Trump Administration – Oil & Gas 360

Chevron continues U.S. deliveries of Venezuelan crude despite maritime blockade

December 30, 2025

(World Oil)– At least two vessels chartered by Chevron Corp. that picked up oil from Venezuela since the Trump administration launched a partial maritime blockade have successfully unloaded cargoes at U.S. ports, according to data reviewed by Bloomberg. Chevron, which holds a U.S. license to drill and export oil from the sanctioned country, has finished discharging a cargo from the

Commodities buffeted by Trump whirlwind seek relief in 2026: Russell

December 30, 2025

(BOE Report)– Commodities were pelted in 2025 by the whirlwind of tariffs and policies imposed by U.S. President Donald Trump, and while the storm may recede in 2026, the ripples will last some time. Trump’s efforts to remake global trade and his shifting geopolitical moves have boosted volatility in commodity markets, with prices being driven by daily headlines rather than

Crude prices rebound on stalled Ukraine negotiations, China growth pledge

December 30, 2025

(World Oil)– Oil reversed Friday’s decline as U.S.-led talks to end the war in Ukraine failed to yield a breakthrough, and China vowed to support growth next year. Brent traded near $62 a barrel, while West Texas Intermediate topped $58. The U.S. has stepped up a push to end the war, but sticking points remain, highlighting the difficulty in reaching

US pauses leases for five offshore wind projects over radar concerns

December 22, 2025

(Investing)– The Trump administration on Monday said it suspended leases for five large-scale offshore wind projects that are being built off the U.S. East Coast over concerns they would interfere with military radar systems. The suspension marks the latest blow for offshore wind projects that have faced repeated disruptions under U.S. President Donald Trump, who has said he finds them

Trump’s trade policies drive decline in Asian imports of U.S. energy

December 18, 2025

(Oil Price)– Falling U.S. energy sales in China and India failed to offset increases elsewhere in Asia as the Trump Administration’s trade policies have upended Asia’s energy imports. While Japan and South Korea have increased their imports of American crude oil, China has slashed U.S. crude and LNG imports, after halting purchases of LNG in February in response to the trade frictions

Oil jumps over 1% as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela

December 17, 2025

(BOE Report)– U.S. crude futures rose more than 1% on Wednesday as U.S. President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela. U.S. crude futures were up 1.3%, or 72 cents, to trade at $55.99 at 0022 GMT. Oil prices settled near five-year lows in the previous session on progress in

New permitting freeze threatens hundreds of U.S. solar and wind projects

December 10, 2025

(Oil Price) – Solar and wind project approvals on federal lands have virtually stopped this year as the Trump Administration rolls back Biden-era clean energy laws and permitting regulations and shows openly hostile attitude toward green energy developments. Since President Donald Trump was sworn in in January, only one project, a solar development, has been approved on federal lands, according to

U.S. solar installations soar as developers rush to secure tax credits

December 9, 2025

(Oil Price) – The U.S. solar market saw a significant jump in capacity installations in the third quarter as developers ramp up activity and construction to qualify for the last investment tax credits that are being phased out by the Trump Administration. The industry added 11.7 gigawatts direct current (GWdc) of solar power capacity in the third quarter of 2025, up

Trump administration restructures DOE, dropping clean-energy offices in favor of hydrocarbons

November 21, 2025

(World Oil)– The Trump administration is eliminating Energy Department offices focused on clean energy and renewables and, instead, creating units dedicated to hydrocarbons and fusion energy. The changes are part of an agency reorganization unveiled Thursday. The plan made no mention of staffing reductions as part of the realignment, and the agency didn’t immediately respond to a request for

Massive blaze erupts at PDVSA’s Petrocedeno facility

November 20, 2025

(Oil Price)– A massive fire has erupted at a crude oil upgrader project in Venezuela after an explosion was heard near the distillation tower, workers on site and sources at state oil firm PDVSA told Reuters. The Petrocedeno project in Venezuela’s Orinoco Belt, operational since 2000, was one of the four original projects in the heavy crude oil belt in the

Oil prices rebound after recent losses; oversupply, demand concerns persist

November 6, 2025

(Investing)– Oil prices rose Thursday, rebounding after logging sharp losses in recent sessions as expectations of a supply glut and softening demand presented a weak outlook for crude. At 04:45 ET (09:45 GMT), Brent oil futures for January rose 0.7% to $63.98 a barrel and West Texas Intermediate crude futures gained 0.9% to $60.15 a barrel. Both contracts slid some 1% each on Wednesday,

Trump to meet Central Asian presidents as US seeks to counter China, Russia influence

November 6, 2025

(Investing)– U.S. President Donald Trump will host the leaders of five Central Asian nations at the White House on Thursday as the U.S. seeks to gain influence in a region long dominated by Russia and increasingly courted by China. The talks take place amid intensifying competition for Central Asia’s vast mineral resources. Western nations are seeking to diversify supply chains

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