
FROM THE OIL PATCH
Taxes are now small business owners’ single most important problem
WASHINGTON, D.C. (June 10, 2025) – The NFIB Small Business Optimism Index increased by three points in May to 98.8, slightly above the 51-year average of 98. Expected business
Trump Hails CPI, Calls on Fed to Drop Rates 1 Full Point
President Donald Trump is hailing “great numbers” with the Consumer Price Index rising just 0.1%, but he is repeating his call for Federal Reserve Chair
Trump frustrated about the recent rise in oil prices
WASHINGTON, June 12 (Reuters) – U.S. President Donald Trump expressed frustration on Thursday that oil prices have risen amid supply concerns from potential conflict in the Middle East. Both global and U.S. oil prices surged more than 4% on Wednesday to their highest levels since early April before easing a bit
Shale’s not dead but appears headed for a rough patch, analyst says
U.S. oil and gas producers are already cutting back spending and activity in anticipation of a bumpy ride ahead. A new forecast from S&P Global Commodity Insights details just how bumpy that ride will get. As OPEC+ accelerates its unwinding of production cuts — along with supply growth elsewhere — the
North America gas outlook: higher prices, resource allocation pressures and meeting AI demand
Delegates attending the Gas, LNG and Future of Energy event in London this week heard that the US gas market is expected to grow another 40% or over 50 bcf, according to Wood Mackenzie forecasts. “That’s a huge amount of growth,” said Eugene Kim, Research Director for Americas Gas. “Over
Pipeline delays, weak demand cost risks cast shadow over Canadian LNG project
A planned LNG export project in Western Canada faces delays and cost risks due to infrastructure gaps and weak global demand, a report said on 11 June. The Ksi Lisims LNG project, located in British Columbia, has yet to secure a pipeline to transport feed gas to the terminal site,
CRUDE OIL WEEKLY UPDATE (Week Ending 06-13-25)
U.S. crude oil refinery inputs averaged 17.2 million barrels per day during the week ending June 6, 2025, which was 228 thousand barrels per day
NATURAL GAS WEEKLY UPDATE (Week Ending 06-13-25)
Prices Henry Hub spot price: The Henry Hub spot price fell 8 cents from $2.82 per million British thermal units (MMBtu) last Wednesday to $2.74/MMBtu
Zekelman Industries Steel Snapshot for June 2025
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU June HR Coil $860 up $15 from May. Nippon is finalizing contract agreement with the
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 – May 2025
(by Rye Druzin, www.pipe-logix.com) Slowing demand and economic uncertainty caused line pipe prices to inch down in May before the US announced higher steel tariffs.
AISI Press Release on Latest U.S. Imports of Steel Products – June 2025
(American Iron and Steel Institute) Finished Import Market Share Estimated at 20 Percent in May – Based on the Commerce Department’s most recent Steel Import