The U.S. Department of the Interior has revised upwards the oil and gas reserves contained in the U.S. section of the Gulf of Mexico, which the Trump administration renamed the Gulf of America. According to an analysis done by the Bureau of Ocean Energy Management, the U.S. Outer Continental Shelf …
Read More »U.S. Wind Power Growth will be 40% Lower than Expected due to Trump Policy
Despite a relatively stable short-term pipeline of U.S. wind power projects under construction, the five-year outlook of America’s wind capacity additions has been significantly limited due to the Trump Administration’s energy policies, Wood Mackenzie said in a new report. The energy consultancy slashed its five-year forecast of new capacity installations …
Read More »China Resells U.S. LNG amid Tariff Row
The trade war is prompting China’s LNG buyers to resell the cargoes they are buying from the U.S. as Chinese tariffs on American goods are raising the costs of U.S. LNG imports, analysts and traders have told Reuters. LNG import demand in China has been weaker this year amid comfortably …
Read More »South Korea Seeks more U.S. LNG Imports to Fix Trade Imbalance
South Korea has thrown in the towel without a fight after the U.S. slapped tariffs on all of the country’s trade partners. Seoul is looking at more LNG imports to get Washington to drop the new tariffs. Per a Bloomberg report, the South Korean government is working on several packages …
Read More »Despite Trump’s Crackdown, Venezuela still has Buyers
It is 3 April, so any country buying Venezuelan oil must face a 25% tariff on all its trade with the United States. That is according to President Donald Trump’s executive order signed on 24 March. The White House has also ordered companies with sanctions waivers to quit Venezuela by …
Read More »U.S. LNG Export Surge Expected to Impact Prices, Natural Gas Markets
The U.S. is set to see a 19% increase in liquefied natural gas (LNG) exports, reaching 14.2 billion cubic feet per day (Bcf/d) in 2025, according to the U.S. Energy Information Administration’s (EIA) March 2025 Short-Term Energy Outlook (STEO), Trend reports. This growth is primarily fueled by the launch of …
Read More »EIA: US Crude Oil Inventories Climb 6.2 Million Barrels
Crude oil inventories in the United States saw a large increase of 6.2 million barrels during the week ending March 28, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy …
Read More »Indian Refiners Seek Alternatives to Russian Crude after Trump Tariff Threat
Indian oil refiners have started looking for alternative supplies of crude after President Trump threatened secondary sanctions on Russian energy exports if Moscow refuses to sign a ceasefire deal for the Ukraine. Bloomberg reported that companies such as Bharat Petroleum Corp. and Hindustan Petroleum Corp. were looking for oil cargoes …
Read More »Ukraine Considers U.S. Role in Power Infrastructure
The US could have boots on the ground in Ukraine — though not in the way many might expect. During a recent phone call between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy, where Ukraine agreed to pause attacks on Russia’s energy infrastructure for 30 days, the idea emerged …
Read More »Indonesia’s $20-Billion Energy Transition Deal will Survive without the U.S.
Indonesia is plowing ahead with its $20-billion international partnership to aid its energy transition despite the U.S. exit from international climate deals and commitments to support the clean energy goals of developing countries. At the end of 2022, Indonesia, the world’s top coal exporter and heavily reliant on coal for …
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