Trump Administration – Oil & Gas 360

Trump administration mulls additional $12 billion clean energy funding cut

October 7, 2025

(Investing) – The U.S. government is considering cancelling $12 billion in Congressionally-mandated funding for clean energy projects beyond the cuts announced last week, a list of targeted projects seen by Reuters showed. The projects on the list include two major direct air capture hubs that received billion-dollar awards from the administration of former President Joe Biden, including one that involves

Low oil prices: Saudi gift to Trump or ticking bomb?

October 7, 2025

(Oil Price)– OPEC+ yesterday agreed to yet another monthly boost in production, this time for a modest 137,000 barrels daily. Oil prices inched up, yet they remain tightly range-bound, with Brent at just over $65 per barrel following the news. On the one hand, this is good news for consumer countries—including the U.S. On the other hand, it’s bad news for

Gulf countries respond to U.S. trade pressure with trillion dollar plans

October 3, 2025

(Oil Price)– Over the past decade, the Gulf Cooperation Council (GCC), comprising Saudi Arabia, Qatar, the UAE, Bahrain, Kuwait, and Oman, has advanced bold strategies to reshape its economies by reducing reliance on oil while developing new sectors like renewable energy, tourism, financial services, and digital innovation. Charting a course toward long-term economic resilience, these nations have launched sweeping infrastructure

The slow demise of Russian oil production

September 30, 2025

(Oil Price)– For most of the last decade, OPEC and Russia, collectively referred to as OPEC+, have aligned their interests in maintaining high oil prices and set production quotas that furthered this goal. Saudi Arabia, OPEC’s largest member, has, as part of its Vision 2030 Initiative, a multi-trillion-dollar goal of diversifying its economy away from dependence on hydrocarbons and uses

Trump administration to expand coal leasing, fund coal plant upgrades

September 29, 2025

(Investing) – WASHINGTON -The Trump administration will expand coal mine leasing on federal lands and provide hundreds of millions of dollars to support more coal-fired power generation, officials said on Monday. The plan is part of a broader effort by the administration to reverse the decline of coal use in the U.S., a fossil fuel that has been hard hit by

Trump calls on World Bank to reconsider oil and gas financing

September 22, 2025

(Oil Price) – The Trump Administration is pushing the World Bank to boost funding for oil and gas in what would be a U-turn in the lender’s policy not to finance new fossil fuel projects. Back in 2017, the World Bank Group said it would no longer finance upstream oil and gas after 2019. But the group noted that “In exceptional circumstances, consideration

Trump policies threaten US clean energy jobs engine, report says

September 19, 2025

(Investing.com)– Jobs in solar, wind and other clean energy industries grew three times faster than in the rest of the U.S. workforce last year, according to a study published on Friday, warning that many of them could go due to Trump administration efforts to block renewables. The clean energy industry added 100,000 jobs in 2024, growing 2.8% to employ more

The future is bright for U.S. LNG

September 5, 2025

(Oil Price)– American LNG exports hit a monthly record in August as newly started-up projects gradually ramp up output and shipments, and facilities ended planned maintenance. The August record will be beaten very soon as new export projects are close to launch and the supportive Trump Administration continues to approve proposed plants. Three U.S. LNG projects have taken final investment

India will keep buying Russian oil despite Trump demands

September 5, 2025

(World Oil)– India’s Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil, signaling its intent to defy U.S. President Donald Trump’s persistent demands to halt the purchases. U.S. President Trump has imposed 50% tariffs on India in retaliation for Russian oil purchases “Where we buy our oil from, especially a big-ticket foreign exchange item where we pay

Note on the News: Eye of the Storm?

September 1, 2025

(Oil & Gas 360) – In the late winter and spring of this year, foreign policy was a major activity of the Trump Administration. The Ukraine war with Russia, the Middle East, and negotiating cease fires between India and Pakistan and between Rwanda and the Democratic Republic of Congo, and various trade discussions, many contentious, took focused diplomatic attention punctuated

Cold War plutonium could power future U.S. reactors

August 27, 2025

(Oil Price)– Plutonium material from dismantled U.S. nuclear warheads from the Cold War could be offered to American power firms as a fuel to potentially use in advanced nuclear technologies, under a draft plan of the Trump Administration. The U.S. does not use plutonium in nuclear power facilities. In the past, plutonium has been converted into fuel for commercial reactors

U.S. Department of Energy pledges $1 billion in critical mineral funds

August 14, 2025

(Oil Price)– The U.S. Department of Energy has announced close to $1 billion in funding opportunities for stimulating domestic mining, processing, and manufacturing ventures involving critical minerals in a bid to reduce the country’s dependence on imports. About half of the total will be spent on battery manufacturing and recycling, despite the Trump administration’s negative attitude to electric vehicles, which drove

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