As US onshore oil growth slows, will improved drilling boost Gulf of Mexico offshore oil production?
Analysts and consultants predict that offshore investment will continue to grow as new technology and more friendly regulations encourage investment. In recent years, the offshore oil and natural gas sector has been overshadowed by shale…
Oil Prices Drop Amidst Gaza Ceasefire Plan As Risk Premium Fades
Oil prices declined to multi-month lows on Friday as the market's risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza.Brent crude futures were down $1.73, or 2.7%, at $63.49 a barrel at 1316 GMT.
US grants license to Shell, Trinidad to develop Venezuelan gas field, official says
Trinidad's Attorney General said that the U.S. Government has given Shell and Trinidad and Tobago permission to develop a offshore gas field near the maritime border in Venezuela, Trinidad's attorney-general announced on Thursday. In recent years…
S&P 500 and Nasdaq reach intraday records as rate-cutting hopes overshadow shutdown fears
S&P 500 and Nasdaq both hit intraday records at the market opening on Thursday. This was due to renewed expectations of interest rate reductions. Traders are bracing for a week-end with little data, but few new catalysts. Investors have been able to ignore the uncertainty of the U.S.
The US government shutdown could disrupt the IPO market momentum
The U.S. shutdown could stall the long-awaited return of the IPO market, even though strong investor demand and successful debuts have boosted new listings. Deep partisan differences prevented Congress and White House from reaching an agreement on funding.
Trinidad receives US support for cross-border energy projects
Trinidad and Tobago received U.S. assistance to develop the Dragon field in Venezuela. This could include a U.S. Treasury Department license, the U.S. Government and Trinidad announced on Tuesday. The announcement came after a meeting in Washington between U.S.
Perpetua Resources talks to Glencore and others about US antimony processing
Perpetua Resources announced on Thursday that it was in discussions with Glencore and Trafigura about a partnership for the refinement of antimony in America. This is part of an effort to increase Western supplies of this critical mineral, whose exports China blocked. The U.S.
Alaskans fear higher energy prices as Trump drills
Alaskans spend nearly two times as much on electricity as the national average. Matt Goodnow, financial counselor at a hospital located in Homer, Alaska, a fishing village on the Kenai Peninsula, said that higher energy costs would be detrimental to the community.
US energy chief: EU could stop buying Russian gas in a year
Chris Wright, the U.S. Energy Secretary, said on Friday that the European Union can replace Russian gas with U.S. Liquefied Natural Gas within 6-12 months. The United States has communicated its position to EU officials in this week.
Trump signss order to lower Japanese auto tariffs
On Thursday, U.S. president Donald Trump signed an executive order to lower tariffs announced in July on Japanese auto imports and other products. Seven days after the publication of the order, lower auto tariffs will come into effect. The tariff relief extends back to August 7, in part.
After staff cuts, US Energy Data Agency delays reports on uranium and international outlook
Energy Statistics, the U.S. Government's arm that collects and analyzes data about energy, has seen its staff reduced this year. On Thursday, it announced it would delay publishing important energy data, including international outlook, as well as key energy information on uranium.
VEGOILS-Palm falls tracking weaker soyoil prices
Malaysian palm futures declined on Thursday due to weaker soyoil and possible trade talks between China and the United States. At the close, the benchmark palm oil contract on Bursa Derivatives Exchange for November delivery fell 40 ringgit or 0.89% to 4,448 Ringgit ($1,057.79).
VEGOILS-Palm slips tracking weaker soyoil prices
Malaysian palm futures fell on Thursday as a result of lower soyoil costs, and also because trade talks between China and the United States were likely to be in focus. At the midday break, the benchmark palm oil contract on Bursa Derivatives…
Orsted cash plan is at risk after Trump blocks US Wind Project
Analysts said that Orsted's plans to raise capital are at risk after a U.S. court order to stop construction on a nearly completed project. The Danish group's stock price may also be under pressure Monday due to the U.S. ruling. Orsted…
South Korea: timing of U.S. auto tariff reduction not yet decided
Kim Jung-kwan, South Korea's Minister of Industry, said that Seoul must continue to discuss with Washington the timing of the promised reductions in tariffs on South Korea's auto exports to the U.S. Last week, President Donald Trump announced that the U.S.
GRAINS-Chicago soyabeans rebound after initial pressure from weaker soybean oil; corn and wheat dip
Chicago soybean futures stabilized after briefly being weighed down due to a drop in soyoil, which was attributed to easing concerns about crude oil supply disruptions from the Middle East. The most active soybean contract increased 0.14%, to $10.48-2/8 a bushel.
US Supreme Court to hear Chevron, Exxon appeal over Louisiana coastal damage
The U.S. Supreme Court ruled on Monday that it would hear an appeal by Chevron and Exxon Mobil, as well as other oil and gas firms, to move lawsuits filed by two Louisiana municipalities accusing them of damaging the state's coastline…
US Supreme Court to hear Chevron, Exxon appeal over Louisiana coastal damage
The U.S. Supreme Court ruled on Monday that it would hear an appeal by Chevron and Exxon Mobil, as well as other oil and gas firms, to move lawsuits filed by two Louisiana municipalities accusing them of damaging the state's coastline…
Aluminum producers in the US benefit from Trump's tariffs
Four industry sources say that President Donald Trump will benefit from the higher tariffs on imported metals as domestic prices rise. Some industry players worry that Trump's decision to increase tariffs from 25% to 50% on June 4, could…
Gazprom's Q1 net profit reaches $8.4 billion
Gazprom, a Russian energy company, reported that its first-quarter net profit rose around 1% from the same period in the previous year. Sales and the rouble's exchange rate were also higher. Gazprom reported that the strengthening of…