(Oil Price) – Donald Trump’s victory in last week’s elections has worried many people. The reason they are worried is the word tariffs. Trump has threatened to impose tariffs on every country he sees as having an unfair trade advantage over the United States. One country is lucky, however. That county really does have an advantage—and tariffs will not erase this advantage.
(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced it has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of $3.95 billion, consisting of $2.95 billion of cash and $1.0 billion of Coterra common stock, issued to one
(Oil Price) – Oil markets have kicked off the new week on the back foot, with oil prices sliding after a disappointing Chinese stimulus while traders continue to digest news of Trump winning a second term in the White House. Whereas China’s top legislative body approved a $1.4T package to help local governments swap some of their mounting debts off their
(Investing) – BAKU- World leaders are speaking at the U.N. climate summit in Baku on Wednesday. Here are the latest comments: ALBANIA PRIME MINISTER EDI RAMA “I decided to leave aside my well prepared speech because …yesterday I was watching the silent TV in the leaders’ lounge, where the organizers have thoughtfully added green plants above the comfortable couches. “People
(World Oil) – The Oil & Gas Decarbonization Charter (OGDC) has published its Baseline Report, setting a foundation to help prioritize and track progress on emissions reductions made by the 54 oil and gas companies — representing almost 45% of the global oil production, that have signed up to the Charter’s ambitions. These ambitions include to work toward net-zero operations by
(BOE Report) – President Joe Biden’s administration has asked the European Union to ensure liquefied natural gas shipments that meet U.S. methane regulations automatically comply with Europe’s standards for imports, according to a letter seen by Reuters. Linking U.S. and EU methane standards would safeguard United States’ growing LNG trade with Europe while also cementing Biden’s methane rules, even if
(Investing) – Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China. OPEC cited weakness in China, India, and other regions for its decision, which marked the producer group’s fourth straight downward revision for 2024. Brent futures were 65 cents,
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