What's Affecting Oil Prices This Week? (March 24, 2025)

Oil demand will be picking up as we move into warmer months for the northern hemisphere. For the upcoming week, Stratas Advisors think the price of Brent crude will move higher and will test $73.

UK Gas Producer Energean Terminates Carlyle Deal Over Approval Delays

The company said that the two parties were unable to agree on an extension of the long-stop date beyond March 20 to meet the conditions of the agreement.

Hirs: America Confronts Sovereign Risk with Recession on the Horizon

The risk to U.S. oil and gas production comes from within, and a recession looms on the horizon.

Belcher: Texas Considers Funding for Abandoned Wells, Emissions Reduction

With uncertainly surrounding federal aid as the Trump administration attempts cost cutting measures, the state is exploring its own incentive system to plug wells and reduce emissions.

DOE Approves Venture Global’s CP2 LNG to Export to Non-FTA Countries

The U.S. Department of Energy approved Venture Global’s Calcasieu Pass 2 LNG project in Cameron Parish, Louisiana, to export LNG to non-FTA countries.

RWE Slashes Investment Upon Uncertainties in US Market

RWE introduced stricter investment criteria in the U.S. and cut planned investments by about 25% through 2030, citing regulatory uncertainties and supply chain constraints as some of the reason for the pullback.

US Slaps Iran-Related Sanctions on Oil Tankers, China 'Teapot' Refinery

The U.S. issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot," or independent refinery, and vessels that supplied crude oil to such processing plants.

Kinder Morgan’s Fore: Despite Hits, Pieces for Regulatory Reform Fall into Place

Kinder Morgan’s Vice President of Public Affairs Allen Fore said the current regime’s regulatory stance is the biggest change he’s seen in his lifetime.

Energy Transfer Prevails Against Greenpeace, Wins $660MM in Damages

A jury in North Dakota has ruled in favor of Energy Transfer with a $660 million blow to environmental group Greenpeace.

Exclusive: Tariff Agenda Forms Muddy Waters for Oil, Gas Decision-Makers

Paul Gruenwald, the global chief economist for S&P Global Ratings, discusses growing concerns with global demand and the impact of tariff uncertainties on the oil and gas industry, in this Hart Energy Exclusive interview.