(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
(World Oil) – – President Donald Trump ordered the creation of a White House council focused on steering the U.S. toward “energy dominance,” with the promise of action as soon as next week. “We have more energy than any other country, and now we are unleashing it,” Trump said Friday in the Oval Office as he signed an executive order
(Oil Price) – President Donald Trump wasted no time flexing his pro-fossil fuel stance, approving the first LNG export permit since Biden’s controversial pause last year and creating a new energy council to expand U.S. oil and gas production. The move is a sharp policy reversal and seeks to reinforce America’s position as the world’s top hydrocarbon producer. Commonwealth LNG, the
(Oil Price) – The Trump administration is looking into ways to cancel federal loans granted by the Department of Energy for transition projects from a $400-billion fund, Bloomberg has reported, citing an unnamed source. According to the report, the new leadership at the Department of Energy would focus its financial firepower on projects in nuclear energy, liquefied gas and other segments supported
(World Oil) – OPEC+ didn’t make any changes to its existing oil-production plans at a review meeting on Monday, even as President Donald Trump called on the group to lower crude prices. A panel of key members led by Saudi Arabia and Russia maintained plans to keep a lid on crude supplies for the rest of this quarter, and then
(Oil Price) – A national energy emergency declaration, a pledge to boost oil and gas production, and the threat of tariffs on Canadian oil—these are just a few of President Trump’s first moves in the energy game since he came into office. These moves have potential implications for energy companies around the world—and this includes Argentina, which just booked a major
(Oil Price) – By reversing and axing most climate policies of the Biden administration, U.S. President Donald Trump will not be able to reverse progress in the energy transition as there is still a “compelling case” in favor of clean energy solutions, according to Citigroup’s analysts. “Clean energy is cheaper, more widely available, and more efficient,” Citigroup ESG analysts wrote in
(Investing) – BRUSSELS/LONDON – A second U.S. withdrawal from the world’s primary climate pact will have a bigger impact – in the U.S. and globally – than the country’s first retreat in 2017, analysts and diplomats told Reuters. One of President Donald Trump’s first acts on returning to office on Monday was to quit the Paris Agreement as part of his
(Investing) – WASHINGTON – President-elect Donald Trump will sign an executive order declaring a national energy emergency aimed at boosting U.S. oil and gas production and lowering costs for U.S. consumers, an official with the incoming White House said on Monday. The emergency declaration is just one of many actions Trump is expected to take on Monday to bolster the U.S.
(Oil Price) – President-elect Donald Trump’s pick for Secretary of Energy, Chris Wright, pledged on Wednesday to help unleash a major expansion in U.S. domestic energy production, including oil, LNG, and nuclear power. “The security of our nation begins with energy,” Wright said in remarks prepared for his confirmation hearing at the Energy and Natural Resources Committee today. “Previous administrations have viewed energy
(Investing) – President-elect Donald Trump has promised to maximize U.S. oil and natural gas production – already at record highs – in part by clearing away what he deems as unnecessary regulation and bureaucracy. Here are some of the energy-related executive orders Trump could announce during his first days in office, as he seeks to follow through on that promise. CLIMATE WITHDRAWAL Trump
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