Oil Dives More Than 6%, Steepest Fall in 3 Years on Tariffs, OPEC+ Supply Boost
Summary • Brent, WTI down more than 7%• Trump to impose 10% minimum tariff on most import goods• Imports of oil, gas, refined products exempted from new tariffs• OPEC+ to…
Oil Slumps 6% on Trump Tariffs, OPEC+ Speeding up Output Hikes
Summary • Brent, WTI sink by 6%• Trump to impose 10% minimum tariff on most import goods• Imports of oil, gas, refined products exempted from new tariffs• OPEC+ to bring…
Canada’s Trans Mountain Pipeline Lowers Forecasts for Amount of Oil it Ships
By Construction cost overruns boosted fees for shipping oil on line Regulators will hold hearing on whether higher costs are fair Potential US tariffs may still boost Trans-Mountain’s appeal CALGARY,…
Oil and Gas Got Off Easy on Trump’s Liberation Day
Summary Oil, gas exempt from Trump’s import tariffs US remains dominant in global energy markets Countries may increase US energy purchases to offset tariffs LONDON, April 3 – President Donald…
US Businesses Brace for More Pain as Trump Rolls Out Reciprocal Tariffs
The U.S. will now impose a 10% baseline tariff on all imports to the country effective April 5 and higher duties on several of its biggest trading partners. The levies…
Tesla Sales Tumble 13% as Musk Backlash, Competition and Aging Lineup Turn Off Buyers
By Bernard Condon Original: Tesla sales fell 13 per cent in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling…
US Crude and Distillate Inventories Rise, Gasoline Stocks Fall, EIA Says
(Reuters) – U.S. crude oil and distillate inventories rose while gasoline inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 6.2 million barrels to…
US Natural Gas Prices Brace for Impact From Tariff Crossfire
Regardless of how and when the new tariffs kick in, the U.S. gas market stands to be impacted as exports of gas in the form of LNG look set to…
Huge AI Data Center Planned for Pennsylvania Coal Plant Site
The 3,200-acre (1,295-hectare) data center campus, located about 50 miles east of Pittsburgh, will be developed at the location of Homer City Generation, previously the state’s largest coal plant, Homer…
ConocoPhillips Eyes Sale of Oklahoma Assets Worth Over $1 Billion
(Reuters) – ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 billion takeover of Marathon Oil last year, people familiar with…
