Pumpjacks are seen in oilfields along Highway 33, known as the Petroleum Highway, west of Buttonwillow, Kern County, California on April 9, 2025. Frederic J. Brown | Afp | Getty Images U.S. crude oil rose more than 1% Monday after President Donald Trump exempted smartphones, computers and other tech devices from his steep tariffs on…
China’s gas production has grown steadily, with a 3.7% year-on-year increase in the first two months of 2025. Credit: GreenOak/Shutterstock. China has halted imports of liquefied natural gas (LNG) from the US for 40 days, the longest pause in nearly two years. This suspension, driven by trade tensions, has compelled traders to reroute shipments to…
Pumpjacks draw out oil and gas on a frosty -25C day from wells head near Carstairs, Alta., Monday, Feb. 3, 2025. Canada has the third-largest oil reserves in the world and is the world’s fourth-largest oil producer. THE CANADIAN PRESS/Jeff McIntosh · The Canadian Press Bank of Montreal’s veteran oil and gas analyst is making…
HOUSTON — The officials leading President Donald Trump’s energy agenda made clear to oil, gas and mining executives this week that they have an ally in Washington who intends to make it as easy as possible for them to drill in federal lands and waters. Interior Secretary Doug Burgum told executives gathered for the world’s…
Reports suggest the US may revive Nord Stream 2 in a potential deal with Russia, signaling a major policy shift under Trump. Financial Times revealed US investors are exploring agreements with Gazprom, potentially using Russian gas as leverage for peace talks in Ukraine. If true, this could reshape Europe’s energy strategy, forcing Germany and the…
The Bureau of Land Management (BLM) New Mexico State Office has auctioned seven parcels covering 1,317 acres in its latest quarterly oil and gas lease sale, generating $20.67m in total receipts. The proceeds from the combined bonus bids and rentals will be shared between the federal government and the state of New Mexico. Oil and…
President Donald Trump speaks to members of the press in the Oval Office of the White House on Jan. 30, 2025. Kent Nishimura for The Washington Post | Getty Images Donald Trump has confirmed he will impose 25% tariffs on imports from Mexico and Canada from February, following through on threats issued weeks earlier. The…
Chinese state-held oil and gas giant CNOOC is keeping its capital expenditure flat this year compared to 2024 as it lowered its oil and gas production growth target, although it still expects annual output records going forward. CNOOC, which specializes in offshore oil and gas developments in China and internationally, said on Wednesday that its…
The OPEC+ “precautionary” decision to postpone crude production hikes until after the first quarter bides the group time to assess developments in global demand, European growth and the U.S. economy, according to the coalition’s chair, Saudi Energy Minister Abdulaziz bin Salman. On Thursday, the oil producers’ alliance agreed to extend several output cuts, with the…
Oil pumping jacks, also known as “nodding donkeys”, operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg via Getty Images Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to…