(Oil Price) – President Donald Trump used his return to the United Nations General Assembly on Tuesday to lash out at both allies and rivals over continued purchases of Russian energy, saying countries buying oil and gas from Moscow are “funding the war against themselves.” Trump singled out China and India as the “primary funders” of Russia’s war in Ukraine, while
(Investing) – MILAN -U.S. Energy Secretary Chris Wright said President Donald Trump’s priority is to bring the Russia-Ukraine war to an end, without larger disruptions, when asked how the U.S. would react to Chinese purchases of sanctioned Russian LNG cargoes. “President Trump’s single greatest goal is prosperity in America and peace abroad,” Wright said in a press conference at the Gastech
(World Oil) – The Trump administration is withholding approval for several Western oil majors seeking to operate in Venezuela, ramping up pressure on Nicolás Maduro’s government even as Chevron Corp. is allowed to work there, according to people familiar with the matter. The pause is focused on non-U.S. firms, leaving companies including Spain’s Repsol SA, Italy’s Eni SpA and France’s Maurel
(Investing) – Oil prices slipped lower Tuesday, continuing the previous session’s selloff after U.S. President Donald Trump provided Russia with additional room to end the Ukraine war before taking action. At 07:45 ET (11:45 GMT), Brent oil futures expiring in September ticked down 0.1% to $69.10 per barrel, while West Texas Intermediate (WTI) crude futures fell 0.2% to $66.88 per barrel. After an initial rally,
(World Oil) – U.S. shale oil producers are unlikely to heed President Donald Trump’s latest call to “Drill, Baby, Drill” as they prioritize hedging over ramping up production in response to U.S. military strikes on Iran. Wary of being caught by yet another false start in global crude markets, U.S. oil companies are likely to use hedging contracts to lock
(Investing)– Brent crude oil prices fell sharply Friday, giving back some recent gains after the White House signaled that U.S. President Donald Trump will delay a decision on entering the Iran-Israel war for two weeks. At 07:50 ET (11:50 GMT), Brent oil futures fell 3.7% to $75.96 a barrel, while West Texas Intermediate crude futures, which did not settle on Thursday due to a U.S. holiday,
(Oil Price) – In a dramatic escalation with sweeping implications for the U.S. nuclear industry, President Donald Trump has removed Nuclear Regulatory Commission (NRC) Chairman Christopher Hanson, opening up a big vacancy at the top for a candidate with softer regulatory inclinations. The NRC, which oversees the operation of America’s 94 commercial nuclear reactors and regulates new designs such as small
(Oil Price) – President Trump’s U.S. energy dominance agenda could be derailed by one provision in the One Big Beautiful Bill Act, the tax and spending bill championed by the President and currently under review by the U.S. Senate. The One Big Beautiful Bill Act contains Section 899, officially named ‘Enforcement of remedies against unfair foreign taxes.’ This section proposes to increase the
(World Oil) – The U.S. sees domestic crude production declining next year for the first time since 2021 in a blow to U.S. President Donald Trump’s push for American energy dominance. Output is now expected to slip to 13.37 million bpd in 2026 from about 13.42 million bpd from 2025, according to the Energy Information Administration’s Short-Term Energy Outlook released
(Oil Price) – In a move that fuses domestic revival with international strategy, the Trump administration has greenlit the expansion of Montana’s Bull Mountains coal mine—unlocking nearly 60 million tons of coal destined for key U.S. allies Japan and South Korea. The approval, announced Friday by the Department of the Interior, comes under President Trump’s national energy emergency directive, signaling a bold return
(Investing) – HOUSTON -Oil prices rose 1% on Thursday, rebounding from the previous day’s drop as traders responded to news that U.S. and Chinese teams will meet shortly, following a phone call on trade held between U.S. President Donald Trump and Chinese leader Xi Jinping. Brent crude futures were up 65 cents, or 1%, at $65.51 a barrel by 11:36 a.m. EDT
(Investing) – WASHINGTON-U.S. President Donald Trump will nominate Laura Swett as chair of the Federal Energy Regulatory Commission, the current head of the panel and a White House official said. Swett, an energy lawyer with Vinson & Elkins, represents pipeline and power companies in cases before FERC and has been an adviser to a chair and a commissioner, both Republicans, at
