After US pressure, the EU is considering a faster Russian gas and oil exit.
Ursula von der Leyen, the head of the European Commission, said that new sanctions would include a quicker phase-out of Russian fuels. This comes after U.S. demands to stop buying Russian crude oil. EU officials are currently in Washington…
After US pressure, EU looks to accelerate Russian oil and gas withdrawal
Ursula von der Leyen, the head of the European Commission, said that new sanctions would include a quicker phase-out of Russian fuels. This comes after U.S. pressure for an end to Russian oil purchases. EU officials are in Washington, D.C.
Senators from refinery states try to stop Trump from shifting the renewable fuel obligation
According to a draft of legislation that was seen by the, oil refinery state lawmakers, led by Senator Mike Lee (a Republican from Utah), will introduce legislation to stop President Donald Trump from shifting renewable-fuel blending…
Orsted Gets Go-Ahead for $9.4B Emergency Rights Issue
Offshore wind developer Orsted won shareholder approval on Friday for a $9.4 billion emergency rights issue to help fund U.S. projects thrown into uncertainty by President Donald Trump's opposition to the renewable energy source.The stakes are high for the Danish state-controlled firm…
White House review of waiver plan for biofuel pits refiners against farmers
The White House is reviewing an important rule that could change the balance between oil refiners, farmers and the Renewable Fuel Standard. It will determine how to redistribute large volumes of biofuel blend obligations that have been recently exempted.
Trump is in favor of nuclear energy because it's'more American than wind and solar', a US official claims
The director of the U.S. Energy Dominance Council stated on Thursday that the Trump administration would be more inclined to provide loan guarantees and tax incentives for nuclear energy than wind or solar, because it was "more American".
Wall Street Journal, September 4,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. ConocoPhillips, a U.S. oil producer and gas company, will reduce its workforce by up to 25% or 3,250 workers as part of an extensive restructuring.
Trump is "very disappointed" with Putin about Ukraine
Donald Trump, the U.S. president, said he was "very dissatisfied" with Russian President Vladimir Putin on Tuesday. He added that his administration planned to take certain actions to reduce deaths in Russia's conflict in Ukraine. The…
US and Russian officials discussed the latest Ukraine peace talks alongside energy deals
Five sources familiar with these talks claim that U.S. officials and Russian government officials discussed energy deals in parallel to negotiations to achieve peace in Ukraine this month. They said that these deals were presented as…
US and Russian officials discussed the latest Ukraine peace talks alongside energy deals
Five sources familiar with these talks claim that U.S. officials and Russian government officials discussed energy deals in parallel to negotiations to achieve peace in Ukraine this month. They said that these deals were presented as incentives for the Kremlin…
Russian Oil Supplies to Hungary and Slovakia Halted After Ukraine Attack
Russian oil supplies to Hungary and Slovakia could be suspended for at least five days after a Ukrainian strike on a facility in Russia, Hungarian and Slovakian officials said on Friday, in a widening of the fallout of Russia's war in…
Sources say that the US will rule on biofuel waivers but large oil refiners might need to wait.
Two sources familiar with Trump's plans say that the administration will rule as soon as Friday on a backlog of requests for relief from U.S. Biofuel Laws from small oil refiners. However, it will defer a decision as to whether or not…
Russell: Asia's LNG imports will likely increase, but not enough to satisfy Trump
As part of the trade agreements with President Donald Trump, there are some early signs that certain Asian countries will increase their imports from the United States of liquefied gas (LNG). According to commodity analysts Kpler, Asia's…
Russell: Asia's LNG imports will likely increase, but not enough to satisfy Trump
As part of the trade agreements with President Donald Trump, there are some early signs that certain Asian countries will increase their imports from the United States of liquefied gas (LNG). According to commodity analysts Kpler, Asia's…
Oil Prices Fall Ahead of Possible Cease-Fire
Oil prices fell on Tuesday as traders thought a possible cease-fire in Russia's war with Ukraine might lead to easing or the end to sanctions on Russian crude oil, which would in turn boost global supply.Brent crude futures were down 50 cents, or 0.75%, at $66.10 a barrel at 10:38 a.m.
Grain trade choppy as US crop tour results are awaited
Chicago soybean and corn contracts were up and down Monday, as traders awaited results from this week's Pro Farmer crop tours in the U.S. Midwest. Wheat futures dipped on technical selling despite a rise in export demand. The tour will measure corn yields in seven U.S.
Grain trade choppy as US crop tour results are awaited
Chicago soybean and corn contracts were up and down Monday, as traders awaited results from this week's Pro Farmer crop tours in the U.S. Midwest. Technical selling also pushed wheat futures lower, but a rise in export demand provided some support.
US oil group opposes Trump's plan to reduce biofuel import credit
The top U.S. trade group for oil on Thursday added its voice to the chorus of protests against a government proposal that would reduce incentives for biofuels imports. This will test the Trump administration’s resolve to maintain the policy over the next few months.
Republican lawmakers slow down Trump Treasury picks on wind and solar credits
According to a government source and document, two Republican senators put holds on the nominations of three Treasury Department nominees by U.S. president Donald Trump over an effort made by the White House to make it more difficult…
Trade groups and companies warn that Trump's America First policy on biodiesel could be costly to US businesses, consumers and trade groups.
According to some trade groups in refining and biofuels, the Trump administration's efforts to discourage the use foreign feedstocks for domestic biodiesel may lead to higher prices and a reduction of domestic production. The warning…