy Transfer to Supply Natural Gas to AI Data Center in Texas
Pipeline operator Energy Transfer LP will provide natural gas directly to CloudBurst Data Centers, Inc. as companies prepare for an expected boom in power demand from artificial intelligence. Energy Transfer’s Oasis Pipeline, LP,…
Why Trump Wants Higher Tariffs on Steel and Aluminum
As he tries to reshape US trade ties with the rest of the world, President Donald Trump has unveiled a new tariff threat: He’s pledged to impose a 25% levy on US…
Recent Cold Snap Lead to Fourth-Largest NatGas Storage Withdrawal, US EIA Says
(Reuters) – The United States saw the fourth-largest weekly withdrawal from natural gas storage during mid-January as colder-than-normal temperatures boosted consumption, the U.S. Energy Information Administration (EIA) said on Monday.…
Drill Baby Drill? Not So Much – Bernstein Sees Modest Pullback in Upstream Capex in 2025
** “We see an upstream sector that returns a bit over half its cash flow while investing a bit under half” – brokerage ** Bernstein says that the supply side…
Trump’s Renewables Permit Flip-Flop Unsettles Sector
Contractors installing solar panels at the Phillips 66 Rodeo Renewable Energy Complex in Rodeo, California, last summer. Photographer: David Paul Morris/Bloomberg Renewable-energy developers knew US President Donald Trump preferred oil…
Oil Prices Advance Despite Concern Over More US Tariffs
Summary • Trump to announce 25% steel and aluminium tariffs on Monday• China responds with retaliatory tariffs on some US exports• Trump holds talks with Putin to end Ukraine war…
Where Does the U.S. Get Its Steel and Aluminum From?
Coils of rolled steel sit in an industrial yard with transmission towers and smokestacks in the background at dusk in Hamilton, Ontario, Canada, January 27, 2025. REUTERS/Carlos Osorio/File Phot (Reuters)…
COMMENTARY: Weaponizing Canadian Oil Would Rattle Trump
It’s getting awkward. Photographer: Nicholas Kamm/AFP Canada is in that awkward position where a usually friendly, if erratic, neighbor has suddenly started hammering on the walls. Should it politely ask…
