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Indonesia to Propose $10 Billion US Energy Imports Increase in Tariff Talks

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Indonesia will propose increasing its imports of crude oil and liquefied petroleum gas from the United States by around $10 billion as part of its tariff negotiations, energy minister Bahlil Lahadalia told local media on Tuesday. Indonesian officials are set to leave for Washington later on Tuesday for negotiations over proposed U.S. trade …

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World Oil Demand, U.S. supply to Grow More Slowly on Tariff Tensions, IEA Says

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

Summary • IEA cuts 2025 demand growth forecast by about 300,000 bpd • Sees further slowdown in demand growth next year • Joins OPEC in cutting oil demand view • Trims U.S. oil output forecast for 2025 (Reuters) – Global oil demand will grow much more slowly than expected this year and U.S. production increases …

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Oil Price Drop Turns up Heat on Emerging Market crude Exporters

Conventional Energy, Latest, Oil, US News / By

Summary • Oil price drop seen hitting exporters disproportionately • Angola faced a margin call after bond market rout • Nigeria’s carry trade stops being attractive on oil fall • Gulf exporters likely to weather pressure better thanks to reserves, lower debt (Reuters) – A steep drop in crude oil prices largely due to U.S. …

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Capital Power to Expand in PJM Power Market with $2.2 Billion Deal

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, US News / By

Canadian power producer Capital Power Corp said on Monday it would buy two natural-gas fired power plant operators located in the PJM market for about $2.2 billion. The deal comes at a time when electricity prices are rapidly increasing in PJM, the United States’ biggest power market, and as demand for electricity continues to increase …

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JP Morgan Cuts Oil Price Forecasts on Weak Demand, Higher Output

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

April 14 (Reuters) – JP Morgan on Monday lowered its oil price forecasts for 2025 and next year, citing higher production from OPEC+ and weaker demand. The bank cut its 2025 Brent price forecast to $66 per barrel from $73 and its 2026 target to $58 from $61. It lowered the 2025 WTI price outlook …

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