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Trade Turmoil’s Oil Market Bite is Already Leaving Lasting Scars: Bousso  

*U.S. shale drillers slowing activity *IEA lowers US oil production forecasts for 2025 *Companies will likely delay new large project approvals By Ron Bousso LONDON, April 17 – Nimble U.S. oil producers are responding quickly to the economic turmoil sparked by President Donald Trump’s trade war by slowing down drilling activity, while larger companies are …

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Venture Global LNG Starts Commercial Operations at Calcasieu Pass Plant

Venture Global LNG has begun commercial operations at its Calcasieu Pass plant in Louisiana, more than three years after it first produced liquefied natural gas, the company said on Tuesday. The move to commercial operations means the Arlington-headquartered company has brought an end to the extended commission of the plant which resulted in its customers …

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Venezuela National Assembly Greenlights Economic Emergency Decree

Venezuela’s national assembly on Thursday passed a decree proposed by President Nicolas Maduro’s government to declare a state of economic emergency in response to U.S. sanctions and tariffs. In March, the administration of U.S. President Donald Trump began suspending authorizations for oil companies operating with Venezuela’s state-owned PDVSA and imposed secondary tariffs on crude oil …

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APA Curtails US Natgas and NGL Production in First Quarter on Weak Prices

Oil and gas firm APA said on Wednesday it curtailed about 8 million cubic feet per day of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak prices. In January, APA said it reduced production by about 23,500 barrels of oil …

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Texas Wildcatters Grow Impatient With Trump as Oil Prices Tank

US shale oil producers are feeling aggrieved due to President Trump’s trade war, which has led to a market rout and plummeting oil prices. Summary by Bloomberg AI The industry, which heavily supported Trump’s election campaign, is in shock over the rapid decline in oil prices, with many executives expressing frustration and alarm. Summary by …

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China-US Blossoming Petchem Ties Could Be trade War Casualty

Summary U.S. accounted for 62% of China LPG, ethane imports in 2024 While China accounted for a third of U.S. LPG, ethane exports Trade war likely to lead to sharp drop in shipments LONDON, April 7 – The often overlooked yet rapidly expanding petrochemical feedstock trade between the United States and China could become one …

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US Utilities Grapple with Big Tech’s Massive Power Demands for Data Centers

Summary • Utilities face challenges predicting future power demand for data centers • Tech companies seek multiple bids, complicating demand forecasts • Rising costs and AI advancements may reduce future power needs NEW YORK, April 7 (Reuters) – U.S. electric utilities are fielding massive requests for new power capacity as Big Tech scours the country …

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Wall Street Week Ahead – Shell-Shocked Markets Brace For More Trump Tariff Tumult

Tariff-stunned markets face another week of potential tariff turmoil, with fallout from President Donald Trump’s sweeping import levies keeping investors on edge after the worst week for U.S. stocks since the onset of the coronavirus crisis five years ago.Investors will look for signs the stock market may be close to at least a short-term bottom …

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Brookfield to Buy Colonial Pipeline for About $9 Billion, Including Debt

Brookfield Infrastructure Partners is buying Colonial Pipeline, the largest U.S. fuel transportation system, in a deal valued at about $9 billion, including debt, the company said on Thursday. The deal to acquire all assets of Colonial Enterprises, including Colonial Pipeline, is expected to close in the second half of 2025. Colonial’s pipeline system stretches over …

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Trump Touts Plans to Spur Mammoth Alaska Gas Export Project

President Donald Trump touted his administration’s work on a “gigantic natural gas pipeline in Alaska” during his joint address to Congress. Summary by Bloomberg AI The project, which has been planned for decades, aims to transport natural gas across the state and export it overseas, with potential investment from Japan, South Korea, and other nations. …

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