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U.S. President Donald Trump and his advisers are planning an initiative to dominate the Venezuelan oil industry for years to come, and the president told aides he believes his efforts could help lower oil prices to $50 a barrel, the Wall Street Journal reported on Wednesday. A plan under consideration includes the U.S. exerting some …
A Canadian pipeline boss led a new report advising the Trump administration on how to more quickly build new oil and gas infrastructure in the United States amid a push north of the border to do the same. U.S. Energy Secretary Chris Wright requested …
Revenue from energy production on U.S. public lands and waters fell 11% in the latest fiscal year to $14.61 billion, the Interior Department said on Monday, citing lower prices for commodities like oil. WHY IT’S IMPORTANT The total was the lowest since 2021, the first year of the administration of U.S. President Joe Biden, but …
US Funds From Federal Energy Production Slid 11% in 2025 Read More »
Summary Fortune 100 companies send more people to Belem than to Baku Extreme weather hits supply chains, profits ‘A decisive role to play,’ says business group chief (Reuters) – Despite the U.S. government souring on the global climate agenda ahead of the COP30 summit, American companies did not shy away. A Reuters analysis of attendance lists …
US Companies Hold the Line at Climate Talks Despite Trump Read More »
(Reuters) – Oil prices fell 1% on Wednesday, weighed down by oversupply in the market despite expectations that an end to the longest-ever U.S. government shutdown could boost oil demand. Brent crude futures slipped 66 cents, or 1%, to $64.50 a barrel by 1232 GMT after gaining 1.7% on Tuesday. U.S. West Texas Intermediate crude was down …
Oil Prices Fall as Oversupply Concerns Overshadow US Government Reopening Read More »
Canada’s Prime Minister Mark Carney embarks on his first official visit to Asia on Friday in an attempt to deepen trade and security ties at a time when the North American country is struggling to lessen its overwhelming dependence on the U.S. and redefine its foreign policy in pursuit of new markets. Canadian government …
Canada’s Carney Visits Asia to Forge New Alliances and Reduce US Dependence Read More »
One of President Vladimir Putin’s top economic officials on Wednesday pushed back at U.S. President Donald Trump’s warning that the Russian economy was going to collapse amid lines for gasoline in some regions. Trump on Tuesday said that Putin should settle the Ukraine war which the 47th U.S. president said was making Russia look bad. …
Russia Pushes Back Against Trump Warning that the Russian Economy is Near Collapse Read More »
Occidental Petroleum will be in a better position to invest in its core oil and gas business after divesting a chemicals unit and will be able to replace the lost cash flow from the division in about two and a half years, CEO Vicki Hollub told Reuters in an interview on Thursday. After announcing earlier …
Occidental CEO Says Chemical Divestiture Will Improve Core Oil, Gas Business Read More »
Exxon Mobil will lay off 2,000 workers globally as part of the company’s long-term restructuring plan, Bloomberg News reported on Tuesday, citing a memo. The U.S. energy major did not immediately respond to a Reuters request for comment. The reductions represent about 3% to 4% of Exxon’s global workforce, the report said. (Reporting by Vallari …
Exxon Mobil to Cut 2,000 Jobs, Bloomberg News Reports Read More »
Plains All American’s crude oil pipelines linking the Permian shale basin to the Corpus Christi export hub are facing quality issues related to high mercaptans, or naturally-occurring sulfur compounds, according to sources familiar with the matter and a notice seen by Reuters. Plains in recent days has sent notices to shippers that it will begin …
Plains All American’s Permian Pipelines Facing Quality Issues Read More »
