Oil Rises on Tariff Exemptions and Rebound in Chinese Imports
Summary • China’s crude oil imports rebounded in March, data shows• OPEC dowgrades its 2025 global oil demand growth forecast• Goldman Sachs sees Brent averaging $63 for rest of 2025…
Doing the Tariff Two-Step
A look at the day ahead in European and global markets from Wayne ColeSo the “reciprocal” tariffs are off smartphones and some electronics, but maybe only for a while as…
NextDecade Strikes LNG Supply Deal with TotalEnergies for 1.5 Million Tonnes Annually
NextDecade has so far contracted a total of 4.6 MTPA of LNG from Train 4 on a long-term basis, most recently with a Saudi Aramco subsidiary, and expects existing long-term commercial agreements…
More Than 2,600 US Energy Dept Staffers Accept Second Offer to Resign, Sources Say
Department of Energy More than 2,600 U.S. Department of Energy staffers have opted to take the Trump administration’s second round of resignation offers, two sources said on Thursday, with offices…
Chevron’s Venezuelan Oil Cargoes Canceled, Stalled Amid Payment Uncertainty
Summary • PDVSA cancels authorizations for Chevron-chartered ships• Chevron awaits paperwork for cargo return to Venezuelan ports (Reuters) – At least two vessels carrying Venezuelan crude chartered by Chevron are…
FTC Takes Step Toward Reversing Chevron, Exxon Board Restrictions
(Reuters) – The U.S. Federal Trade Commission took a step toward potentially reversing bans on certain oil executives joining the boards of Chevron and Exxon Mobil that the Biden administration…
White House Says ‘All Hell to Pay’ Should Iran Develop Nuclear Weapon
(Reuters) – President Donald Trump wants Iran to know that there will be “all hell to pay” if it does not abandon its nuclear program, his press secretary told reporters…
Brent, WTI Prices Climb More $1 on Possible Iran Crude Restriction
By China imposes 125% tariff on US goods, escalating trade war EIA lowers global economic growth and oil demand forecasts April 11 (Reuters) – Brent and West Texas Intermediate crude…
COMMENTARY: China Primes Rare Earths Weapon as Trade War Escalates
By LONDON, April 10 (Reuters) – As U.S. President Donald Trump turns up the tariff heat on China, Beijing is targeting ever more of the United States’ critical material supply…
US Oil Rig Count Falls by Most in a Week Since June 2023, Baker Hughes Says
By April 11 (Reuters) – U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig…
