March 21, 2025 – Oil & Gas 360

Trump invokes wartime powers to boost U.S. critical minerals output

March 21, 2025

(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

Canadian opposition, oil CEOs call for scrapping federal carbon price system

March 21, 2025

(Investing) – CALGARY – The future of Canada’s six-year-old carbon pricing system is on shaky ground after 14 oil and gas CEOs and the political opposition leader this week called for its repeal. Scrapping the system, which aims to reduce pollution by giving heavy industry a financial incentive to cut carbon emissions, however, puts the viability of a high-profile carbon capture

Climate activist urges bp investors to vote against oil-pro chairman’s reelection

March 21, 2025

(World Oil) – Climate activist Follow This is calling for investors in bp Plc to vote against the reappointment of Chairman Helge Lund at next month’s annual general meeting, in a public rebuke to the company’s recent pivot back toward oil and gas. Follow This has a history of pressuring bp to do more to tackle global warming, backing an

US Natgas prices edge up 1% on record flows to LNG export plants

March 21, 2025

(US News) – U.S. natural gas futures edged up about 1% on Friday on record flows to liquefied natural gas (LNG) export plants. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 5.3 cents, or 1.3%, to $4.028 per million British thermal units (mmBtu) at 9:16 a.m. EDT (1316 GMT). On Thursday, the contract closed at

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 1 is at 593

March 21, 2025

This week’s Baker Hughes Rig Count shows that the U.S. increased by 1 over last week, resulting in a total count of 593 rigs. Canada had a decrease of 19 over last week, resulting in a total Canadian count of 180 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford, and the Arkoma Woodford regions

Transition investors pile into buyers’ market for wind and solar

March 21, 2025

(Oil Price) – Investors in energy transition businesses are enjoying a shift in market sentiment that has led to valuation slumps turning a lot of wind, solar, battery storage, and other companies from the area into great bargains. Bloomberg reports that the recent crash in wind, solar, battery, and other transition-related stocks has whetted buyers’ appetite on the grounds that the fundamentals of

Oil heads towards second consecutive weekly gain on supply concerns

March 21, 2025

(Investing) – LONDON -Oil prices fell slightly on Friday but were heading for a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude futures were down 23 cents, or 0.3%, at $71.77 a barrel by 1300 GMT. U.S. West Texas Intermediate crude futures fell

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