Sunday, October 12, 2025

U.S. Oil Prices: Export Ban Lifts, See What Happens

The Brent/WTI spread disappears Last Friday, Dec. 18, the United States Senate adopted the Omnibus Appropriations Act by a vote of 65-33 as did the House of Representatives by a 316-113 vote. Later that day, President Obama then signed into law the $1.1 trillion funding bill.  Those actions brought an end to the 40 year old law that had banned exporting

Chevron Lines Up Chinese Buyer for Liquefied Natural Gas From Australia

Story from the Wall Street Journal. U.S. energy company signs nonbinding agreement with China Huadian Green Energy Co. MELBOURNE, Australia— Chevron Corp. has lined up a Chinese buyer for natural gas from its multibillion-dollar developments in northwestern Australia, helping shore up their commercial health as crude-oil prices hit multiyear lows. Chevron said it had signed a nonbinding agreement with China