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(Oil & Gas 360) – Register for EnerCom Denver – The Energy Investment Conference, August 17-20, 2025, featuring a broad group of public and private energy companies at www.enercomdenver.com at The Westin Denver Downtown. Conference Lineup Features C-Suite Representation from over 75 Confirmed Companies Industry Panel Topics Include The Resurgence of Exploration, Private Companies, The Rise of Asset-Backed Securitization and Private Capital Qualified Investors, Analysts and Energy Industry Professionals Can Register at www.enercomdenver.com DENVER – July 14, 2025 – EnerCom, Inc. is pleased to publish presentation times for participating companies on the conference website for the 30th Annual EnerCom Denver –…
(Bloomberg) – MidOcean Energy, a liquefied natural gas company founded by private equity firm EIG and backed by Saudi Aramco, has emerged as the frontrunner to buy a minority stake in Petronas’ Canadian business, people familiar with the matter said. Petronas, as the Malaysian state energy firm is known, has picked MidOcean as the preferred bidder, according to sources. The companies are in advanced talks to hammer out details of a transaction for the stake, which could be valued at several billion dollars, the people said. Petronas has been considering options for the Canadian unit, which was formerly…
(BOE Report)– Oil markets have remained remarkably resilient so far this year, despite concerns over U.S. President Donald Trump’s trade policies and rising OPEC+ production quotas. But that strength will now be tested, as Saudi output is starting to surge just as demand appears to be slowing. Benchmark oil prices are currently near $70 a barrel, down from a 2025 high of $82 in mid-January, but above the four-year low of $62 set in May. That followed Trump’s “Liberation Day” tariff flip-flop, which sparked confusion about the policy direction and fears of a severe disruption to global economic…
WASHINGTON (AP) — Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several months of cooling price pressures. Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month. Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign to immediately lower costs. The sharp inflation spike of 2022-2023 was…
(Bloomberg) – Oil fell as U.S. President Donald Trump reignited his global trade war, while his latest plan to pressure Russia into a ceasefire with Ukraine didn’t include new measures aimed directly at hindering Moscow’s energy exports. West Texas Intermediate fell 2.1% to settle below $67 a barrel after Trump threatened 100% “secondary” tariffs on countries that do business with Russia if there’s no ceasefire in 50 days. But he didn’t announce direct sanctions on the nation’s oil shipments, which traders had speculated might be coming when Trump promised a “major statement” on Russia last week. Secondary tariffs…
Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021. Handout | Via ReutersBlock jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee,…
(World Oil) – Rising Phoenix Capital, an investment firm specializing in oil and gas mineral royalty acquisitions, today announced a new strategic acquisition in the Midland basin. The mineral rights, located in Ector and Midland Counties, TX, are operated by ConocoPhillips and were acquired through the firm’s Maroon Bells Fund, an income-focused mineral portfolio that has delivered consistent cash distributions. The acquisition includes both producing wells and near-term permitted development, increasing Rising Phoenix’s footprint in the country’s most prolific basin and aligning with its mission to deliver monthly income and long-term capital preservation for accredited investors. “We underwrite for predictability,…
(Bloomberg) – Oil fell as U.S. President Donald Trump reignited his global trade war, while his latest plan to pressure Russia into a ceasefire with Ukraine didn’t include new measures aimed directly at hindering Moscow’s energy exports. West Texas Intermediate fell 2.1% to settle below $67 a barrel after Trump threatened 100% “secondary” tariffs on countries that do business with Russia if there’s no ceasefire in 50 days. But he didn’t announce direct sanctions on the nation’s oil shipments, which traders had speculated might be coming when Trump promised a “major statement” on Russia last week. Secondary tariffs…
(Oil Price)– The U.S. Department of Energy has authorized the exchange of up to 1 million barrels from the Strategic Petroleum Reserve (SPR) to ease the crude shortage at Exxon’s refinery in Baton Rouge, Louisiana, after quality issues with the Mars crude grade emerged last week. DOE has authorized an exchange from the SPR with ExxonMobil Corporation “to address logistical challenges impacting crude oil deliveries to the company’s Baton Rouge refinery.” U.S. Secretary of Energy Chris Wright authorized this action to help maintain a stable regional supply of transportation fuels across Louisiana and the broader Gulf Coast. “The exchange agreement preserves the…
The EconomistJuly 14, 2025″Climate change is a by-product of progress, not an existential crisis, says Trump’s energy czar”By Chris Wright, Secretary of EnergyNearly every aspect of modern life depends upon energy. It fuels opportunity, lifts people out of poverty and saves lives. That is why, as a lifelong energy entrepreneur and as US Secretary of Energy, I am honoured to advance President Donald Trump’s policy of bettering lives through unleashing a golden age of energy dominance—both at home and around the world.Over the past two centuries, two forces dramatically transformed the human condition: the rise of bottom-up social organisation—human liberty—and…