Politics

Source: CNBC

Market bull issues 10% correction warning, blames inflation fallout and Washington policy uncertainty

CNBC


Long-time market bull Phil Orlando is delivering a 10% correction warning.

 

Federated Hermes’ chief market strategist warns that uncertainty surrounding fiscal and monetary policies will prevent the market from breaking out of its recent rut.

“There could be …

September 28, 2021 - 2:00 pm Capital Markets, Closing Bell Story‎, Economy, Finance, Politics
Source: Reuters

No plans for U.S., Iran to meet at U.N. next week, says U.S. envoy

Reuters


UNITED NATIONS – U.S. Secretary of State Antony Blinken has no plans to meet with his new Iranian counterpart next week at the annual gathering of world leaders at the United Nations in New York, U.S. Ambassador Linda Thomas-Greenfield

September 17, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Politics
Source: Reuters

Blinken appeals to senators to move nominees stalled over Nord Stream 2 pipeline

Reuters


WASHINGTON – U.S. Secretary of State Antony Blinken appealed to the Senate on Tuesday to quickly confirm President Joe Biden’s nominees for national security-related positions, citing the ever-present risk of attacks.

“It is essential that we accelerate the process …

Source: World Oil

Prospects dim for Iran’s oil revival with Biden’s nuclear deal slipping away

World Oil


(Bloomberg) –The Biden administration faces the sobering reality that returning to the Iran nuclear deal may no longer be feasible, as the Islamic Republic finds ways to cope with U.S. sanctions and races toward the capacity to build …

Source: CNBC

Iran opens new oil terminal in bid to bypass crucial Strait of Hormuz for exports

CNBC


WASHINGTON – Iran on Thursday opened its first oil terminal in the Gulf of Oman, a move aimed at making Iranian President Hassan Rouhani’s regime less dependent on the Strait of Hormuz, often a source of international tension.

The …

Source: Reuters

Merkel defends U.S. Nord Stream 2 deal as Ukraine cries foul

Reuters


BERLIN/KYIV – German Chancellor Angela Merkel on Thursday defended a deal with the United States that allows the Nord Stream 2 gas pipeline to proceed as a pragmatic compromise, but Ukraine said it was too weak to ensure Russia …

Source: Fox Business

US, German deal on Russia’s Nord Stream 2 pipeline will ‘really undermine’ national security: Pompeo

Fox Business


Former Secretary of State Mike Pompeo slammed the Biden administration on Wednesday for the agreement with Germany, which would allow for the completion of the controversial Russian Nord Stream 2 natural gas pipeline, arguing that it would …

Source: Reuters

Biden, Merkel fail to resolve differences about Nord Stream 2 gas pipeline

Reuters


WASHINGTON – President Joe Biden and German Chancellor Angela Merkel failed on Thursday to settle their dispute over Russia’s Nord Stream 2 natural gas pipeline but said they agreed that Moscow must not be allowed to use energy as …

Source: Reuters

Iran says U.S. to lift oil sanctions, Germany cautious on matter

Nasdaq


Iran said on Wednesday the United States had agreed to remove all sanctions on Iran’s oil and shipping, although Germany cautioned that major issues remained at talks between Tehran and world powers to revive a 2015 nuclear deal.

The …

Source: CNBC

Iran’s President-elect Raisi rules out meeting Biden as oil markets look to nuclear deal’s future

CNBC


DUBAI, United Arab Emirates — Iranian President-elect Ebrahim Raisi gave his first press conference since the country’s election, saying Monday his priorities would be to improve ties with regional neighbors and revive the 2015 nuclear deal — and at …

Source: Fox Business

Biden, top financial regulators to focus on climate change at White House meeting

Fox Business


President Biden is slated to meet with top financial regulators on Monday afternoon in the Oval Office, during which they are expected to discuss a spate of issues including the risks that climate change poses to the financial …

Source: Reuters

U.S. to insist on ‘real steps’ to mitigate Russian pipeline impact

Reuters


U.S. Secretary of State Antony Blinken said on Tuesday that Washington was working with Germany to try to mitigate any effects of the completion of the Russian Nord Stream 2 natural gas pipeline.

He also indicated that more penalties …

Source: Reuters

Analysis: Iran nuclear deal rescue needs more time, envoys say ahead of fresh talks

Reuters


A host of barriers to the revival of Iran’s nuclear deal remain firmly in place ahead of talks due to resume this week between Tehran and world powers, suggesting a return to compliance with the 2015 accord is still …

Source: CNBC

Oil nations tipped for political instability if the world moves away from fossil fuels

CNBC


LONDON — Algeria, Chad, Iraq and Nigeria will be among the first countries to experience political instability as oil producers feel the effects of a transition to low carbon energy production, according to a new report from risk consultancy …

Source: CNBC

With Covid relief passed, Biden prepares to stake his presidency and Democratic majorities on infrastructure

CNBC


With President Joe Biden’s Covid-19 stimulus package just a signature away from becoming law, the White House now turns its attention to assembling and passing a once-in-a-generation infrastructure bill.

It’s not clear what the legislation will include. Yet the …

Source: Reuters

Biden, Trudeau aim to move past Keystone pipeline disagreement in first bilateral meeting

Reuters


WASHINGTON/OTTAWA – U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau will try on Tuesday to move past an early disagreement after Biden blocked the Canadian-backed Keystone XL pipeline and look to reset relations after the rocky years …

February 23, 2021 - 10:30 am Closing Bell Story‎, Energy News, Politics, Regulatory
Source: CNBC

Yellen says U.S. could return to full employment next year if Congress passes $1.9 trillion stimulus

CNBC


The U.S. could return to full employment in 2022 if President Joe Biden’s $1.9 trillion coronavirus rescue package is passed, Treasury Secretary Janet Yellen said on Sunday.

“There’s absolutely no reason why we should suffer through a long …

February 8, 2021 - 1:00 pm Closing Bell Story‎, Economy, Finance, Politics, Uncategorized
Source: Reuters

Republican bill seeks to block Biden’s federal lands oil leasing halt

Reuters


Republican senators from oil-producing states introduced legislation on Thursday that would block the Biden administration’s order pausing new oil and gas leasing on federal lands.

The bill, introduced by Senator Bill Cassidy of Louisiana and 24 other senators, would …

January 29, 2021 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Politics
Source: Reuters

Enbridge files in Federal Court to block Michigan’s illegal actions against Line 5

Enbridge files in Federal Court to block Michigan’s illegal actions against Line 5 …

November 25, 2020 - 6:03 am Pipeline News, Politics, Press Releases, Regulatory
Source: Reuters

U.S. Treasury Department gives Chevron new license to wind down Venezuela activities by June 3

Reuters


WASHINGTON – The U.S. Treasury Department on Tuesday issued a new license to Chevron Corp, the last major U.S. oil company still operating in Venezuela, giving it until June 3 to wind down its joint ventures in the OPEC …

Alaska Travel to North Slope - photo Credit Stu Turley

Trump Rushes Environmental Regulations That Could Handcuff Biden

BloombergQuint

(Bloomberg) — The Trump administration is rushing to issue permits, finalize major environmental regulations and even sell the rights to drill for oil in Alaskan wilderness before Inauguration Day in a push that could complicate Joe Biden’s climate and …

November 16, 2020 - 5:09 am Politics, Regulatory
Source: Reuters

China acknowledges Biden election win in snub to Trump – What does this mean to Energy?

argus

Oil & Gas 360 Publishers Note: This is wild politics at it’s finest. Let’s see if Putin follows China and acknowledges today.

Singapore, 13 November (Argus) — China has finally congratulated Joe Biden on winning the US presidential elections, …

Source: CNBC

Big Oil execs say they’re not worried about Biden’s energy plan, hope to ‘get his staff on board’

CNBC


LONDON — The prospect of a Joe Biden presidency and the most progressive climate strategy the U.S. has ever attempted is not something that should concern the energy industry, oil and gas executives have told CNBC.

Instead, they hope …

Source: Reuters

Oil climbs as U.S. stockpiles shrink, but election uncertainty overshadows market

CNBC


LONDON – Oil futures prices have started to signal OPEC+ may have to do more to offset a second wave of coronavirus and a renewed economic slowdown.

Between mid-September and mid-October, Brent’s six-month calendar spread had been tightening, a …

Source: Reuters

Republicans retain tight grip over Texas oil and gas regulator

Reuters


HOUSTON – A Texas Republican businessman swept to victory in the Texas Railroad Commission over a Democratic energy lawyer who had sought to put climate change on the state energy regulator’s agenda.

Jim Wright’s win keeps the Republican Party’s …

November 4, 2020 - 9:00 am Closing Bell Story‎, Crude Oil News, Energy News, Politics
Texas’ energy regulator may seat its first Democrat in 26 years – one race to watch

Texas’ energy regulator may seat its first Democrat in 26 years – one race to watch

Bloomberg

Oil & Gas 360 Publishers Note: Sergio Chapa and Kevin Crowley have an excellent review of the upcoming election.

Jim Wright, a Republican seeking a seat on a board that regulates the Texas energy industry, knows the agency intimately.…

November 1, 2020 - 6:30 am Energy News, Oil and Gas 360 Articles, Political News, Politics
Trump administration announces new sanctions on Iranian oil industry

Trump administration announces new sanctions on Iranian oil industry

Oct. 26 (UPI) — The Trump administration on Monday released a new round of sanctions a…

October 27, 2020 - 4:04 am International, Political News, Politics, Press Releases
Source: Reuters

Putin leaves door open for Opec+ cuts extension

Argus

Moscow, 23 October (Argus) — Russian president Vladimir Putin says that Opec+ could maintain or even deepen its existing crude production cuts next year, the first time Russia has acknowledged such a possibility. But he said he sees no …

October 23, 2020 - 1:39 pm International, OPEC, Politics
Source: Reuters

Sudan to join UAE, Bahrain in recognizing Israel – Another step in stabilizing oil prices through peace.

Fox News

Oil & Gas Publishers Note: This is one of the peace deals in the Middle East we have been looking for this week. This is just another step in stabilizing oil prices through peace.

President Trump announced Friday …

October 23, 2020 - 12:00 pm International, Oil and Gas 360 Publisher Note:, Politics
Trump, Biden clash over climate, oil industry in final debate

Trump, Biden clash over climate, oil industry in final debate

Reuters

Oil & Gas Publishers Note: Almost broke my crayon fact checking the debate, but have to admire the moderator for trying to be fair. 

Republican President Donald Trump and Democratic challenger Joe Biden clashed over the country’s response to …