Trump Says He Will Bring Tariffs Down to 10% on Canadian Oil
(Reuters) – U.S. President Donald Trump said on Friday that he will decrease threatened tariffs on Canadian oil to 10%. Trump said that tariffs on oil and gas are likely…
Pearl Energy-Backed Infinity Natural Valued at $1.3 Billion as Shares Jump in NYSE Debut
(Reuters) – Private equity-backed Infinity Natural Resources was valued at $1.30 billion after shares of the oil and natural gas producer rose 10.8% in their debut on the New York…
US Drillers Add Oil and Gas Rigs for First Time in Eight Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed…
US Oil Production Falls in November From Record High in October, EIA Says
(Reuters) – U.S. crude oil production fell by 122,000 barrels per day in November to 13.314 million bpd, down from a monthly record high of 13.436 million bpd in October,…
Exxon Beats Q4 Estimates with Higher Permian, Guyana Output
Summary • Exxon’s low production costs boost profits despite lower oil prices• Refining business pressured by increased global fuel supply• Exxon plans $20 billion annual share repurchases through 2026 (Reuters)…
Oil Set for Weekly Decline as Trump Tariff Threat Looms Large
Summary • Trump tariffs on Canada and Mexico could start this weekend• Unclear if tariffs would exclude oil imports• Russian sanctions dampen supply prospects• OPEC+ to discuss U.S. output plans…
Chevron Misses Earnings Estimate as Refining Posts First Loss in Four Years
(Reuters) – Chevron Corp reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020, sending…
2025 Oil Prices to See Little Upside as Weak Demand, Supply Glut Concerns Persist
Summary • Global oil demand seen growing by 700,000 to 1.3 mln bpd in 2025• First upward revision in 2025 Brent price forecast since April (Reuters) – Sluggish demand from…
Exclusive: Japan Weighs Alaska LNG Pipeline Pledge to Win Trump’s Favour
Summary • Japan considers support for Alaska gas project to forestall trade tensions with US, sources say• Japan doubts pipeline viability but may explore deal if asked by Trump, sources…
Trump Says He’s Moving Ahead With 25% Tariff on Canada and Mexico February 1, but Not Necessarily on Oil
U.S. President Donald Trump on Thursday said he would be moving ahead to put a 25% tariff on imports from Mexico and Canada that would take effect on Feb 1. …
