FROM THE OIL PATCH
Trump Win Expected to Lift Barriers on U.S. LNG Export Projects, Say Developers
U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar
Oil Players Eagerly Anticipating What Lies Ahead After Trump Win
Following President Donald Trump’s impending return to the White House, oil market participants are eagerly anticipating what lies ahead. That’s what an oil market update
China Oil Imports Sink Again
Oil imports into China sank again last month, highlighting soft consumption in the largest buyer just as traders weighed the implications of Donald Trump capturing the White House and potential supply rises from OPEC+. Imports contracted to 44.7 million tons in October, according to customs data on Thursday. That’s about
Trump Tariffs Could Lead to Weaker Oil Demand
United States and global economic growth could slow down if the incoming Trump administration imposes additional tariffs, leading to world oil demand falling by as much as 500,000 barrels a day next year, Wood Mackenzie said Thursday. “A Trump administration means radical changes for tariffs on imports, climate policy and
Halliburton Acknowledges Cost of Hacking Incident
Well solutions provider Halliburton Co. has recognized an impact from a data breach last August to its lower-than-expected third quarter earnings. “We experienced a $0.02 per share impact to our adjusted earnings from lost or delayed revenue due to the August cybersecurity event and storms in the Gulf of Mexico”,
Energy experts look forward to new day with Trump
Odessa oilman Kirk Edwards and the Texas Independent Producers & Royalty Owners Association say the re-election of President Trump should harbinger a new day in the oilfield with a cessation of politically motivated federal regulations and an emphasis on maximizing liquefied natural gas exports. “Donald Trump easily wins and everyone
CRUDE OIL WEEKLY UPDATE (Week Ending 11-15-24)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending November 8, 2024, which was 175
NATURAL GAS WEEKLY UPDATE (Week Ending 11-15-24)
Market Highlights: Prices Henry Hub spot price: The Henry Hub spot price rose 30 cents from $1.80 per million British thermal units (MMBtu) last Wednesday
Zekelman Industries Steel Snapshot for November 2024
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU November HR Coil $690 down $5 from Oct. Cleveland Cliffs completes purchase of Stelco. Auto
Preston Pipe Report – October 2024
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – In the latest Dallas Fed Energy Survey, a question was asked regarding Permian Basin oil egress
Argus Pipe Logix Line Pipe Report – September 2024
(by Rye Druzin, www.pipe-logix.com) Us line pipe prices fell by 1.1% to $2,242/short ton (st) in September, with both domestic and import falling at similar
AISI Press Release on Latest U.S. Imports of Steel Products – November 2024
American Iron and Steel Institute, www.steel.org (11-06-24) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and