Wednesday, July 16, 2025
Oil prices dip as traders weigh Trump’s Russia sanctions delay, Chinese GDP- oil and gas 360

Oil prices dip as traders weigh Trump’s Russia sanctions delay, Chinese GDP

(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,

U.S. shale producers unlikely to boost drilling despite Trump’s call- oil and gas 360

U.S. shale producers unlikely to boost drilling despite Trump’s call

(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

Brent crude prices slide as Trump delays Iran strike decision; weekly gains likely- oil and gas 360

Brent crude prices slide as Trump delays Iran strike decision; weekly gains likely

(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,

Trump fires nuclear chief in energy deregulation shakeup- oil and gas 360

Trump fires nuclear chief in energy deregulation shakeup

(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

Trump’s big beautiful bill could hurt his own energy agenda- oil and gas 360

Trump’s big beautiful bill could hurt his own energy agenda

(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

EIA sees U.S. oil output slipping slightly during 2026- oil and gas 360

EIA sees U.S. oil output slipping slightly during 2026

(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

Trump’s coal comeback goes global- oil and gas 360

Trump’s coal comeback goes global

(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

Oil rises 1% as China, U.S. teams to meet following Trump, Xi trade call- oil and gas 360

Oil rises 1% as China, U.S. teams to meet following Trump, Xi trade call

(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

Trump to nominate Swett for FERC head, chair says- oil and gas 360

Trump to nominate Swett for FERC head, chair says

(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

A note on the news: Reorganizing the world- oil and gas 360

A note on the news: Reorganizing the world

(Oil & Gas 360) – Donald Trump made a trip to the Middle East, and clearly, he is reorganizing the world.  He strengthened US relations with Saudi Arabia and made commercial agreements with Qatar and the United Arab Emirates. Agreements with Saudi Arabia involved large arms purchases and financial commitments by the US and Saudi Arabia with each other, and

Trump will allow Chevron to keep Venezuelan assets- oil and gas 360

Trump will allow Chevron to keep Venezuelan assets

(Oil Price) – The Trump administration will grant Chevron the right to keep its operations in Venezuela after its sanction waiver expires in June, Reuters and the Wall Street Journal reported separately, citing unnamed sources. According to the sources, Chevron would be able to retain its assets in Venezuela, but would not be able to export oil from the country to the United States.

Trump wants pipelines, but Midstream firms aren’t biting- oil and gas 360

Trump wants pipelines, but Midstream firms aren’t biting

(Oil Price) – U.S. midstream companies are hesitant to commit to new pipeline builds amid market volatility and tariff uncertainty. Some companies are announcing new projects, especially those bringing natural gas to power data centers, but the industry is generally in a wait-and-see mode regarding greenfield projects despite the Trump Administration’s regulatory push to accelerate energy infrastructure expansion. Firms have announced