(Investing) – HOUSTON – A U.S. federal judge trying to move ahead with an auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum is dealing with a fresh dispute between creditors after a lowball starting bid was recommended in a reboot of the sale. The complex auction meant to repay 18 creditors for debt defaults and expropriations by
(BOE Report) – U.S. natural gas producers and investment firms are gearing up for more activity in Louisiana’s Haynesville shale basin, positioning themselves for a boom in liquefied natural gas exports boosted by new approvals from President Donald Trump. Gas prices are rising as LNG producers in the United States, already the world’s largest LNG exporter, bring new projects online
(Oil Price) – Saudi Arabia, the world’s top crude oil exporter, is expected to slash the price of its oil loading for Asia in May to the lowest level in three months amid a slide in regional benchmarks, a Reuters survey of Asian refining and trading sources showed on Friday. Saudi oil giant Aramco is set to slash its official selling price (OSP)
(World Oil) – A federal district judge on Thursday ruled against a Biden administration sale of oil and gas drilling rights in the Gulf of America, faulting the government with failing to sufficiently analyze its possible effects on the climate and endangered whales. However, U.S. District Judge Amit P. Mehta in Washington left open the question of what to do about
(BOE Report) – Oilfield service providers will face modest hits to earnings from U.S. President Donald Trump’s decision to impose tariffs on steel imports, Liberty Energy Chief Executive Ron Gusek said on Thursday. Trump imposed 25% tariffs on steel and aluminum on March 12, and more could be coming April 2. A Dallas Federal Reserve survey on Wednesday showed executives
This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 over last week, resulting in a total count of 592 rigs. Canada had a decrease of 17 over last week, resulting in a total Canadian count of 163 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Granite Wash, Haynesville, and Utica regions experienced
(Investing)– WASHINGTON – U.S. President Donald Trump said he had a productive call on Friday with Canadian Prime Minister Mark Carney and that the two leaders would meet after Canada’s election, which is scheduled for next month amid increased tensions between the neighboring allies. “It was an extremely productive call, we agree on many things, and will be meeting immediately after
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