Wall Street Braces for Oil Refiners’ Lower Q4 Earnings, Tariff Plans
An aerial view of the Valero Houston Refinery is seen in Houston, Texas, U.S. August 31, 2017. REUTERS/Adrees Latif/File Photo Summary Valero to kick off Q4 US refiner earnings on…
Oil Prices Slip as US Inventories Rise; Tariff Concerns in Focus
Summary • API data shows rise in weekly US crude and gasoline inventories• Trump plans to impose Feb 1 tariffs on Canada and Mexico• Libya reports normal oil loadings after…
US Crude Stocks Rise as Refiners Cut Production Amid Winter Storms, EIA Data Shows
Crude inventories rose by 3.5 million barrels to 415.1 million barrels in the week ended Jan. 24, the EIA said, compared with analysts’ expectations in a Reuters poll for a…
US Upstream Oil and Gas Dealmaking Hit $105 Billion in 2024, Enverus Says
Last year’s total deal value fell sharply behind the whopping $192 billion in mergers and acquisitions done in 2023, which included the $60 billion combination of Exxon Mobil and Pioneer Natural Resources.…
US Offshore Wind Farms in Service, in Construction and Under Development
A crane hangs over the first jacket support structure installed to support a turbine for a wind farm in the waters of the Atlantic Ocean off Block Island, Rhode Island…
Oil Prices Hover Near Two-Week Low, Libya Supply Disruption Offers Support
Summary • Brent up, WTI futures inch up• Protests block loading oil at Libya’s two major ports• China manufacturing activity contracted in January• US set for warmer than normal temperatures…
DRILL “LESS” BABY, DRILL “LESS”: US Oilfield Firms Face Pricing Squeeze as Fracking Demand Slumps
Summary • US crude output hits record highs as rig count, frac fleets slip• WTI to average $63/bbl in 2025, oil executives planning for $70-75• Quarterly land rig day rates…
LNG WRAP: US Gas Producers Likely to Gain Asian Market Share
US gas producers could gain Asian market share at the expense of Australian exporters in the long run, as countries running a trade surplus with the US, like Japan and…
Venture Global’s IPO Flop Worsens as Shares Slump 20% From Debut
The fallout for Venture Global Inc., in the wake of a troubled initial public offering, accelerated amid a market selloff that sapped $12 billion from its valuation on debut. Shares…
Renewed Inflation Worries Help Drive Oil Price Rally
(Reuters) – Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump’s threatened trade tariffs will cause a resurgence in global inflation,…
