Trump to Impose Tariffs on Goods From Nations Giving Oil to Cuba, White House Says
U.S. President Donald Trump on Thursday signed an executive order declaring a national emergency and establishing a process to impose tariffs on goods from countries that sell or otherwise provide…
LyondellBasell Targets $1.3 Billion in Cost Savings After Surprise Quarterly Loss
(Reuters) – Petrochemicals maker LyondellBasell on Friday posted a surprise loss for the fourth quarter and said it aims to save $1.3 billion by the end of 2026, as it…
Chevron Beats Q4 Profit Estimate, Eyes Venezuela Investment Opportunities
Summary Chevron evaluates investment opportunities in Venezuela amid geopolitical changes Q4 profits exceed estimates despite lower crude prices, focus on cost-cutting Tengiz maintenance and weather impact Q1 production, expected to…
Freeport LNG in Texas to Take in More Gas After Thursday Shutdown, LSEG Data Shows
Summary Freeport LNG shutdown impacts global gas prices US gas futures rise, European prices fall on Freeport news Freeport’s Train 3 shut due to compressor issue No comment from Freeport…
Exxon Beats Wall Street Q4 Target as Permian, Guyana Fields Take Output to 40-Year High
Summary Exxon Mobil reports Q4 adjusted EPS $1.71 vs estimate of $1.68 Exxon achieves highest annual upstream production in 40+ years Exxon plans $20 billion share buyback through 2026 HOUSTON,…
Coterra Energy and Devon Energy in Advanced Talks to Merge, Source Says
(Reuters) – Coterra Energy and Devon Energy could announce an agreement to merge as soon as next week, in what would be the largest oil and gas deal in the…
Demand at Largest US Electric Grid Hovers Near Winter Record
(Reuters) – The largest U.S. electric grid on Thursday operated near record levels for demand amid frigid temperatures as weather forecasters predicted another Arctic blast over the weekend. The PJM…
US Eases Sanctions on Venezuelan Oil Industry
(Reuters) – The Trump administration on Thursday eased some sanctions on the Venezuelan oil industry as it seeks to expand production there after U.S. forces ousted the South American country’s…
US Natgas Futures Soar 140% During Arctic Blast, Boosting Consumer Costs
(Reuters) – U.S. natural gas futures jumped 140% over the past seven trading days, and cash gas and power prices hit record highs this week as an Arctic blast sent…
US Faces Growing Risks of Power Outages Due to Rising Winter Demand, Changing Fuel Mix
(Reuters) – The risk of U.S. power outages is worsening due to a changing mix of electricity supplies and rapidly growing demand in the winter months, the North American Electric…
