President Trump pressed executives from nearly two dozen oil companies to plant flags in Venezuela. But executives stopped short of making pledges to quickly invest. on.wsj.com/4jvckFQ
All told, the US oil industry has lost over $280 billion in market cap since the tariff blitz in early April. On a percentage basis, their aggregate loss has outpaced every other major sector. wsj.com/business/energy-oil/… via @WSJ
All told, the US oil industry has lost over $280 billion in market cap since the tariff blitz in early April. On a percentage basis, their aggregate loss has outpaced every other major sector. wsj.com/business/energy-oil/… via @WSJ
@EIAgov made quite an interesting shift in its projections for US #crude#oil output in its latest AEO.
US crude now peaks @ 14mn b/d in '27 before shifting into decline, falling below 11.3mn b/d in '50. Prior, peak of 13.3mn b/d hit in '28, followed by sustained plateau.
Free trade fueled the U.S.’s rise as an oil-and-gas hegemon. President Trump’s America First era is set to force a painful readjustment. wsj.com/business/energy-oil/… via @WSJ@benmorenne
Chevron gets almost two additional months to wind down operations in Venezuela, per Treasury today. Trump says plans to impose a 25% tariff on any country that buys oil or gas from Venezuela. wsj.com/world/americas/trump… via @WSJ
Chevron gets almost two additional months to wind down operations in Venezuela, per Treasury today. Trump says plans to impose a 25% tariff on any country that buys oil or gas from Venezuela. wsj.com/world/americas/trump… via @WSJ
Oil executives raised their concerns about superfund laws and climate litigation in a White House meeting with President Trump this past week. Trump agreed they could potentially undermine his energy dominance agenda. wsj.com/business/energy-oil/…
The Trump administration’s job cuts, tariffs and push for lower energy prices are creating a more uncertain world for its friends in the oil industry wsj.com/business/energy-oil/… via @WSJ
SCOOP: Chevron CEO Mike Wirth has been on a lobbying blitz this week, holding private talks with Trump administration officials about their oil license in Venezuela
Inside the talks with Wirth 👇
Story w/ @CollinEatonHC@GaripPatriciawsj.com/world/americas/chevr…
President Trump wants to ramp up oil drilling, but his allies in the U.S. shale industry and Saudi Arabia are pushing back wsj.com/business/energy-oil/… via @WSJ