Trafigura, Gunvor Weigh Trump Wildcard Against Oil Glut in 2025
Two of the world's biggest oil traders are expecting the market to be oversupplied next year - but both agree that Donald Trump might just change everything.
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Oil Slips Amid Fed Signals and Trump Tariff Threats
Crude posted weekly losses as slower Fed rate cuts and Trump's EU tariff threats weighed on markets, while muted inflation data tempered the selloff.
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EIA Expects USA Energy Consumption to Rise
Total U.S. energy consumption will come in at 23.86 qBtu in the fourth quarter of this year, according to the EIA.
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Phillips 66 to Sell Stake in Gulf Coast Express Pipeline
The transaction will result in the Houston, Texas-based downstream oil and gas player exceeding a $3 billion divestment plan.
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Trump Threatens Tariffs If EU Doesn't Buy More USA Oil and Gas
The U.S. is the world's largest producer of crude oil and the biggest exporter of liquefied natural gas.
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Chevron Places 20-Year, 2 MMtpa Offtake from Lake Charles LNG
Energy Transfer signed an agreement to supply Chevron two MMtpa of LNG over 20 years from the planned Lake Charles LNG in Louisiana.
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Sound Energy Closes Divestment of Moroccan Assets
'This is a transformative transaction for Sound Energy, unlocking significant value and we look forward to the new chapter of Tendrara development and exploration activity in Morocco'.
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Oil on Track to Average $80 in 2024, JP Morgan Highlights
J.P. Morgan analysts highlighted that Brent crude oil 'is on track to average $80 per barrel in 2024', which they pointed out is $3 below their projections from last June.
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Vitesse to Acquire Williston Basin Producer Lucero
Vitesse signed a deal to acquire Lucero, an oil and gas producer focused on the North Dakota side of the Williston Basin, in an all-stock transaction with a diluted equity value of $222 million.
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EU Agrees to Install Up To 89 GW of Offshore RE Generation Capacity by 2030
EU member states reached initial agreements on targets for offshore renewable generation capacity up to 2050, starting with an overall goal of 86–89 GW by 2030.