Markets buoyed by ‘Trump bounce’
Markets enjoyed a “Trump bounce” today amid talk of a trillion dollar (£780 billion) infrastructure package in the US.
Donald Trump
Trump authorises Navy to tackle Iran vessels
US President Donald Trump has given the US Navy to “shoot down and destroy” Iranian vessels “if they harass our ships at sea” in a tweet.
IEA calls for deeper cuts
The International Energy Agency (IEA) has called for the OPEC-led group to take more production offline and faster than previously agreed.
Trump pledges funds for US oil industry to avert job cuts
President Donald Trump said his administration is working on a plan to make money available to the oil industry to prevent the loss of jobs after prices plunged below zero.
Trump’s oil deal: the inside story of how a price war ended
After a week-long marathon of calls between world leaders and video conferences featuring dozens of energy ministers, it was the moment the 2020 oil price war finally ended.
End to oil price war sees ‘historic’ OPEC deal to cut output
The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war that brought the energy industry to its knees.
Saudi, Russia rift widens
US President Donald Trump’s call for a 10 million barrel per day – or even 15mn bpd – cut drove up oil prices last week but weak demand continues to run the show, with little respite expected from talks due to take place this week.
Update: Oil surges as producers eye 10m barrel a day output cut
Oil jumped more than 11% in London as OPEC+ scheduled an urgent meeting next week to try and stem the crude market’s rout, with an output cut of 10 million barrels a day of global production being discussed.
Oil soars after Trump says Saudi Arabia, Russia to cut supply
Oil soared after U.S. President Trump said that he expects Saudi Arabia and Russia to cut production back by 10 million barrels or more after he spoke with Crown Prince Mohammed Bin Salman on Thursday.
Oil’s record rally continues as Trump wades into price war
Oil continued climbing after its biggest ever single-day gain as U.S. President Donald Trump waded into the price war between Saudi Arabia and Russia that has rocked crude markets amid diminishing demand.
Oil continues slide after Trump limits travel from Europe to US
Oil resumed declines after President Donald Trump said the U.S. would restrict travel from Europe for the next 30 days to try and contain the coronavirus, pummeling fuel demand even further.
Trump’s answer to the oil crash could be a tax on Saudi crude
If Donald Trump wanted to shield U.S. shale from oil’s crash, he could unleash a familiar weapon against rival producers such as Saudi Arabia: tariffs.
Oil rally falters after Saudis vow to further boost production to 13 million barrels
Oil’s rebound from its biggest crash in a generation faltered after Saudi Arabia said it would boost its production capacity, while there were also doubts whether the U.S. could deliver sufficient stimulus to support prices.
Big Oil issued warning to White House that China Trade Deal was ‘unrealistic’
Industry leaders privately warned the Trump administration that the U.S. will struggle to produce the oil, gas and other energy products that China has committed to buy in a new trade deal, raising additional questions about one of the president’s signature economic achievements.
Come on Trump, time to get on the right side of science
I shouldn’t have been surprised but I read with utter dismay coverage of President Trump’s speech at the World Economic Forum in Davos. This statement horrified me –
US-China deal provides boost for energy exports
A deal by the US and China goes some way to ending the two-year trade war, with particular support in the agreement for agriculture and energy exports.
Next US President should ‘halt’ oil and gas subsidies, Bloomberg says
American billionaire and Democratic presidential contender Michael Bloomberg has said the next US leader should halt fossil fuel subsidies altogether.
Trump ordered to pay Scot Gov £225k over North Sea wind farm battle
Donald Trump's golf course company has been ordered to pay almost £250,000 in legal expenses to the Scottish Government following a court battle over a wind farm.
US eyes exports of coal, LNG to Africa
The US is eager to export LNG and coal to African states, US Assistant Secretary for Fossil Energy Steven Winberg told the Africa Oil Week conference.
US energy secretary Rick Perry to step down, Trump says
US energy secretary Rick Perry will leave his job by the end of the year, President Donald Trump has said.
“Freedom gas” in Ukraine scrutinised amid US corruption allegations
The US has set out charges against two men, Lev Parnas and Igor Fruman. The two men, who were involved in schemes for LNG imports into Ukraine, are accused of violating campaign finance laws.
Don’t let Citgo ‘fall into Russian hands’, Ted Cruz tells Trump.
U.S. Sen. Ted Cruz and six other members of Congress are asking President Donald Trump to avoid a situation that could put the Houston refining company Citgo in Russian hands.
Demand overshadows risks
Oil price predictions always end in disaster but complacency in the market poses a number of risks, given global uncertainty.
Any US action to Saudi oil attack will be met with ‘immediate response’, Iran warns
Iran has warned the US that any action against it after an attack on Saudi oil installations will "immediately" be met with a response from Tehran, its state-run news agency has reported.
Trump’s EPA look to retreat on proposals for methane rules on oil wells
The US Environmental Protection Agency is set to unveil a proposal that would step back from federal regulation specifically targeting methane emissions at oil and gas facilities, potentially staving off requirements for a million existing US wells.