Oil Majors Suffering From OPEC+ Output Hike, Not From U.S. Tariffs, Eni Exec Says
CERNOBBIO, Italy, April 4 (Reuters) – Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a…
Trump Tariffs Poised to Exacerbate Woes of Ailing Petchems Sector
By (Reuters) – Sweeping new U.S. import tariffs threaten to further erode demand for global petrochemical producers and accelerate capacity cuts in an industry plagued by weak margins, industry officials…
Brookfield to Buy Colonial Pipeline for About $9 Billion, Including Debt
Brookfield Infrastructure Partners is buying Colonial Pipeline, the largest U.S. fuel transportation system, in a deal valued at about $9 billion, including debt, the company said on Thursday. The deal…
Goldman Cuts Oil Price Forecasts Amid Tariff Fears, Higher OPEC+ Supply
The Wall Street brokerage also chopped its 2026 average price forecast for Brent by 9% to $62 and for WTI by 6.3% to $59, and warned that the new estimates…
Venture Global says it Exported 29 Cargoes from Plaquemines LNG Plant in Q1
Venture Global realized an average fixed liquefaction fee of $7.26 per million British thermal units (mmBtu) from the Plaquemines plant, it said in the filing with the U.S. Securities and…
The Big Oil Trump Tumble: Oil Tumbles Almost 8% as China Retaliates With Tariffs on U.S.
Summary • Brent and WTI set for lowest close since April 2021• China announces retaliatory tariffs on US• Oil set for biggest weekly decline since 2023• OPEC+ output increase exacerbates…
Elliott Says Phillips 66 Share Price Could hit $200 if Changes are Made
Elliott Investment Management said on Thursday that Phillips 66’s stock price could nearly double to $200 if the oil refiner sells or spins off its midstream business and puts more…
March Madness Replaced by Trump Madness: US Stocks Post Biggest Drop Since 2020, Dollar Falls as Trump Tariffs Fuel Recession Fe…
Grim looking Stock Trader Major U.S. stock indexes registered their biggest daily percentage drops since 2020 on Thursday and the dollar weakened as U.S. President Donald Trump’s drastic trade tariffs…
US Plans to Develop AI Projects on Energy Department Lands
By WASHINGTON, April 3 (Reuters) – The administration of President Donald Trump said on Thursday it has identified 16 potential sites on U.S. Department of Energy lands where data centers…
Russia Says U.S. Threats of Military Strikes Against Iran Are Unacceptable
(Reuters) – Russia said on Thursday that threats of military strikes against its ally Iran were unacceptable and warned that attacking the Islamic Republic could lead to potentially catastrophic results…
