Oil Up as Israel Says Ceasefire Violated, OPEC+ Delays Meeting
Summary Israel says ceasefire with Hezbollah violated OPEC+ delays meeting to Dec. 5 from Dec. 1 US gasoline stocks showed surprise increase last week Oil prices remain depressed by low…
US Drillers Cut Oil and Gas Rigs for Third Week in a Row – Baker Hughes
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since early…
Trump’s Oil and Gas Math Fails to Add Up
There is a certain mental model of the US energy system that envisions a giant valve hidden beneath the Resolute Desk. The notion that the president can smoothly dial energy…
BlackRock, Vanguard Accused of Antitrust Violations by Texas
BlackRock Inc., Vanguard Group Inc. and State Street Corp. were sued by a group of states led by Texas for allegedly breaking antitrust law by boosting electricity prices through their investments, in the highest-profile…
U.S. to Decide on Another Round of Solar Panel Tariffs
Summary Malaysia, Cambodia, Vietnam, Thailand imports at issue Most solar panels installed in the US are made overseas Nov 29 (Reuters) – U.S. trade officials are expected to announce on…
Exxon Lobbyist Investigated Over Hack-and-Leak of Environmentalist Emails, Sources Say
FBI has been investigating Exxon Mobil consultant Cyber spying operation targeted hundreds of Exxon Mobil critics Leaked documents later cited by Exxon Mobil and others in court filings (Reuters) –…
Trump’s Gas Ambitions Are Bad News for Russia
An LNG tanker docked at the Cheniere liquefaction facility in Corpus Christi, Texas. Liquefied natural gas has turned America into an energy export superpower, and President-elect Donald Trump wants to…
Oil Heads for 3% Weekly Decline as Supply Risks Ease
Summary U.S. crude stockpiles fell more than expected this week Analysts cite outlook for looser 2025 supply and demand balance OPEC+ shifts meeting to Dec. 5, could further delay output…
Oil Rises After Selloff on Possible Middle East Ceasefire
Summary Israel and Hezbollah close to ceasefire deal OPEC+ could leave output cuts in place from Jan. 1 Trump says he will impose 25% tariff on Canadian, Mexican goods President-elect…
U.S. Oil Firms Unlikely to Go ‘Drill, Baby, drill’ Under Trump, says Exxon Executive – “Everybody is Focused on the Economics”
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday.…
