
FROM THE OIL PATCH
Oil prices settle up at 2-week high as US, China ease tariffs
Oil prices rose about 1.5% to settle at a two-week high on Monday, after the U.S. and China agreed to temporarily slash tariffs, raising hopes
Permian Basin sees lowest rig activity since December 2021
Drilling activity continued its downward trend, falling for a second consecutive week. Oilfield services firm Baker Hughes said Friday its weekly rig count dropped by
What is inflation, and how does it affect you?
Inflation affects the prices of everything from groceries to housing. Inflation is a term that refers to prolonged price increases. Put simply, inflation is the reason why your dollar doesn’t go as far as it used to in the past. As prices rise, you get less for your money. For
Kevin O’Leary: China Deal Will Be ‘Hallmark’ for Others
Investor and “Shark Tank” star Kevin O’Leary applauded the work of the Trump administration on its negotiations with China on a trade deal, saying the finished product will “become the hallmark” for every other country’s negotiations with the U.S. O’Leary made the comments during a panel discussion on CNN on Monday night.
Iowa Senate Passes Bill Tightening Rules on Carbon Pipeline Land Seizures
After years of stalled debate, the Iowa Senate passed a bill that would make it significantly harder for carbon capture pipeline companies to use eminent domain to acquire land, according to Iowa Public Radio (IPR). The vote followed growing pushback from landowners, particularly those opposed to Summit Carbon Solutions’ proposed pipeline, and internal pressure from
Wood Mackenzie Warns of Gas Turbine Supply Constraints Through 2040 | Pipeline and Gas Journal
The gas turbine market might have trouble satisfying strong demand in the next 15 years due to manufacturing constraints, rising costs and competition from renewables, energy research firm Wood Mackenzie said in a report on May 14. Wood Mackenzie expects new gas-fired generation projects of around 890 gigawatt (GW) capacity
CRUDE OIL WEEKLY UPDATE (Week Ending 05-23-25)
U.S. crude oil refinery inputs averaged U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending May 16, 2025, which
NATURAL GAS WEEKLY UPDATE (Week Ending 05-23-25)
Prices Henry Hub spot price: The Henry Hub spot price fell 11 cents from $3.30 per million British thermal units (MMBtu) last Wednesday to $3.19/MMBtu
Zekelman Industries Steel Snapshot for May 2025
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU May HR Coil $845 down $60 from April. CFIUS review of Nippon’s purchase of USS
Preston Pipe Report – May 2025
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – In March 2025, South Dakota enacted a law banning the use of eminent domain for carbon
Argus Pipe Logix Line Pipe Report – April 2025
(by Rye Druzin, www.pipe-logix.com) US steel tariffs nudged line pipe prices up in April but at a slower pace than a month ago. US line
AISI Press Release on Latest U.S. Imports of Steel Products – May 2025
(American Iron and Steel Institute) Finished Import Market Share Estimated at 20 Percent in April – Based on the Commerce Department’s most recent Steel Import