
FROM THE OIL PATCH
Trump: 25 Percent Tariffs on EU; They’re ‘Screwing’ US
President Donald Trump said Wednesday during his first Cabinet meeting that the European Union was formed to take advantage of the United States and that
In a reversal, plans for U.S. natural gas power grow, complicating progress on climate
A spike in demand for electricity from tech companies competing in the artificial intelligence race is upending forecasts for natural gas-fired power in the U.S.,
Uncertainty remains the greatest obstacle to better Canadian upstream performance
It’s been a strange time for Canada since the U.S. election. The barrage of threats and bizarre claims from U.S. President Donald Trump have destabilized the Canadian dollar, hammered stock markets, and resuscitated talk of a national pipeline system that would move western Canadian product to the East Coast. POLITICAL/REGULATORY
Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
As reported by the Missouri Independent, the federal government has taken over regulating Missouri’s 1.5 million miles of natural gas pipelines, citing the state’s failure to enforce adequate penalties for safety violations. Previously, Missouri’s fines for violations ranged from $20,000 to $200,000—far below the federal range of $272,000 to $2.7 million.
Trump tariffs will raise gasoline and electricity prices in the U.S., Canada energy minister says
President Donald Trump’s tariffs on Canada will raise energy prices for U.S. consumers if the levies go into effect on Tuesday as expected, the country’s energy minister said Monday. Jonathan Wilkinson, Canada’s minister of energy and natural resources, said the tariffs will cause economic pain in the U.S. and Canada, calling the
Trump’s tariffs threat hits Canada’s oil and gas drillers
Canada’s oilfield drilling and services sector is already showing signs of slowing due to U.S. President Donald Trump’s threatened tariffs, triggering fears that an expected industry rebound could stall if such levies go forward. Employment levels in the Canadian drilling sector collapsed between 2014 and 2020 due to sustained low oil prices and
CRUDE OIL WEEKLY UPDATE (Week Ending 02-28-25)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 15.7 million barrels per day during the week ending February 21, 2025, which was 317
NATURAL GAS WEEKLY UPDATE (Week Ending 02-28-25)
Market Highlights: Prices Henry Hub spot price: The Henry Hub spot price fell $3.87 from $7.78 per million British thermal units (MMBtu) last Wednesday to
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 – February 2025
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – No change to the drilling forecast and a relatively unchanged project environment (from our November issue)
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