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By Robert Cyran NEW YORK, Jan 23 (Reuters) – Greenland deal or no, the international order is fraying. As the Trump administration ramped up – before stepping back from – brazen territorial claims, Canadian Prime Minister Mark Carney captured the mood at the World Economic Forum in Davos: “Great powers have begun using economic integration …
US Energy Dominance Would Make for a Clumsy Weapon Read More »
(Reuters) – U.S. natural gas futures rose on Friday and has gained over 68% so far this week, lifted by forecasts for extreme cold over the next two weeks that is expected to drive heating demand to near-record levels and freeze oil and gas wells, cutting output. On Friday, front-month gas futures for February delivery …
US Natgas Futures Surge 68% This Week on Frigid Weather Forecasts Read More »
(Reuters) – Kazakhstan’s energy ministry said on Friday that it had held talks on energy cooperation with the U.S. Department of Energy and the U.S. embassy in the Central Asian country, which is a major energy producer, accounting for around 2% of daily oil supply. In a statement posted on Telegram, the ministry said that …
US, Kazakhstan Energy Ministries Discuss Cooperation Read More »
(Reuters) – SLB beat Wall Street estimates for fourth-quarter profit on Friday, helped by steady demand for its oilfield equipment and services in North America. U.S. crude production was expected to hit a record 13.41 million barrels per day in 2025, according to Energy Information Administration forecast, benefiting oilfield services companies. Quarterly revenue from SLB’s …
SLB Beats Quarterly Profit Estimates on Strong North America Activity Read More »
(Reuters) – U.S. control of Venezuela’s oil exports has ensnared barrels that had been servicing debt to China, lining up another potential showdown between the two superpowers that could further complicate the South American country’s path out of default. Around a tenth of Venezuela’s $150 billion foreign debt pile is estimated to be loans from …
US Control of Venezuela Oil Risks Debt Restructuring Showdown with China Read More »
US natural gas futures pared a record breaking three-day rally, after traders finished exiting short positions and the market braced for a historic winter storm. Front-month contracts dropped as much as 7.6% to $4.660 per million British thermal units on Friday, after surging 63% over the previous three sessions. Prices were still on track for their biggest …
US Natural Gas Falls After Record-Breaking Three-Day Rally Read More »
The oil-services giant is moving idled equipment overseas as US shale growth slows Halliburton Co. just offered some of the best evidence yet that fracking, which turned the US into the biggest oil and gas producer, is spreading around the world. The Houston-based company, which fracks more wells than anyone, said on Wednesday that it has shifted …
Halliburton Exports Its Oil Gear as Fracking Goes Global Read More »
Takeaways by Bloomberg AI The Trump administration has no plans to directly provide security to oil producers in Venezuela, according to Energy Secretary Chris Wright. Wright said the US involvement in controlling the flow of funds in Venezuela gives the US leverage to reduce criminality and improve business conditions. Wright plans to travel to …
US Won’t Offer On-the-Ground Security to Oil Firms in Venezuela Read More »
Takeaways by Bloomberg AI The Trump administration is canceling almost $30 billion of financing from the Energy Department’s green bank after reviewing transactions approved under former President Joe Biden. The Energy Department plans to revise another $53 billion of funding and has eliminated about $9.5 billion in financing for wind and solar projects. The Energy …
US Is Canceling Almost $30 Billion in Biden-Era Energy Loans Read More »
Summary Oil prices had dropped on Thursday as Greenland tension subsided Supply disruption concerns offered price support Kazakhstan’s Tengiz oilfield yet to resume output (Reuters) – Oil prices rebounded on Friday after U.S. President Donald Trump renewed threats against Iran, raising concerns of military action that could disrupt crude supplies while there are outages …
Oil Prices Rise on Trump’s Iran ‘Armada’ Comments and Kazakh Outage Read More »
