
FROM THE OIL PATCH
Trump’s 10% baseline tariffs on imports from many countries now in effect
President Donald Trump’s unilateral 10% tariff on all imports from many countries went into effect on Saturday, with U.S. customs agents beginning to collect. The initial 10%
Auto industry groups warn that tariffs could lead to higher prices for carbuyers
President Donald Trump on Wednesday announced new tariffs on auto imports during a press conference at the White House. The president said he will impose a 25%
Tariff Fight Could Rattle U.S. LNG Exports, Push Gas Prices Higher
U.S. natural gas prices are already up by around 80% from a year ago, but are due for a fresh jolt from the knock-on effects of the latest round of trade tariffs imposed by the U.S. government on goods entering the country. Regardless of how and when the new tariffs
Transporting oil, natural gas from the Texas Panhandle through the United States
Oil is a global commodity. It also has different chemistries throughout the world, depending on how it is matured, sourced, originated, and stored in the reservoirs below the surface. According to members of the Panhandle Producers and Royalty Owners Association, oil in the Panhandle is light because it’s low on
Brookfield Emerges as Frontrunner to Acquire 5,500-Mile Colonial Pipeline in $10 Billion Deal – Bloomberg
Brookfield Asset Management is emerging as the frontrunner to acquire Colonial Pipeline, in a deal that could value the pipeline operator at $10 billion or more including debt, Bloomberg News reported on Wednesday, citing people familiar with the matter. The investment firm is seen as the strongest contender after final offers were
US slaps Iran-related sanctions on oil tankers, China ‘teapot’ refinery
The U.S. on Thursday issued new sanctions intended to hit Iran’s oil exports, including what the State Department said were the first U.S. measures targeting a Chinese “teapot refinery” processing the crude. It was Washington’s fourth round of sanctions on Iran’s oil sales since President Donald Trump said in February he was
CRUDE OIL WEEKLY UPDATE (Week Ending 04-04-25)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending March 28, 2025, which was 192
NATURAL GAS WEEKLY UPDATE (Week Ending 04-04-25)
Market Highlights: Prices Henry Hub spot price: The Henry Hub spot price rose 19 cents from $3.86 per million British thermal units (MMBtu) last Wednesday
Zekelman Industries Steel Snapshot for March 2025
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU March HR Coil $950 up $190 from Feb. Nippon purchase status of USS has gone
Preston Pipe Report – March 2025
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – One of the challenges with President Trump’s plan to expand drilling and lower energy costs is
Argus Pipe Logix Line Pipe Report – March 2025
(by Rye Druzin, www.pipe-logix.com) US line pipe: Prices tick up on tariffs. Tariffs continued pushing up US line pipe prices this month, with import and
AISI Press Release on Latest U.S. Imports of Steel Products – March 2025
American Iron and Steel Institute, www.steel.org (03-08-25) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and