Downstream

This post was originally published on this site(Reuters) – Oil prices steadied on Friday and were on track for their first weekly gain in three weeks after U.S. President Donald Trump and Chinese leader Xi Jinping resumed trade talks, raising hopes for growth and stronger demand in the world’s two largest economies. Brent crude futures fell 9 […]

This post was originally published on this siteSummary Refiners shop around as OPEC producers pump more US light, sweet crude faces competition from Kazakh CPC blend Guyana, Brazil could boost crude exports to Europe Producers face uncertainty due to economic slowdown concerns (Reuters) – Rising OPEC+ supplies and new streams of oil coming online globally

This post was originally published on this siteCrude prices have fallen as tariffs threaten to slow the global economy By Nayla Razzouk Global oil investments are expected to drop six per cent in 2025, in the first such decline in a decade excluding the year of the COVID-19 slump, according to the International Energy Agency.

This post was originally published on this siteMusk has lashed out at the tax bill, describing it as a budget-busting ‘disgusting abomination’ By Erik Wasson Elon Musk is on a mission to block United States President Donald Trump’s tax bill after he tried — and failed — to convince Republican lawmakers to preserve valuable tax

This post was originally published on this siteBy Timothy Gardner WASHINGTON, June 5 (Reuters) – A coalition of nearly 250 companies and business and labor groups on Thursday urged top U.S. Republican senators to preserve a credit for the emerging hydrogen fuel industry as they hash out President Donald Trump’s tax and spending bill. Oil

This post was originally published on this siteBy Nichola Groom Budget bill risks a 40% drop in home solar installs Would end tax credits for solar leasing companies, homeowners Change could hurt manufacturers that supply residential solar Solar firms urge Senate to restore leasing credit before the bill becomes law June 5 (Reuters) – A

This post was originally published on this siteBy Salma El Wardany, Anna Shiryaevskaya, and Ruth Liao Egypt has indicated that it plans to in the coming week finalize some purchases of liquefied natural gas for delivery over the next few years, as the country deepens its dependence on imports. The government is in the final

This post was originally published on this siteBy Ram Anand Workers at a Petroliam Nasional Bhd. site in Johor, Malaysia. Photographer: Ore Huiying/Bloomberg Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce in a firm-wide restructuring as it looks to reduce costs due to falling crude prices. The company will

This post was originally published on this siteBy Robert Tuttle Emissions at a facility in the Athabasca oil sands near Fort McMurray, Alberta. Photographer: Ben Nelms/Bloomberg Canada’s oil sands industry reduced its emissions per barrel for the sixth straight year in 2023, even as one growing portion of the sector moved in the opposite direction,

This post was originally published on this siteThe current version of President Donald Trump’s tax and spending bill would reduce the amount of renewable energy capacity added in the US over the next decade, resulting in 10% less wind, solar, and storage capacity by 2035. Summary by Bloomberg AI The bill would particularly impact wind