ConocoPhillips’ Quarterly Profit Beats Estimates on Higher Production
(Reuters) – ConocoPhillips beat Wall Street estimates for fourth-quarter profit on Thursday, as higher production offset lower realized prices. Benchmark crude prices rose about 4% during the October-December quarter, encouraging…
US Energy Secretary Derides Net-Zero Policies in New Order
(Reuters) – The U.S. Department of Energy will prioritize expanding energy production over achieving net-zero greenhouse gas emissions, according to an order issued on Wednesday by Energy Secretary Chris Wright.…
Total CEO Says Company Rejected Venture Global as LNG Supplier Over Lack of Trust
(Reuters) – TotalEnergies rejected opportunities to become a long-term customer of Venture Global LNG’s U.S. terminals because it did not trust the company, CEO Patrick Pouyanné told Reuters on Wednesday.…
Oil, Gas Traders to Seek Tariff Waivers From Beijing for US Imports, Sources Say
An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in Zhoushan, Zhejiang province, China July 18, 2022. cnsphoto via REUTERS/File…
Oil Firms Slightly as Trump Policies Continue to Drag on Prices
Summary Saudi Aramco raised March crude prices for Asian buyers• U.S.-China trade tariffs cloud oil demand outlook• Trump policies make for oil market volatility, analysts say Oil prices edged up…
Big Oil’s Wave of Buyouts Sets Up Next Leg of Energy IPO Rebound
After a burst of oil and gas M&A deals, demand for new investment targets and buoyant natural-gas prices are helping drive a rebound in IPO activity in the energy industry…
China’s Retaliatory Tariffs on Crude Likely to Push US Exports Lower in 2025
Summary • Beijing slapped 10% tariffs on U.S. crude imports after U.S. levies imposed• U.S. crude export growth stalled in 2024, rising just 0.6%• Medium-sour crude exports to China may…
TotalEnergies CEO Doubles Down on US LNG, Downplays Trump Tariff Fears
(Reuters) – TotalEnergies will expand its investment in U.S. liquefied natural gas over the next decade as the French company seeks to cement its position as a major exporter of…
US Crude Inventories Surge Amid Refinery Maintenance Season, EIA Says
(Reuters) – U.S. crude oil inventories rose sharply last week as demand softened on ongoing refinery maintenance, the Energy Information Administration (EIA) said on Wednesday. Gasoline stockpiles also rose more…
Oil Drops Amid Rising US Crude Inventories, China – US Tariff War
Summary • Brent down 0.87%, WTI down 0.84%• U.S. crude stocks rose by 5 mln barrels in the week to Jan.31 – market sources• Trump clamp-down on Iran may support…
