(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
(Investing) – The administration of U.S. President Donald Trump on Monday proposed rolling back Biden-era limits on oil and gas drilling in an Alaska area that is the nation’s largest tract of undisturbed public land. The move is consistent with Trump’s goal to slash regulations for oil and gas development and increase domestic fuels production as part of his energy agenda.
(Investing) – Oil prices retreated Thursday, handing back earlier gains after data showed the U.S. economy contracted in the first quarter, suggesting the Trump administration’s volatile trade policies were weighing on economic activity. At 09:15 ET (13:15 GMT), Brent oil futures for July fell 0.7% to $63.89 a barrel, and West Texas Intermediate crude futures dropped 0.6% to $61.47 a barrel. Oil was sitting on
(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.
(World Oil) – Leaders from the National Ocean Industries Association (NOIA), American Petroleum Institute (API) and the Independent Petroleum Association of America (IPAA), issued statements today in support of the U.S. House of Representatives’ passage of the 2025 tax reconciliation bill. “House passage of this legislation is a significant milestone in advancing American energy dominance,” said NOIA President Erik Milito. “Many of
(Oil Price) – On the heels of my recent article outlining how California’s unique fuel regulations — not corporate price gouging — are driving up gasoline prices in the state, new developments have added urgency to that conversation. On May 6, California Senate Minority Leader Brian W. Jones (R-San Diego) sent a letter to Governor Gavin Newsom sounding the alarm over what could become an
(Investing) – WASHINGTON – Republican lawmakers working to extend U.S. President Donald Trump’s tax cuts legislation are facing a clean-energy conundrum back home, as major clean energy investments in their districts are at odds with Trump’s skepticism of the industry. Eleven of the 26 Republicans on the House of Representatives’ tax-writing Ways & Means committee, who are now crafting the
(BOE Report) – The European Union is looking at ways to make it easier for U.S. gas exports to comply with its methane emissions rules, as the bloc attempts to avert a trade war with U.S. President Donald Trump, three sources familiar with the matter told Reuters. The European Commission is working on its offer for trade negotiations with the
(Investing) – WASHINGTON -The Trump administration said on Thursday that it will no longer require environmental impact statements for oil and gas leases across the U.S. West, in a step toward lifting green hurdles to drilling that environmental groups will likely challenge in court. The Interior Department said in a release that it will no longer require its Bureau of Land
(Investing) – Oil industry lobbyist Kathleen Sgamma has withdrawn herself from consideration to lead the U.S. Bureau of Land Management, U.S. Senator Mike Lee said on Thursday at a Senate hearing that was meant to discuss her nomination. Sgamma had been scheduled to appear before the Senate Committee on Energy and Natural Resources, and Lee, a Republican from Utah, made the
(Investing) – BEIJING/LONDON -China placed export restrictions on key rare earth elements on Friday as part of its sweeping response to President Donald Trump’s tariffs, potentially squeezing supply to the U.S. and the West of minerals vital to everything from defense to electric cars. China produces around 90% of the world’s refined rare earths, a group of 17 elements used across
(Oil Price) – PDVSA, the state oil firm of Venezuela, will continue to produce alone crude from its joint ventures with Chevron after the Trump Administration axed the U.S. supermajor’s license to operate in the South American country, Reuters reports, citing a PDVSA document it has seen. At the end of February, U.S. President Donald Trump canceled a sanction waiver for Chevron that allowed
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