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(Reuters) – President-elect Donald Trump has promised to overhaul U.S. energy policy, with an aim of maximizing the country’s already record-high oil and gas production by rolling back regulation and speeding up permitting. Who will he choose to run the key departments and agencies to get this work done? Here are some of the names …
Who Could Run Trump’s Pro-Drilling Energy Policies? Read More »
(Reuters) – U.S. crude oil, gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending Nov. 1, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.1 million-barrel rise. Crude stocks …
US Crude, Gasoline and Distillate Inventories Rise Last Week, EIA Says Read More »
(Reuters) – Former President Donald Trump’s return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran’s top crude customer, to cooperate, analysts said. Cracking down on OPEC-member Iran would support global oil prices, but the effect could …
Trump Could Harden Iran Oil Stance But Struggle to Stem Flow to China, Analysts Say Read More »
The president-elect advocates more drilling, high tariffs and fewer climate restrictions. Bloomberg Whatever policies he ultimately pursues, Donald Trump’s return to the White House looks certain to send shock waves through global energy markets. In his victory speech, the president-elect said he’d take charge of any decisions relating to “liquid gold,” a pledge that oil …
Trump Sequel Poised to Shake Up Global Energy Markets Read More »
China faces a squeeze on supplies of cheap Iranian crude, which make up about 13% of imports by the world’s biggest buyer of oil, if Donald Trump ramps up enforcement of sanctions on Tehran after his return as U.S. president in January. Trump, who won Tuesday’s election, Edison Research projected, is expected during his second …
China’s Cheap Iranian Oil Supply at Risk From tighter Trump Sanctions Read More »
Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what tariffs he enacts. Following are some major issues and sectors to watch:WHAT ROLE WILL ELON …
How Trump’s Second Administration Affects Business: Musk, Tariffs and More Read More »
(Reuters) – U.S. natural gas futures fell about 4% on Tuesday on forecasts for mild weather to continue through late-November, keeping heating demand lower than usual for this time of year and allowing utilities to add more gas into storage for at least a couple more weeks. Analysts projected utilities injected more gas than normal …
The latest in American exceptionalism is exporting 50% more oil than Saudi Arabia while trying to prod the world towards net zero. Bloomberg It sounded like the top American climate diplomat really meant it: “We are moving away from fossil fuels,” said John Kerry, in one of his last acts as the US negotiator at the close …
Can the No. 1 Oil Producer Lead the Way on Climate? The U.S. Is Trying It Read More »
(Reuters) – The difference in prices for U.S. shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to the export hub on the Gulf Coast, pricing data showed. Record crude production at the top U.S. oilfield in the Permian basin that …
US Crude Oil Pipeline Squeeze Boosts Prices at Gulf Coast Export Hub Read More »
(Reuters) – OPEC oil output rebounded in October from its lowest this year the previous month as Libya resolved a political crisis, a Reuters survey found, although a further Iraqi effort to meet its cuts pledged to the wider OPEC+ alliance limited the gain. The Organization of the Petroleum Exporting Countries pumped 26.33 million barrels …
OPEC Oil Output Rises in October as Libyan Supply Rebounds, Survey Finds Read More »
