Loss of Emirates Further Weakens OPEC’s Influence
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
It Is Happening Every Day, Every Where
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
Despite soaring power demand, Republican lawmakers in the Texas Legislature are pushing to rein in renewable energy, part of a national wave of Trump-era opposition.
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.
The Trump administration did not immediately provide details about the agreement, and it was not clear what it meant for the future of U.S. military support for Ukraine.
The main oil and gas trade group wants the Trump administration to reconsider maritime rules released in April that would require it to use some U.S. ships to transport liquefied natural gas.
Coal has been displaced by cheap and plentiful natural gas and the rapid growth of wind and solar energy — forces that President Trump will struggle to do away with.
Eager to stay in Mr. Trump’s good graces, oil executives refrain from publicly criticizing the president. But privately, ‘Everyone’s afraid.’
Crude oil now costs around 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries.
Tariffs, tax credits and deregulation are among the industry’s top priorities.
Energy executives meeting in Houston expressed concerns about President Trump’s trade and economic policy even as they praised him and his administration.