
FROM THE OIL PATCH
Falling Oil Prices, Limited Shale Acreage to Threaten 2025 Dealmaking, Report Says
The U.S. upstream oil and gas M&A market is bracing for the most challenging conditions since the COVID-19 pandemic as oil prices slump and prime
Halliburton announces tariff impact on drilling, frac operations
Halliburton Co., the world’s largest provider of hydraulic fracturing services, fell sharply after warning investors that tariffs will impact a wide swath of the company’s
India Cuts LNG Buying as Prices Climb
Indian energy importers have reduced the volume of liquefied natural gas they buy from abroad as prices trend higher. Instead, they are buying more oil products, Bloomberg reported. Two energy majors—Gail India and Indian Oil Corp.—had recently canceled LNG purchase tenders because of the price, the publication noted in its report,
Valero Confirms Benicia Refinery Closure Amid Tough Regulations, High Costs
Valero Energy on April 24 said it would cease operations at its 170,000-barrel-per-day San Francisco-area oil refinery next year amid worries about California’s declining fuel supplies and high gasoline prices. The decision clarifies plans for the Benicia refinery after the San Antonio, Texas-based refiner last week announced its intent to “idle, restructure,
Trump says rising prices ‘peanuts’ compared to cheap gas
President Trump said in an interview Sunday that rising prices on certain items amid his trade wars are “peanuts” in comparison to less expensive gas. In the interview on “Meet the Press,” NBC News’s Kristen Welker noted that “some prices are going up, tires, strollers, some clothing in the wake of your tariffs.”
President Trump’s Alaska pipeline could fuel America’s energy needs and his legacy
When President Donald J. Trump stood before a joint session of Congress earlier this year and declared Alaska LNG a top national priority, he sent a strong signal to the world that America would once again act boldly to unleash the full might of its energy potential. If his administration can follow through on
CRUDE OIL WEEKLY UPDATE (Week Ending 05-02-25)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending April 25, 2025, which was 189
NATURAL GAS WEEKLY UPDATE (Week Ending 05-02-25)
Market Highlights: Prices Henry Hub spot price: The Henry Hub spot price rose 19 cents from $2.93 per million British thermal units (MMBtu) last Wednesday
Zekelman Industries Steel Snapshot for April 2025
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU April HR Coil $905 down $45 from March. Pres Trump has asked CFIUS to review
Preston Pipe Report – April 2025
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – April 2025 has been a notably active period for the US oil and gas pipeline sector,
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 – April 2025
American Iron and Steel Institute, www.steel.org (04-08-25) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and