Trump – Oil & Gas 360

Trump moves to supercharge U.S. LNG as exports hit new highs

December 2, 2025

(Oil Price) – The U.S. federal government is considering further steps to speed up the buildout of liquefied natural gas export infrastructure as flows of natural gas to LNG plants hit a record high. Exports, as it happens, are also running at all-time highs. The Federal Energy Regulatory Commission’s chairwoman announced the coming changes in a statement that said, “Energy infrastructure needs to

What could Maduro offer Trump in potential talks? Oil

November 25, 2025

(BOE Report)– Venezuelan President Nicolas Maduro has the flexibility and the incentive to offer crude oil cargoes, which the country mostly sells to China, as a bargaining chip if Venezuela were to hold negotiations with the United States. U.S. President Donald Trump’s administration, which has boosted its military presence in the Caribbean, has said he is open to talks with

Chevron CEO affirms long-term presence in Venezuela as political pressure grows

November 19, 2025

(World Oil) – Chevron Corp., the only major U.S. oil company left in Venezuela, wants to remain in the sanctioned country for the long-term and sees a role in rebuilding its economy when the time is right. “The kinds of swings that you see in places like Venezuela are challenging but we play a long game,” Chief Executive Officer Mike Wirth

Trump finalizes rollback of Arctic drilling restrictions

November 14, 2025

(World Oil) – The Trump administration rescinded restrictions on oil drilling in Alaska’s mammoth state petroleum reserve, reversing a move by former President Joe Biden that put limits on an area holding an estimated 8.7 billion barrels. The policy reversal finalized Thursday applies to a 2024 rule that banned drilling on nearly half of the 23 million-acre National Petroleum Reserve-Alaska,

Trump will buy 1 MMbbl to help replenish Strategic Petroleum Reserve

October 22, 2025

(World Oil) – The Trump administration is taking advantage of low oil prices and buying 1 MMbbl to start refilling the nation’s depleted emergency crude supply. The Energy Department announced Tuesday that it plans to buy oil for delivery in December and January, using a portion of the $171 million from President Donald Trump’s signature tax and spending law

Trump’s India squeeze to push Russian oil further into the shadows: Bousso

October 20, 2025

(BOE Report) – Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market. The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement

Oil set for weekly loss on uncertainty over global supply outlook

October 17, 2025

(Investing.com)– Oil prices edged lower on Friday, heading for a weekly loss of nearly 3% after the IEA forecast a growing glut and U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet again to discuss Ukraine. Brent crude futures were down 9 cents, or 0.15%, at $60.97 a barrel at 1311 GMT, while U.S. West Texas Intermediate futures were 4

Fed’s Bowman expects two more interest rate cuts this year

October 14, 2025

(BOE Report)– Federal Reserve Governor Michelle Bowman on Tuesday said she continues to anticipate that the U.S. central bank will deliver interest rate cuts at its final two policy meetings of 2025. “I continue to see two more cuts before the end of this year,” Bowman said at an event in Washington. The Fed last month cut its benchmark interest

ExxonMobil retreats from Europe, credits Trump for pro-oil stance

October 14, 2025

(World Oil)– Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of the European Union’s energy policies while praising U.S. President Donald Trump’s approach. The Texas oil and gas giant is slowing investment in Europe and selling assets, with Woods describing the bloc’s climate and human rights regulations as “slowing things down and trying to over-prescribe unpractical” solutions. He

Maduro offered Venezuela’s oil to Trump to avoid conflict with U.S.

October 10, 2025

(Oil Price) – The administration of Venezuelan leader Nicolás Maduro has offered to open up Venezuela’s oil and gold projects to U.S. companies in an attempt to appease the Trump Administration and avoid conflict, the New York Times reported on Friday, quoting multiple sources close to the discussions. Over several months, officials of the Maduro regime have negotiated with U.S. officials offers of

Sable Offshore seeks Trump’s support to advance stalled California offshore oil project

October 10, 2025

(World Oil) – Sable Offshore Corp. is seeking the Trump administration’s help to jumpstart a California oil project stalled by red tape. The Houston-based company’s effort to tap hundred of millions of barrels of crude off the coast of Santa Barbara have been stymied by state regulators’ opposition to reopening pipelines that funnel the crude to refineries. If state approval

Carney pitches Keystone XL restart in exchange for progress on aluminum, steel

October 9, 2025

(BOE Report)– Prime Minister Mark Carney raised the prospect of reviving the Keystone XL pipeline project with U.S. President Donald Trump as part of a larger pitch on linking energy co-operation and support for Canada’s steel and aluminum sectors. A government source who was briefed on the disc aluminum, steelussions told The Canadian Press that Trump was “very receptive” to

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