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By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” The US will consume an annual average of 20.59 million barrels of oil a day in 2025, the highest in 18 years, according …
(Reuters) – The Trump administration on Thursday announced a series of steps to open up Alaskan wilderness to energy and infrastructure development, including by resuming oil and gas leasing in the remote Arctic National Wildlife Refuge. The Interior Department said in a statement that it will reopen the full 1.5-million-acre (0.6-million-hectare) Coastal Plain of the …
US Reopens Alaska Wildlife Refuge to Oil and Gas Development Read More »
(Reuters) – OPEC is ready to raise production by rolling back its oil output cuts further if required to address market shortfalls after the United States imposed new sanctions on Russian oil majors, Kuwait’s oil minister said on Thursday. In a sharp policy shift, U.S. President Donald Trump targeted Russia’s largest oil companies, Lukoil (LKOH.MM) …
(Reuters) – Google has entered into the first corporate agreement to buy electricity from a U.S. power plant using carbon capture and storage in a deal to help fuel its data centers in the country’s Midwest region, the technology company said on Thursday. Big Tech’s plans to expand technologies like generative artificial intelligence, which will …
Google Backs US Gas Power Plant With Carbon Capture for Midwest Data Centers Read More »
(Reuters) – The prompt Brent crude futures contract on Thursday returned to trading at a premium to the six-month contract after new U.S. sanctions on Russia revived concern of a tight market in the near term, erasing earlier signs of a fear of a glut. The first-month Brent contract is now trading at near $2 …
Oil Futures Return to Structure Signalling Tight Supply on Russia Sanctions Read More »
Summary U.S. imposes sanctions on Russian producers Rosneft, Lukoil India is biggest buyer of seaborne Russian oil since Ukraine war Russian oil purchases a key Trump irritant in India trade talks Reliance plans to halt imports under Rosneft deal – sources (Reuters) – Indian refiners are poised to sharply curtail imports of Russian oil to …
India Poised to Sharply Cut Russian Oil Imports After U.S. Sanctions Read More »
U.S. President Donald Trump imposed sanctions on Russia’s two largest oil companies, marking a significant escalation in his efforts to starve Moscow of vital revenue to fund its war in Ukraine. The effectiveness of these measures – which target Russia’s Lukoil and Rosneft – will, however, hinge on Trump’s willingness to enforce secondary sanctions and …
Trump’s Russian Oil Sanctions Gambit Will Test His Tolerance for Pain: Bousso Read More »
U.S.-based Williams will spend $1.9 billion on the development of LNG facilities and a pipeline for Australian gas producer Woodside Energy’s $17.5 billion liquefied natural gas project in Louisiana, the companies said. The pipeline operator will take up a 10% stake in the Louisiana LNG Infrastructure LLC and will also simultaneously buy an 80% interest …
Williams Pumps $1.9 Billion into Woodside’s Louisiana LNG Venture Read More »
U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war. The U.S. Treasury Department said it was prepared to take further action as it called on Moscow …
US Hits Top Russian Oil Companies Rosneft and Lukoil With Sanctions Read More »
U.S. President Donald Trump on Wednesday said he expected to reach a trade agreement with Chinese President Xi Jinping, and said he would raise concerns about China’s purchases of Russian oil during their meeting in South Korea next week. “I think we’ll make a deal,” Trump told reporters during a meeting with NATO Secretary General …
Trump Says He Sees Trade Deal With Xi, Will Discuss Russian Oil Purchases Read More »
