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FROM THE OIL PATCH
Tariffs or no tariffs, the world wants and needs America’s natural gas
Analysts believe that China’s 15 percent tariff on U.S. liquefied natural gas — the tariff went into effect Monday — will undermine America’s ability to sell energy
Trump 2.0: A Survival Guide for Democrats
Three months after the Democrats’ electoral drubbing, the party is still reeling—leaderless, rudderless, and more unpopular than at any time in modern American history. Only
Enterprise’s Big U.S. Oil Export Project Stalls on Lack of Buyers
Enterprise Products Partners has not received enough customer interest to commercialize its Sea Port Oil Terminal (SPOT) crude export project off the coast of Texas, the CEO of the U.S. pipeline and storage operator, said on Tuesday. The U.S. is the world’s largest oil producer and among the top exporters to global
China Hits Back at Trump with Tariffs on U.S. Crude Oil and LNG Imports
The trade in crude oil, liquefied natural gas and coal between the United States and China is effectively dead after Beijing responded to President Donald Trump’s tariffs with measures of its own. China, the world’s biggest importer of the three energy commodities, on Tuesday slapped import duties of 15% on
A New Oil Cycle Begins And Sanctions, Shale, and OPEC Set the Stage
When President Donald Trump came into office, oil prices jumped. The immediate reason was simple enough: Trump likes a hardline approach to countries he sees as enemies, and that means Iran and sanctions on its oil exports. But there’s another factor at play, too: U.S. shale. Energy market analyst John
Canadians Overwhelmingly Support Retaliatory Oil Tariffs In Trump Trade War
Canadians overwhelmingly support retaliatory tariffs, with Bloomberg reporting that 82% support export levies on oil exports if Trump imposes tariffs on Canadian oil. Whereas Canadians traditionally considered export taxes on energy to be politically divisive, the robust backing reveals the level of anger amongst the public over Trump’s actions and gives Justin
CRUDE OIL WEEKLY UPDATE (Week Ending 02-14-25)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending February 7, 2025, which was 82
NATURAL GAS WEEKLY UPDATE (Week Ending 02-14-25)
Market Highlights: Prices Henry Hub spot price: The Henry Hub spot price rose 72 cents from $3.22 per million British thermal units (MMBtu) last Wednesday
Zekelman Industries Steel Snapshot for February 2025
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU February HR Coil $760 up $70 from Jan. Negotiations are under way for Nippon to
Preston Pipe Report – January 2025
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – The US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration proposed a new set of
Argus Pipe Logix Line Pipe Report – January 2025
(by Rye Druzin, www.pipe-logix.com) US line pipe prices rose this month to $2,314/short ton (st), with domestic price increases outpacing a rise in import prices.
AISI Press Release on Latest U.S. Imports of Steel Products – February 2025
American Iron and Steel Institute, www.steel.org (02-08-25) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and