Diamondback Energy Flags Lower Prices for Oil Production in Fourth Quarter

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. shale producer Diamondback Energy on Monday flagged lower prices for its oil production in the fourth quarter, compared to the preceding three months. Oil prices declined 9.2% during the three months ended December 31, as concerns about oversupply and tariffs outweighed geopolitical risks. The company said the average realized prices, or the …

Diamondback Energy Flags Lower Prices for Oil Production in Fourth Quarter Read More »

US Supreme Court Wrestles With Louisiana Communities’ Lawsuits Against Oil Companies

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. Supreme Court justices wrestled on Monday over whether lawsuits by Louisiana officials seeking to hold oil and gas companies, including Chevron and Exxon Mobil, responsible for harming the state’s coast should be moved out of the Bayou State’s courthouses and into federal court. The justices during a little more than an hour …

US Supreme Court Wrestles With Louisiana Communities’ Lawsuits Against Oil Companies Read More »

Venezuela Security, Policy Reform Needed for US Oil Industry to Move In, API Chief Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Workforce security and policy reform including contract sanctity are among the prerequisites that have to be in place in Venezuela for the U.S. oil industry to move in, American Petroleum Institute President Mike Sommers said on Monday during a telephone conference with journalists. He said the move to remove Nicolas Maduro from power …

Venezuela Security, Policy Reform Needed for US Oil Industry to Move In, API Chief Says Read More »

Carlyle, Chevron-Quantum Partnership Among Frontrunners for Lukoil Assets, Sources Say

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

(Reuters) – Private equity giant Carlyle, a group comprising oil major Chevron and Quantum Capital Group as well as UAE-based investor International Holding Company are competing for the global assets of Russia’s Lukoil as a U.S. deadline to sell them expires this week, sources said. The United States imposed sanctions on Lukoil and its peer …

Carlyle, Chevron-Quantum Partnership Among Frontrunners for Lukoil Assets, Sources Say Read More »

How Long Can Wall Street Shrug Off Trump’s ‘Visible Hand’?: McGeever

Energy Topics & Technology, Finance, Latest, US News / By

(Reuters) – If record-high U.S. stock prices accurately reflect investors’ assessment of the first year of Trump 2.0, then it’s a glowing scorecard for the most interventionist government in decades. It’s yet another example of the topsy-turvy economic world where the global norms and orthodoxies of the last 40 years are being questioned and sometimes …

How Long Can Wall Street Shrug Off Trump’s ‘Visible Hand’?: McGeever Read More »

US to Push for Quicker Action in Reducing Reliance on China for Rare Earths

Energy Topics & Technology, Latest, Minerals, US News / By

US to push for quicker action in reducing reliance on China for rare earths Summary US Treasury’s Bessent said frustrated with lack of urgency G7 plus India, South Korea, Australia and Mexico to attend China dominates critical minerals production (Reuters) – U.S. Treasury Secretary Scott Bessent will urge Group of Seven nations and others to …

US to Push for Quicker Action in Reducing Reliance on China for Rare Earths Read More »

Goldman Projects Lower Oil prices in 2026 as Supply Swells

CDN and International News, Conventional Energy, Latest, Oil / By

Oil prices are likely to drift lower this year as a wave of supply creates a market surplus, although geopolitical risks tied to Russia, Venezuela and Iran will continue to drive volatility, Goldman Sachs said in a note on Sunday. The investment bank maintained its 2026 average price forecasts of $56/$52 per barrel for Brent/WTI, …

Goldman Projects Lower Oil prices in 2026 as Supply Swells Read More »

PAYBACK: Trump Says He Might Keep Exxon Out of Venezuelan Over “Uninvestable” Comment

Conventional Energy, Latest, Oil, US News / By

U.S. President Donald Trump said on Sunday that he might block Exxon Mobil from investing in Venezuela after the oil major’s CEO called the country “uninvestable” during a White House meeting last week. Exxon CEO Darren Woods told Trump that the Venezuelan market is “uninvestable” in its current state. Venezuela seized Exxon’s and Conoco’s assets in …

PAYBACK: Trump Says He Might Keep Exxon Out of Venezuelan Over “Uninvestable” Comment Read More »

Big Oil Offers Reality Check to Trump’s Venezuela Dream

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Ron Bousso U.S. President Donald Trump attends a meeting with oil industry executives, at the White House in Washington, D.C., U.S., January 9, 2026. REUTERS/Evelyn Hockstein LONDON, Jan 12 (Reuters) – Big Oil companies have injected a heavy dose of realism into U.S. President Donald Trump’s plan to rapidly invest billions in Venezuela, pointing to …

Big Oil Offers Reality Check to Trump’s Venezuela Dream Read More »

Subscribe
Subscribe