Trump Puts 90-Day Pause on Higher Tariffs, But Hikes China Rates
By and President Donald Trump announced a 90-day pause on higher tariffs that hit dozens of trade partners after midnight, while raising duties on China to 125%. The president’s about-face…
Oil Jumps 4% After Trump Pauses Tariffs on Many Countries, Raises China levy
By Trump authorizes 90-day pause on tariffs for most countries, raises China tariff rate to 125% China imposes additional tariffs on US goods US crude oil stockpiles rose last week,…
Takeaways from AP and Lee’s Report on a Pipeline Company’s Lawsuits against Midwest Farmers
MANSFIELD, S.D. (AP) — The company behind a proposed pipeline that would transport carbon dioxide emissions from ethanol plants across five Midwest states and store it underground in North Dakota…
A Pipeline Company Filed Hundreds of Lawsuits Against Landowners. Now its Project is Threatened
MANSFIELD, S.D. (AP) — Jared Bossly was planting soybeans one spring night in 2023 on his 2,000-acre farm in South Dakota when he spotted a sheriff’s vehicle parked at the…
US Refiners UNLIKELY to Spend Big to Process More Domestic Oil
*Changing refinery setup can be a lengthy and expensive process *Running different crude types impacts refinery yields, margin By Arathy Somasekhar U.S. refiners are not planning to make big-ticket investments…
Ruptured Keystone Pipeline Segment Isolated, Spill Cleanup Ongoing: South Bow
The owner of the Keystone pipeline says a segment that ruptured in North Dakota has been isolated and the oil spill has been contained. Calgary-based South Bow Corp. said Wednesday…
APA Curtails US Natgas and NGL Production in First Quarter on Weak Prices
In January, APA said it reduced production by about 23,500 barrels of oil equivalent per day (boepd) in the fourth quarter. This reduction followed similar cutbacks in the previous three…
Texas Wildcatters Grow Impatient With Trump as Oil Prices Tank
US shale oil producers are feeling aggrieved due to President Trump’s trade war, which has led to a market rout and plummeting oil prices. Summary by Bloomberg AI The industry,…
US Crude Oil and Refined Product Inventory Update – William Lacey
I think I finally understand what Liberation Day stood for. The liberation of all of my savings from me. Hooray! I didn’t want it anyway… Now, on to our regularly…
US Crude Stockpiles Rise as Exports Hit Jan Lows, EIA Data Shows
(Reuters) – U.S. crude oil stockpiles rose last week as imports increased and exports fell to their lowest since January, while gasoline and distillate inventories drew down, the Energy Information…
