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With new machines from Ford, GM and others, Tesla’s share of the US EV market has slid. By Kyle Stock When Artie R. Williams decided it was time to kick his gas habit, he narrowed his search to three options: the Cadillac Optiq, a Porsche Macan EV and the Polestar 3. — none of which …
As Tesla Falters, These New EVs Are Picking Up the Pace Read More »
By Arathy Somasekhar and Mrinalika Roy Baker Hughes sees 2025 upstream capex down by high-single digits Warns of tariff cost impact, working to raise domestic sourcing LNG technologies and equipment seen as bright spot for Baker HOUSTON, April 23 (Reuters) – U.S. oilfield service provider Baker Hughes (BKR.O) on Wednesday forecast steeper drops in spending …
Baker Hughes Forecasts Drop in Producer Spending as Tariffs Pinch Demand Read More »
By Nicole Jao Investors keep focus on impact from Trump’s sweeping tariffs Analysts expect top refiners to report lower Q1 profits Earnings under pressure due to heavy maintenance, unplanned outages in Q1 Refining margins showed signs of improvement Trade wars dent refined product demand outloook NEW YORK, April 23 (Reuters) – Investors are expecting top …
US Oil Refiners’ Q1 Profits Likely Fell Despite Stronger Margins Read More »
(Reuters) – U.S. crude oil stockpiles rose unexpectedly last week as imports jumped, while both gasoline and distillate inventories fell more than expected, the Energy Information Administration said on Wednesday. Crude inventories rose by 244,000 barrels to 443.1 million barrels in the week ended April 18, the EIA said, compared with analysts’ expectations in a …
US Crude Stockpiles Post Surprise Build as Imports Jump, EIA Says Read More »
(Reuters) – U.S. natural gas futures have fallen from a 26-month high hit last month in part due to investor worries that slower economic growth could reduce the amount of gas needed to power data centers and artificial intelligence (AI) in coming years. Analysts have warned that the fallout from U.S. President Donald Trump’s on-again …
US Natgas Futures Prices Decline on Worries About AI Power Demand Growth Read More »
(Reuters) – The U.S. upstream oil and gas M&A market is bracing for the most challenging conditions since the COVID-19 pandemic as oil prices slump and prime acreage dries up, analytics firm Enverus said on Wednesday, even though dealmaking jumped last quarter to the second-best start to the year since 2018. The expected downturn in …
Weak Oil Prices, Limited Shale Acreage to Hit Energy M&A in 2025, Enverus Says Read More »
(Reuters) – U.S. oilfield technology firm Baker Hughes on Tuesday flagged a potential impact on its annual core profit of between $100 million and $200 million due to tariffs. U.S. President Donald Trump’s trade policy has heightened uncertainty in the energy industry, as the ensuing trade war is expected to curb global economic growth and, …
Baker Hughes Flags Tariff Impact on Full-Year Core Profit Read More »
(Reuters) – EQT said on Tuesday it plans to acquire the upstream and midstream assets of Olympus Energy in a deal valued at $1.8 billion. The company also beat first-quarter profit estimates on Tuesday, benefiting from higher natural gas prices. The company reported an adjusted profit of $1.18 per share, for the quarter ended March …
EQT to Acquire Upstream and Midstream Assets of Olympus Energy for $1.8 Billion Read More »
** Shares of oil and gas producer Devon Energy rise 3.7% to $30.57 premarket ** Company says it plans to boost its annual free cash flow by $1 billion by the end of 2026 ** “The $1 billion savings is significantly above our expectations and the $300-$500 million range we think investors anticipated” – RBC …
Devon Energy Gains on Plans to Boost Free Cash Flow by $1 Billion Read More »
By Elizabeth Elkin Richard KinderPhotographer: Aaron M. Sprecher/Bloomberg Kinder Morgan Inc. billionaire co-founder Rich Kinder has shrugged off concerns in the US natural gas industry over the impact of tariffs on exports, and that demand forecasts related to artificial intelligence may be too optimistic. Kinder said his company still sees a surge demand from AI …
Gas Pipeline Billionaire Kinder Dismisses Tariff, AI Concerns Read More »
