Inside Trump’s Hardball Strategy to Control Global Oil Prices
No previous U.S. government nor its now second-term President Donald Trump are known for their forgiving natures of supposed past betrayals. This is particularly true when the transgressor has been an entity on which both have been forced to rely for …
US Oil Drillers See Minor Uptick in Activity
The total number of active drilling rigs for oil and gas in the United States rose again this week, according to new data that Baker Hughes published on Thursday, following a 2-rig increase in the prior week.The total rig count in the US rose by 2 to …
Rare Earth Showdown Hits Tesla, Defense Firms Hardest
The global automotive industry could soon start reeling from one of China’s boldest moves in the trade war—restricting exports of several rare earth metals that are critical to the auto manufacturing, energy, and defense industries.Earlier this mont…
Trump Tariffs Reshape MENA Oilfield Services
The Trump administration’s tariff regime, intended to boost US manufacturing and inflict punitive damage on Chinese manufacturing, has disrupted multiple industrial supply chains into the US with cascading effects across other regions. For the Middle…
Doubts Arise Over Azerbaijan Gas Export Targets
Azerbaijani leader Ilham Aliyev wants the European Union to ease regulatory hurdles and improve financing conditions to enable an expansion of natural gas exports. But recently published data raises doubts about whether Azerbaijan can meet a commitmen…
Soaring U.S. Power Demand Will Need All Energy Sources
AI data centers and the reshoring of some manufacturing will drive U.S. electricity demand growth over the coming decade.The world’s biggest economy will need all energy sources to ensure power demand is met. Natural gas is the biggest near-term winn…
Oil Rig Count Slides Amid Oil Price Turbulence
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, following a 2 rig dip in the prior week.The total rig count in the US fell by 7 to 583 rigs, acc…
Iraq’s 7 Million bpd Oil Production Goal Draws Swift Response from Chinese Firms
The recent reiteration by Iraq Oil Ministry of a 7 million barrels per day (bpd) oil production target within the next five years has spurred activity among Chinese firms that continue to dominate the country’s oil and gas sector. As it stands, more …
Oil and Gas Industry Bets on Low-Cost Quick-Pay Exploration
Oil and gas companies are looking to get the most bang for their buck in exploring for hydrocarbon resources.Those lucky enough to have made an early bet on what are now the huge frontier plays, such as Guyana, are seeing exploration expenditures and …
Oil Prices Drop to Lowest Level Since Pandemic as Trade War Accelerates
Crude oil prices slumped to their lowest level since 2021 after the U.S. announced a fresh 50% tariff for Chinese imports following Beijing’s refusal to withdraw its retaliatory 34% tariffs announced in response to Washington’s imposition of a 34% t…
Oil Price Slump, Tariffs Hit Oilfield Services Sector
Oil prices dropped off a cliff last week after President Trump announced a barrage of tariffs on global trading partners, triggering panic in the trading world. The effect has now rippled across the energy industry, set to discourage production growth…
Despite Trump’s Crackdown, Venezuela Still Has Buyers
It is 3 April, so any country buying Venezuelan oil must face a 25% tariff on all its trade with the United States. That is according to President Donald Trump’s executive order signed on 24 March. The White House has also ordered companies with sanc…
One in Five Refineries Faces Shutdown Despite Rising Fuel Demand
Refineries are switching to biofuels or shutting down due to hostile regulations—but demand for oil products is growing. This could result in either a market imbalance that will make these products more expensive or a geographical imbalance, which th…
The Real Reason Putin’s Offer Was Too Good for Trump To Refuse
The Western news media on the US/Russia relations is almost always so far behind the curve, that it’s a miracle they’re still in the game.Anyone who follows the issue closely knows that the deal between the US and Russia to end the war in Ukraine ha…
Kazakhstan Is Taking Big Hits As Trump and Putin Feud
Over the past few weeks, the Trump administration has attempted to broker a peace deal between Russia and Ukraine, offering a glimmer of hope that the 3-year war could soon come to an end. The U.S. has held separate meetings with Russian and Ukrainian…
India Set to Tap Vast Oil Reserves With Multi-Billion Dollar Investments
Amid concerns over U.S. President Donald Trump’s hard-hitting tariff policy, diversified Indian financial services company Motilal Oswal has suggested that India could strengthen its domestic industries and ramp up local production. Trump has a histo…