FROM THE OIL PATCH
Big Oil celebrates the return of Trump. Clean energy braces for trouble
Big Oil got its wish: Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape. As
Trump plans to ‘immediately’ reverse Biden’s ‘ridiculous’ ban on new oil and gas drilling along US coast
President-elect Donald Trump said he plans to immediately reverse President Biden’s new ban on offshore drilling along most of the U.S. coastline, but he faces major roadblocks
US imposes toughest sanctions yet on Russia’s oil industry
The US took its strongest actions yet to slash Russian oil and gas revenues by sanctioning two oil companies, about 180 oil-carrying vessels, dozens of traders, insurance companies and some senior energy officials. The US took its strongest actions yet to slash Russian oil and gas revenues by sanctioning two
Kinder Morgan shuts two Los Angeles fuel pipelines due to power outages
Pipeline operator Kinder Morgan Inc (KMI.N) said that two of its fuel pipelines in Los Angeles have been shut since Jan. 8 due to power outages, as the most destructive wildfires in the city’s history continued to burn uncontained on Thursday. The company said the 515-mile (828.8 km) SFPP West pipeline and 566-mile CALNEV
Trump Plans to End LNG Export Permit Renewals, Sources Say
U.S. President-elect Donald Trump plans to abolish the requirement for some producers of liquefied natural gas (LNG) to seek export permit renewals, according to two sources with knowledge of the plan. Trump will likely include the change in an executive order on LNG that he will issue on his first
Biden Bans Offshore Drilling in 625 Million Acres, Setting Up Clash with Trump
President Joe Biden has implemented a sweeping ban on new offshore oil and gas drilling across more than 625 million acres of federal waters, setting up a high-stakes clash with President-elect Donald Trump, who has vowed to reverse the decision immediately after taking office. Biden’s action, announced Monday, marks a
CRUDE OIL WEEKLY UPDATE (Week Ending 01-24-25)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 15.5 million barrels per day during the week ending January 17, 2025, which was 1.125
NATURAL GAS WEEKLY UPDATE (Week Ending 01-24-25)
Market Highlights: Prices Henry Hub spot price: The Henry Hub spot price fell 54 cents from $4.43 per million British thermal units (MMBtu) last Wednesday
Zekelman Industries Steel Snapshot for January 2025
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU January HR Coil $690 up $15 from Dec. Nippon’s purchase of USS was rejected by
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 – December 2024
(by Rye Druzin, www.pipe-logix.com) US line pipe prices increased this month to $2,282/short ton (st), with domestic price increases outweighing a decline in import prices.
AISI Press Release on Latest U.S. Imports of Steel Products – January 2025
American Iron and Steel Institute, www.steel.org (01-09-25) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and