Author: intent

US: Trump Picks Liberty Energy CEO As Head Of Department Of Energy

Chris Wright, Chief Executive of Liberty Energy, has been nominated to lead the Department of Energy in the Trump administration. Wright is a vocal critic of the energy transition as envisaged by most Western governments to date, instead calling for energy realism and prioritizing the supply security and affordability of energy rather than its emission […]

Bearish Sentiment Is Dominating Oil Markets

Steep gasoline and diesel inventory draws in the United States have helped offset the overwhelmingly bearish sentiment in the oil market, although it wasn’t enough to halt the decline in oil prices. With China posting its seventh successive month of refinery run declines and Jerome Powell cooling down expectations on U.S. interest rate cuts, Brent below $72 per barrel feels justified.