(Investing) – WASHINGTON – U.S. President Donald Trump will sign executive orders as soon as Friday that aim to jumpstart the nuclear energy industry by easing the regulatory process on approvals for new reactors and strengthening fuel supply chains, four sources familiar said. Facing the first rise in power demand in two decades from the boom in artificial intelligence, Trump declared
(Investing) – U.S. oil producer Chevron Corp (NYSE:CVX) and several European companies are in talks with the Trump administration to obtain authorizations to keep their stakes in joint ventures with Venezuela’s state-run PDVSA, three sources close to the matter said. Washington in March revoked licenses and authorizations it had granted in recent years that allowed PDVSA’s foreign partners and customers to do business
(Investing) – NEW YORK -Just 100 days into President Donald Trump’s second term, oil prices have slumped over 20% to below many U.S. producers’ breakeven costs as investors lose confidence amid tariff and policy uncertainty – undercutting Trump’s push for U.S. energy dominance. Trump campaigned on the often repeated refrain of “drill, baby, drill” and moved on his first day in
(Investing) – WASHINGTON -The Trump administration has terminated federal employees in charge of U.S. global climate policy and climate aid as part of its reorganization of the country’s diplomatic focus, the State Department said on Friday. The career employees in the Office of Global Change, which came under the State Department’s Bureau of Oceans and International Environmental and Scientific Affairs, played
(Investing) – WASHINGTON -U.S. President Donald Trump will sign executive orders on Tuesday to boost the coal industry, a senior White House official and two sources told Reuters, in his latest action that runs counter to global efforts to curb carbon emissions. Coal-burning plants generate less than 20% of U.S. electricity, compared with about 50% at the beginning of the century,
(Investing)– WASHINGTON – U.S. President Donald Trump said he had a productive call on Friday with Canadian Prime Minister Mark Carney and that the two leaders would meet after Canada’s election, which is scheduled for next month amid increased tensions between the neighboring allies. “It was an extremely productive call, we agree on many things, and will be meeting immediately after
(Oil Price) – President Donald Trump invoked emergency powers to increase U.S. critical minerals production in a bid to reduce reliance on “hostile foreign powers’ mineral production.” In an executive order, the U.S. President invoked the Defense Production Act (DPA), which is the main tool at a U.S. president’s disposal to shift economic activity toward national defense priorities. The executive order
(World Oil) – The chief executives of more than a dozen oil companies will deliver a message of gratitude — as well as caution — when they meet with President Donald Trump on Wednesday. Industry leaders say they have plenty of reasons to give thanks. Trump is an unabashed champion of U.S. oil and gas production who has vowed to
(BOE Report) – Vladimir Putin has edged closer to his goal of repairing Russia’s relations with the United States and driving a wedge between the U.S. and Europe, while offering only a slim contribution towards Donald Trump’s peace efforts in Ukraine. Before Tuesday’s long phone call between the two presidents, the U.S. side had said it would seek Russia’s agreement
(Investing) – HOUSTON -Oil prices were up on Friday but retreated from session highs after U.S. President Donald Trump threatened sanctions on Russia if it fails to reach a cease-fire with Ukraine. Trump said in a post on Truth Social that he was “strongly considering” sanctions on Russian banks and tariffs on Russian products because its armed forces continue attacks in
(World Oil) – U.S. President Donald Trump said he plans to revoke an oil license to operate in Venezuela, citing the country’s failure to take back migrants to the U.S. as quickly as it promised. The U.S. president referred to a concession agreement from November 2022, which would match the date that Chevron Corp. was granted a license to produce and
(Oil Price) – Last week, U.S. President Donald Trump unveiled the National Energy Dominance Council that is tasked with enhancing America’s energy security and cutting reliance on foreign entities. According to a White House statement, the Biden-Harris Administration dramatically slowed the growth rate of American energy production and development, including by instituting a federal oil leasing moratorium and removing hundreds of million acres
