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Trump Names Elon Musk to Lead Government Efficiency Drive

Trump gives Elon Musk mission to cut costs, slash red tape Summary Musk and Ramaswamy will lead efficiency department DOGE intended to dismantle bureaucracy, cut regulations, restructure agencies Musk and Ramaswamy’s work to conclude by July 4, 2026 Will take ‘advice and guidance’ from outside government, work with OMB Ramaswamy says he is withdrawing from …

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Iran Ready for Possible Oil Export Curbs after Trump Election

Iran has made plans to sustain its oil production and export and is ready for possible oil restrictions from a Trump administration in the U.S., Oil Minister Mohsen Paknejad said on Wednesday, according to the oil ministry’s news website Shana. In 2018, then-U.S. President Donald Trump withdrew from a 2015 nuclear pact with Iran and …

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Coterra Energy to Buy Oil and Gas Assets for $3.95 billion

U.S. oil and gas producer Coterra Energy said on Wednesday it would acquire certain assets of Avant Natural Resources and its affiliates and Franklin Mountain Energy in New Mexico for an aggregate consideration of $3.95 billion in cash and stock deals. The transactions are expected to close during the first quarter of 2025. The company …

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