Monday, 21 April 2025

USA

US President Donald Trump seeks to increase US oil production under his administration -- such as at this refinery in Detroit, Michigan -- but he may face challenges outside of his control (AFP)
AnalysisBusinessNatural GasOil

Trump push to ‘drill, baby, drill’ may hit industry roadblock

President Donald Trump wants to boost US oil production, pledging to bring costs down as he returned to office this week — but...

A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025.  REUTERS/Todd Korol
AnalysisOilPolitics

Trump’s climate withdrawal creates rare discord with Big Oil

U.S. oil and gas producers welcome Trump's push for domestic energy but fear exiting climate deals could hurt global clean energy investments.

The entrance to oilfield service provider SLB's office in Houston, Texas, showing the former Schlumberger's new name and logo, is seen in this handout image taken June 2023. Courtesy of SLB/Handout via REUTERS
BusinessNewsOil

SLB’s Russian assets valued at $600 million in 2024, unchanged from 2023

(Reuters) – Top U.S. oilfield services company SLB said its net assets in Russia amounted to about $600 million at the end of...

FILE PHOTO: Model of LNG tanker is seen in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectionsFuelLiquefied Natural GasNews

LNG exporter Venture Global cuts target valuation for US IPO to $65.3 billion

LNG exporter Venture Global has significantly reduced the valuation it was seeking for its U.S. initial public offering.

FILE PHOTO: Joe Kaeser, then CEO of German industrial conglomerate Siemens, February 3, 2021. Matthias Schrader/Pool via REUTERS/File Photo
BusinessElectionsElectricityNatural GasNewsSolarWind

Siemens Energy sees ‘massive tailwind’ from US power drive

Shares in Siemens Energy rose nearly 10% to a record high on Wednesday.

A view inside the Pilot Co. company's headquarters in Knoxville, Tennessee, U.S., October 8, 2021. REUTERS/Harrison McClary/File Photo
BusinessNewsOil

Exclusive: Warren Buffett’s Pilot Co shuts oil trading business, sources say

By Shariq Khan and Georgina McCartney NEW YORK/HOUSTON (Reuters) – Warren Buffett’s Pilot Co is shuttering its international oil trading business, ending an...

FILE PHOTO: Storage tanks and gas-chilling units are seen at Freeport LNG, the second largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 11, 2023. Reuters/Arathy Somasekhar/File Photo
Liquefied Natural GasPoliticsRegulations

Factbox: US LNG projects boosted by Trump’s export permit restart

HOUSTON (Reuters) – U.S. President Donald Trump has ended the moratorium on new liquefied natural gas export permits imposed by his predecessor Joe...

President Donald Trump speaks to the crowd in Emancipation Hall at the U.S. Capitol after being sworn in as the 47th president of the United State on Monday, January 20, 2025 in Washington, DC.  Behind him is Vice-President JD Vance and to his right is House Speaker Mike Johnson. BONNIE CASH/Pool via REUTERS
AnalysisBusinessEconomyPolitics

Trade, tariffs, energy — market reaction to Trump’s inauguration speech

SINGAPORE/LONDON/NEW YORK (Reuters) -Global markets were volatile while the dollar rebounded on Tuesday in choppy trading as Donald Trump returned to the White...

FILE PHOTO: A view of the plant of German carmaker Volkswagen in Osnabrueck, Germany October 7, 2024. REUTERS/Thilo Schmuelgen/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPolitics

Volkswagen looks forward to working with U.S. gov’t amid tariff concerns, spokesperson says

By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Volkswagen on Tuesday warned against the “harmful economic impact” of tariffs that U.S. President Donald...

FILE PHOTO: An offshore oil rig is pictured off the coast of Huntington Beach, California, U.S., November 14, 2024.  REUTERS/Mike Blake/File Photo
AnalysisBusinessPoliticsRegulations

Explainer: Can Trump overturn Biden’s offshore drilling ban?

By Nate Raymond (Reuters) – President Donald Trump in an executive order on Monday revoked a ban imposed by former Democratic President Joe...

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