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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 …
APA Curtails US Natgas and NGL Production in First Quarter on Weak Prices Read More »
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 …
Texas Wildcatters Grow Impatient With Trump as Oil Prices Tank Read More »
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 …
China-US Blossoming Petchem Ties Could Be trade War Casualty Read More »
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 …
US Utilities Grapple with Big Tech’s Massive Power Demands for Data Centers Read More »
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 …
Wall Street Week Ahead – Shell-Shocked Markets Brace For More Trump Tariff Tumult Read More »
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 …
Brookfield to Buy Colonial Pipeline for About $9 Billion, Including Debt Read More »
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. …
Trump Touts Plans to Spur Mammoth Alaska Gas Export Project Read More »
Affects 1.5 million homes in Minnesota, Michigan and New York Bloomberg News Ford has written letters to the governors of those states to inform them of the surcharge, he told reporters at the provincial legislature. “If these tariffs persist, if the Trump administration follows through on any more tariffs, we will immediately apply a 25 …
Summary • Brent, WTI head for first monthly drop in three months • Iraq to announce resumption of oil exports from Kurdistan region HOUSTON, Feb 28 (Reuters) – Oil prices fell on Friday and were headed for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian …
Oil Falls on White House Clash, Tariffs, Iraq Exports Read More »
Drillers are ramping up consolidation as the new administration changes US policy toward fossil fuels. By David Wethe Welcome to our guide to the commodities powering the economy. Today, reporter David Wethe examines how the shale industry is responding to the Trump administration’s enthusiasm for fossil fuels. Appetite for deals in the US shale patch …
Shale Revives Deal-Making Agenda After Trump Changes Course Read More »
