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What's Affecting Oil Prices This Week? (Jan. 27, 2025)
For the upcoming week, Stratas Advisors predict that the price of Brent crude will threaten $75.
Trump Stirs Confusion with Support, Spurning of Canadian Oil
President Trump signed an order that could boost Canadian crude imports — and then said the U.S. doesn’t need Canadian crude.
Chevron Delivers First Oil from Kazakhstan Project
Chevron Corp.’s newest plant at Kazakhstan’s Tengiz Field is expected to ramp up output to 1 MMboe/d.
Belcher: Trump’s Policies Could Strain Global Energy Markets
At their worst, Trump’s new energy policies could restrict the movement of global commerce and at their best increase interest rates and costs.
The Latest
What's Affecting Oil Prices This Week? (Jan. 27, 2025)
For the upcoming week, Stratas Advisors predict that the price of Brent crude will threaten $75.
Trump Stirs Confusion with Support, Spurning of Canadian Oil
President Trump signed an order that could boost Canadian crude imports — and then said the U.S. doesn’t need Canadian crude.
Chevron Delivers First Oil from Kazakhstan Project
Chevron Corp.’s newest plant at Kazakhstan’s Tengiz Field is expected to ramp up output to 1 MMboe/d.
US Oil, Gas Rig Count Falls to Lowest Since Dec 2021
The oil and gas rig count fell by four to 576 in the week to Jan. 24. Baker Hughes said this week's decline puts the total rig count down 45, or 7% below this time last year.
Belcher: Trump’s Policies Could Strain Global Energy Markets
At their worst, Trump’s new energy policies could restrict the movement of global commerce and at their best increase interest rates and costs.
Could Trump’s Ban on Wind Leasing Halt Similar Oil and Gas Sales?
A law signed during the Biden administration ties offshore wind lease sales to similar auctions for oil and gas rights on federal lands. It’s unclear whether President Trump’s Jan. 20 executive order to halt wind leasing could spill over into the E&P world.
TransMontaigne Announces Two Facility Sales Totaling $210MM
Two wholly-owned subsidiaries of TransMontaigne Partners LLC have agreed to the sale of terminal facilities in Florida and Virginia.
Targa Pipeline Helps Spark US NGL Production High in 2024
Analysts said Targa Resources’ Daytona line released a Permian Basin bottleneck as NGLs continued to grow.
Halliburton Sees Strong Adoption of New Oilfield Tech Offerings
Halliburton Co.’s Zeus e-fracs, Octiv auto-fracs and the Sensori monitoring platform are setting the stage for long-term growth, CEO Jeff Miller says.
Trump Fires Off Energy Executive Orders on Alaska, LNG, EVs
President Donald Trump opened his term with a flurry of executive orders, many reversing the Biden administration’s policies on LNG permitting, the Paris Agreement and drilling in Alaska.