(World Oil) – The Senate voted Thursday to repeal a new U.S. fee on climate-warming methane emissions from oil and gas producers, sending the measure to the White House for President Donald Trump’s signature. The repeal, which would be a boon to oil and gas producers but abandons an incentive to control releases of a potent greenhouse gas, comes as
(Oil Price) – Norway’s energy major Equinor has held early talks to sell stakes in Argentinian shale operations to Argentina’s state-owned oil firm YPF, its joint venture partner in the assets, Bloomberg reports, quoting an unnamed source with knowledge of the development. Equinor, which entered Argentina in the 2010s, has both offshore and onshore interests in the South American country. Onshore, the Norwegian oil
(BOE Report) – Canada’s oil-producing province of Alberta on Thursday forecast a budget deficit of C$5.2 billion ($3.5 billion) for the 2025/26 fiscal year if U.S. tariffs are implemented and decrease government revenues and slow economic growth. The outlook reflects a dramatic reversal of Alberta’s fiscal health, following what is expected to be a C$5.8-billion budget surplus in the current fiscal
(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
(Investing) – Oil prices fell more than 1% on Friday and were headed for their first monthly drop since November, as markets braced for Washington’s tariff threats and Iraq’s decision to resume oil exports from the Kurdistan region. Uncertainty surrounding OPEC’s production resumption plans in April and ongoing talks to end the war in Ukraine also weighed on investor sentiment.
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