(Reuters) – Goldman Sachs forecast that Brent and WTI crude prices would be at $62 a barrel and $58 by December 2025 and at $55 and $51 by December 2026, respectively, under two assumptions. The bank, in a note dated April 7, said that the first assumption is the U.S. economy avoids a recession given …
Goldman Sachs Forecasts Brent, WTI Prices Under Different Scenarios Read More »
(Reuters) – U.S. President Donald Trump will sign executive orders on Tuesday aimed at boosting the nation’s coal industry, two sources familiar with the matter told Reuters. Trump, a Republican who campaigned on a promise to increase U.S. energy output and has sought to roll back energy and environmental regulations since taking office January 20, …
Trump to Sign Executive Orders to Boost Coal Industry Read More »
Summary • Benchmark Brent crude oil has neared four-year lows • Oil revenue made up 62% of state budget last year • Kingdom and sovereign fund need more debt, analysts say • Oil giant Aramco, long-time cash cow, slashing 2025 dividends DUBAI, April 8 (Reuters) – Saudi Arabia, with its wealth linked inextricably to oil …
How the Oil Price Plunge Complicates Saudi Arabia’s Economic Agenda Read More »
U.S. Energy Secretary Chris Wright on Wednesday will launch a nearly two-week tour of three Middle East countries, including Saudi Arabia, marking his first visit as a U.S. official to the de facto leader of the OPEC oil producer group, a source familiar with the matter told Reuters. The trip, which will also include visits …
US Energy Chief Chris Wright Heads to Middle East for Nearly Two weeks Read More »
NGP-backed Camino Natural Resources, which had reportedly been seeking a $2 billion sale of its Midcontinent assets, has paused marketing the company, sources told Hart Energy.
By David Wethe A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a US oil boss. “This administration better have a plan @SecretaryWright,” Kaes Van’t Hof, president of Diamondback, said April 6 in …
Oil Boss Says Trump Administration Better Have a Plan Amid Rout Read More »
WASHINGTON, April 7 (Reuters) – U.S. President Donald Trump said on Monday said selling energy to the European Union would be a key focus as his administration seeks to eliminate a trade deficit with the bloc. “The European Union’s been very bad to us,” Trump told reporters at the White House, accusing European nations of …
By Shariq Khan NEW YORK, April 7 (Reuters) – The U.S. Energy Information Administration said on Monday it is delaying publication of the “Short-Term Energy Outlook” (STEO) report, amid a plunge in oil prices to near four-year lows over growing concerns of a global recession. The report, scheduled for Tuesday, April 8, will now be …
US EIA Delays Short-Term Outlook Report Amid Oil Market Downturn Read More »
Kinder Morgan’s Allen Fore, vice president of public affairs, delves into how the Trump administration’s initiatives to achieve energy dominance is a “game changer” for pipeline projects, in this Hart Energy Exclusive interview.
A court-appointed special master recommended a stalking horse bidder for the parent of Citgo Petroleum, which drew objections from Gold Reserve and other investors.
