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Iranian Retaliation Against U.S. Forces Could Come Soon, U.S. Officials Say

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The United States assesses that Iran could carry out retaliatory attacks targeting American forces in the Middle East soon, although the U.S. is still seeking a diplomatic resolution that would see Tehran forgo any attack, two U.S. officials said on Monday. One of the officials, who spoke to Reuters on condition of anonymity, said Iran’s …

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Oil Prices Settle Lower as US Sanctions Ease Fears of Escalation in Iran

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Summary Oil futures rise on the week US imposes new Iran-related sanctions amid diplomatic efforts US oil and natural gas rig count falls for eighth straight week, first time since September 2023 EU abandons proposal to lower Russian oil price cap (Reuters) – Oil prices settled down on Friday as the U.S. imposed new Iran-related …

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NextDecade Signs $9 Billion Contract With Bechtel for Construction of LNG Sites 

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U.S. liquefied natural gas producer NextDecade said on Thursday that its units have finalized contracts with Bechtel Energy to construct train 4 and train 5 at its Rio Grande LNG facility, with a combined value of about $9 billion. Under engineering, procurement, and construction (EPC) contracts, NextDecade agreed to pay Bechtel about $4.77 billion under …

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EPA Proposes Giving Texas Authority to Oversee CO2 Injection Permits

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The U.S. Environmental Protection Agency on Monday proposed approving Texas’ application to oversee its own permitting for projects to inject carbon dioxide underground, a move long sought by that state’s regulators and oil and gas companies with projects in the wings. EPA Administrator Lee Zeldin said Texas is best positioned to protect its drinking water …

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Why Reducing Your Marketing During Times of Uncertainty is a Bad Idea – It’s Not the TIme to Disappear, It’s the TIme to Stand Out!

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When uncertainty strikes—whether it’s due to economic downturns, global events, shifts in your industry or the recent threat of tariffs—the knee-jerk reaction for many businesses is to cut costs, and marketing budgets are often the first to get slashed. On the surface, this might seem like a smart move: conserve cash, protect the bottom line, …

Why Reducing Your Marketing During Times of Uncertainty is a Bad Idea – It’s Not the TIme to Disappear, It’s the TIme to Stand Out! Read More »

Enbridge Beats Q1 Profit Estimates on Mainline and Gas Distribution Growth

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(Reuters) – Enbridge surpassed market estimates for first-quarter profit on Friday, driven by higher earnings from its Mainline system and gas distribution unit, and said that U.S. tariffs were not expected to materially impact its current operations. Canada is the leading supplier of imported oil to the United States, delivering about 4 million barrels per …

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

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*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

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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

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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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