The Russian Federation’s illegitimate oil tankers are keeping the country’s economy afloat, analysts say.
U.S. President Donald Trump will host top oil executives at the White House on March 19 as he charts plans to boost domestic energy production in the midst of falling crude prices and looming trade wars.
The country, which put a 15% tariff on U.S. LNG imports, has gone more than 40 days without a delivery, the longest gap since 2023, according to a report from Bloomberg.
Needed permit reform will take time and general policy uncertainty could slow-play natural gas projects.
They may not be another horizontal Wolfcamp or Bone Springs play with tens of billions of barrels, but there’s more onshore E&Ps should explore, former Pioneer Natural Resources CEO Scott Sheffield told Hart Energy at the recent CERAWeek by S&P Global conference.
The price of Brent crude could get a boost from Trump’s threats of sanctions on Russia, Iran and Venezuela, but it is doubtful it will break $72/bbl, Stratas Advisors says.
Executives at BP, Sempra Infrastructure and the American Petroleum Institute weighed in on U.S. natural gas prowess and the obstacles that could stand in the way: snagged permitting, prohibitive steel tariffs and layoffs of federal workers needed to approve projects.
Oil trends will hinge on China’s economy, plans to refill the SPR and how tariff threats play out.
Recent developments have extended the regulatory law’s reach from oil and gas activities on the Outer Continental Shelf to energy sources outside minerals—such as wind.
“Don't be surprised if you see a lot of [Canadian] trade missions moving beyond North America,” an Ontario official said in a panel discussion on tariffs at CERAWeek by S&P Global.