Goldman Sachs Sees Downside Risk to Oil Price View Amid Tariffs, Spare Capacity
(Reuters) – Tariff escalation and high spare capacity skew medium-term risks to Goldman Sachs’ oil price forecast to the downside, the bank said. “While we reduced our Brent forecast range…
Oil Titans Uneasy Over Tariffs and Crude Prices Meet With Trump
Oil company CEOs will meet with President Trump to express gratitude for his support of the industry, but also to caution him about potential negative consequences of his policies. Summary…
Big Tech’s Data Center Boom Poses New Risk to US Grid Operators
• Data center disconnections threaten grid stability, regulator says• Grid operators face resistance from data centers on proposals for a fix• Texas incidents highlight risks of sudden disconnections by crypto…
US Crude Stocks Rise More Than Expected But Gasoline and Distillate Inventories Fall – EIA
(Reuters) – U.S. crude stocks rose more than expected even as gasoline and distillate inventories fell last week in a sign of sustained fuel demand, the Energy Information Administration said…
US Oil Company APA Lays Off Nearly 15% of Staff, Bloomberg News Reports
(Reuters) – U.S. oil producer APA has cut nearly 300 employees globally in January and late February, Bloomberg News reported on Wednesday. The figure amounts to around 10% to 15%…
Trump to Clear Venture Global LNG Exports From Louisiana Project, Bloomberg News Reports
(Reuters) – U.S. President Donald Trump’s administration is set to grant Venture Global LNG conditional approval to export natural gas from a proposed Louisiana facility, which had faced delays under…
Putin Advances Strategic Aims While Ceding Little to Trump
(Reuters) – Vladimir Putin has edged closer to his goal of repairing Russia’s relations with the United States and driving a wedge between the U.S. and Europe, while offering only…
US Crude Oil Imports Fell to Two-Year Low Last Week, EIA Data Shows
(Reuters) – U.S. commercial crude oil imports fell last week by 85,000 barrels per day (bpd) to 5.4 million bpd, the lowest since March 2023, data from the U.S. Energy…
Oil Slips as Putin Agrees 30-Day Halt on Energy Facility Strikes
Summary • Ongoing Middle East turmoil limits oil price declines• API shows weekly US crude stocks rise, fuel inventories fall• US Fed’s interest rate verdict due later in the day…
HSBC Forecasts Surplus Oil in 2025, 2026 on Strong Supply, Sluggish Demand Growth
March 18 (Reuters) – HSBC expects the oil market to be in a surplus in 2025 and 2026 due to strong supply and sluggish demand growth, the bank said in…
