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.…
Baker Hughes Says Oil Producers Unlikely to Increase Spending This Year
(Reuters) – U.S. oil and gas producers are unlikely to increase spending this year and output increases will primarily come from improved efficiencies rather than new drilling, Baker Hughes Chief…
U.S. Congress Bill Aims to Prevent Funding of Invasion of Canada
By A new bill introduced to the United States House of Representatives would withhold federal funding for any American “operations to invade or seize territory from” Canada, Panama or Greenland…
Soaring US Power Demand a Big Challenge, US Energy Secretary Says
(Reuters) – U.S. Energy Secretary Chris Wright said on Monday that soaring U.S. power demand growth “is a train wreck waiting to happen,” and requires big investments and regulatory changes…
Chevron CEO Urges Durable, Not Extreme US Energy Policy Swings
(Reuters) – Chevron would like to see durability in U.S. energy policy rather than swings from one extreme to another, CEO Mike Wirth said on Monday. U.S. President Donald Trump’s…
US Energy Secretary Pleased with OPEC Actions So Far
(Reuters) – U.S. Energy Secretary Chris Wright said on Monday that he was pleased with OPEC actions and had no specific requests of the Saudi Arabia-led oil producers group. He…
Trump’s Fossil Fuel Ambitions Rest on Natural Gas
A Venture Global Inc. LNG export facility in Louisiana, with founders Mike Sabel and Bob Pender, Energy Secretary Chris Wright, Louisiana Governor Jeff Landry and Interior Secretary Doug Burgum. Photographer:…
