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China Uses Gray Trade Tactics To Circumvent U.S. Tariffs

Oil & Gas‚ Oil and Gas Industry‚ Uncategorized | intent | April 16, 2025 | Comment off

The March export numbers could be a glimpse into what’s coming, but not immediately. In fact, some analysts expect a slowdown in Chinese exports in the coming months while the dust from the tariffs settles. “Exports will likely weaken in coming months as the U.S. tariffs [have] skyrocketed,” Zhiwei Zhang, president and chief economist at Pinpoint Asset Management, told CNBC. He added that “in the short term, I expect chaos in supply chains and potential shortage in the U.S. that may drive up inflation.”

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Goldman Sachs Cuts Oil Price Outlook Once Again

Uncategorized | intent | April 14, 2025 | Comment off

“The risks to our reduced oil price forecast are to the downside, especially for 2026, given growing risks of recession and to a lesser extent of higher OPEC+ supply,” Godman said in one of its earlier April notes, referring to the most expected outcome of the tariff war that President Trump started in early April. However, there is a good chance the war will end before it start hitting the global economy, eliminating the biggest risks as defined by Goldman Sachs and thus reducing the danger of a more serious oil price decline.

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Oil price shock may be short lived, Canada energy chiefs say

Oil & Gas‚ Oil and Gas Industry‚ Uncategorized | intent | April 10, 2025 | Comment off

The plunge in oil prices over the past week was more severe than the market’s dynamics justify, and the drop may be short-lived, according to Canadian energy executives gathered in Toronto.
Leaders of oil and gas producers as well as pipeline companies characterized the sudden decline — sparked by US President Donald Trump’s global tariffs and OPEC’s surprise decision to revive output more quickly than expected — as more of a shock reaction than a reflection of actual supply-and-demand imbalances.

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Oil Price Rout Extends on Recession Fears

Oil & Gas‚ Oil and Gas Industry‚ Uncategorized | intent | April 7, 2025 | Comment off

The price slump in crude oil that began last week has extended into this one as market players’ fears about a global recession deepen.

At the time of writing, Brent crude was trading at just below $64 per barrel, while West Texas Intermediate was changing hands for $60.54 per barrel, both down by over 2% from Friday’s close.

Last week, crude oil prices took a 7% dive after China announced retaliatory tariffs for U.S. imports, matching the U.S. rate of 34% on top of existing levies. The move was universally seen as bearish for crude oil, hence the effect on prices.

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BP cuts renewable investment and boosts oil and gas in strategy shift

Oil & Gas‚ Oil and Gas Industry‚ Uncategorized | intent | April 2, 2025 | Comment off

BP cut planned annual investment in renewable energy businesses by more than $5 billion, from its previous forecast, to between $1.5 billion and $2 billion per year. It now aims to grow oil and gas production to between 2.3 million and 2.5 million barrels of oil equivalent per day (boepd) in 2030. It pumped 2.36 million boepd in 2024.

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Guyana Seeks Suriname Gas Deal After Building Oil Fortune

Oil & Gas‚ Oil and Gas Industry‚ Uncategorized | intent | March 14, 2025 | Comment off

Exxon Mobil Corp.’s oil discovery in 2015 has transformed Guyana’s economic fortunes, filling the government’s coffers with billions of dollars from oil exports. But it’s also left the nation’s outlook extremely intertwined with the whims of the crude market at a time when an expectant population is looking for a rapid uplift in living standards.

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