Oil Falls as Traders Digest Trump Tariff Reprieve, Stronger Dollar
Summary • Trump says he is considering 25% tariffs on Mexico and Canada from February• President declares sweeping plan to maximise US oil production• U.S. will “probably” stop buying Venezuelan…
US LNG Projects Boosted by Trump’s Export Permit Restart
(Reuters) – U.S. President Donald Trump has ended the moratorium on new liquefied natural gas export permits imposed by his predecessor Joe Biden in January 2024. Trump targeted the LNG…
US Energy Mergers May Slow in 2025 as Deal Sizes Shrink, says Enverus
(Reuters) – The pace of U.S. upstream public-to-public mergers could slow in 2025 from their recent average of five per year along with a fall in deal sizes, according to…
Extreme Cold and Record Snowfall to Test Texas Power Grid
A cold blast gripping the US South threatens to bring record-breaking snowfall to New Orleans and Houston and a deep freeze that endangers oil and natural gas output and electrical…
Infinity Natural Eyes Up to $1.2 bln Valuation as Energy IPOs Gain Momentum
(Reuters) – Infinity Natural Resources is targeting a valuation of up to $1.24 billion in its initial public offering, joining a bunch of energy industry companies that have rushed to…
Citi Raises Average 2025 Oil Price Forecasts, Citing Geopolitical Risks
“The oil outlook could see heightened, sustained geopolitical risks in Iran/Russia-Ukraine potentially wipe out the 2025 oil balance surplus, but the Trump administration appears intent on dealmaking,” the bank said…
Trump’s Return to the White House: Market Winners and Losers
(Reuters) – U.S. President Donald Trump’s return to the White House has been met with both relief and disappointment across world markets as investors try to work out what the…
Tariff Threat Unleashes Flood of Canadian Oil Heading to U.S.
Suppliers rush to push out as much oil as possible as it’s more valuable now than in the future The Enbridge Edmonton Terminal. Enbridge Inc.’s Mainline, the largest oil export…
Tanker Rates Extend Rally on Sanctions, Demand to Load Mideast Oil, Products
On Tuesday, Shell booked three Very Large Crude Carriers, capable of carrying up to 2 million barrels of oil, at the rate of Worldscale 70 to load Middle East crude in early…
LAWSUIT THROWN OUT: New York City Lawsuit Against Exxon, BP, Shell Over Climate Change Dismissed
In a decision on Tuesday, state Supreme Court Justice Anar Patel in Manhattan rejected the city’s argument that the oil companies should have told climate-conscious residents that fossil fuels cause…
