Conventional Energy

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China Could See High Tariffs if it Continues to Buy Russian Oil, Says Bessent

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

(Reuters) – U.S. Treasury Secretary Scott Bessent said on Tuesday he had told Chinese officials that, given U.S. secondary tariff legislation on sanctioned Russian oil, China could face high tariffs if Beijing continued with its Russian oil purchases. Bessent was speaking after two days of bilateral talks between the world’s two largest economies in Stockholm. …

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Baker Hughes to Acquire Chart Industries, Accelerating Energy & Industrial Technology Strategy

Conventional Energy, Latest, OFS-Oilfield Services, Press Releases, US News / By

Significant step high-grades the portfolio and adds value accretive customer offerings, transforms Baker Hughes’ Industrial & Energy Technology segment Chart Industries brings differentiated capabilities across a diverse set of end markets advantaged by secular growth drivers such as natural gas, data centers and decarbonization Highly complementary capabilities enable enhanced value-creation solutions for customers across the lifecycle …

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Oil Climbs on EU Trade Deal, Potential US-China Tariff Truce Extension

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Brent crude hits highest level since July 18 on Monday US and China officials at Stockholm for trade talks Trump’s shorter deadline for Russia on Ukraine war raises oil flow concerns (Reuters) – Oil extended gains on Tuesday, lifted by hopes of improved economic activity after the U.S.-EU trade deal, a potential U.S.-China tariff truce …

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Enterprise Sees Resilience in Permian Despite Weak Oil Prices

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By Lucia Kassai and Emma Sanchez Enterprise Products Partners LP, one of the largest pipeline operators in the Permian Basin, sees oil production in the region holding up this year despite an expected drop in crude prices. Shale drillers will stick to guidance of output growth of 3% to 5% in the Permian Basin of …

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Venture Global Reaches Final Investment Decision for CP2 LNG Project

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Venture Global said on Monday it had reached a final investment decision and successfully closed the $15.1 billion project financing for the first phase of the CP2 LNG export facility. The CP2 project, which will be the single largest export facility of the superchilled gas in the U.S., is expected to have a …

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Russia’s Medvedev Calls EU-US Deal ‘Anti-Russian’ Over Potential Fallout for Russian Oil and Gas

Conventional Energy, Latest, Natural Gas, Oil, US News / By

(Reuters) – Former Russian President Dmitry Medvedev said on Monday that a framework trade agreement struck between the European Union and the United States was “anti-Russian” likening it to a de facto ban on buying Russian oil and gas. The U.S. struck the deal with the EU on Sunday, imposing a 15% import tariff on …

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US LNG Producers Soar as EU Agrees to $250 Billion in Annual Purchases

Conventional Energy, Latest, LNG, Natural Gas, Tri-Pinned, US News / By

Shares of U.S. liquefied natural gas developers surged in premarket trading on Monday, after the European Union pledged to purchase $750 billion worth of the super-cooled fuel over the next three years as part of a sweeping trade pact. NextDecade, Venture Global, and Cheniere Energy jumped between 7% and 8.8%, with the deal bolstering the …

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COMMENTARY: EU’s Pledge for $250 billion of US energy Imports is Delusional

Conventional Energy, Latest, LNG, US News / By

There are strong echoes of Donald Trump’s failed trade deal with China from his first term as U.S. president in the framework agreement reached with the European Union.   Trump and EU Commission President Ursula von der Leyen announced the deal for a 15% tariff on U.S. imports of EU goods at the U.S. leader’s …

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Stocks Cheer the Art of Trump’s Trade Deals after EU Agreement

Conventional Energy, Latest, LNG, Oil, Tri-Pinned, US News / By

Global stocks rose and the euro firmed on Monday after a trade agreement between the United States and the EU lifted sentiment and provided clarity in a pivotal week headlined by the Federal Reserve and the Bank of Japan policy meetings. The U.S. struck a framework trade agreement with the European Union, imposing a 15% …

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