An American SWF would be similar to those found in Saudi Arabia and Norway, where they hold significant stakes in mining and energy assets worldwide. Trump allies argue that public investment could catalyze U.S. supply chain security, particularly in sectors key to clean energy and defense.
The ultimate goal of the sanctions is to reduce Iran’s oil exports to zero, as stated by President Trump in a February directive to the State Department. The president directed the Secretary of State to “implement a robust and continual campaign, in coordination with the Secretary of the Treasury and other relevant executive departments or agencies, to drive Iran’s export of oil to zero, including exports of Iranian crude to the People’s Republic of China.”
As for the security of supply, this also gets a check. Almost all our natural gas and coal are domestically produced. And we export both. Since US demand for power is rising, with natural gas the fuel of choice for a generation, the main risk to long-term affordability is the eventual depletion of our principal gas fields. Also, the US sits atop a roughly three-hundred-year supply of coal if the industry chooses to heed the latest admonitions from the Trump administration with respect to “clean, beautiful coal.” In short, the US, unlike many nations, can remain energy self-reliant for the foreseeable future.
U.S. natural gas prices fell by 6% on Friday morning amid the overall panic market selling, but the benchmark Henry Hub price was declining less than the WTI Crude prices, which sank by more than 8% to hit a low of $61 per barrel.
The benchmark price for U.S. natural gas delivered at Henry Hub was plunging by 6.26% to $3.877 per million British thermal units (MMBtu) as of 10:35 a.m. EDT. At the same time, the WTI Crude futures were tumbling by as much as 8.59% to $61.14.
The Trump administration just turned up the heat on Iran’s oil operations, slapping fresh sanctions on Iran’s oil minister Mohsen Paknejad and a handful of shadowy tankers sneaking crude to China. Treasury’s reasoning? Paknejad is allegedly funneling billions in oil revenue directly to Iran’s armed forces, and the ships—some flagged in Hong Kong, Liberia, and Seychelles—are playing an elaborate game of maritime hide-and-seek to keep the crude flowing.
A statement by the Russian government said that flows along the Caspian Pipeline Consortium infrastructure had dropped by between 30% and 40% on Tuesday following the terrorist attack that involved seven unmanned aerial vehicles, per a statement by the CPC. Reuters said the attack was carried out by Ukrainian forces.
Portugal will increase purchases of liquefied natural gas (LNG) from the United States and Nigeria, as it aims to end imports of Russian gas, Environment Minister Maria da Graca Carvalho said on Tuesday. According to data from electricity and gas grids operator REN, Portugal imported 49,141 gigawatt-hours (GWh) of natural gas in 2024, of which around 96% was LNG.
The U.S. is pumping more than 13 million bpd, exceeding every other nation and up almost 45% in just a decade. The global oil market is closely watching to see if American explorers can drill enough new wells to offset the natural decline in aging shale discoveries.
Light crude from the U.S. has been winning over customers globally with its low sulfur content and refining qualities similar to other light grades from the North Sea and Africa.
If Permian crude gets lighter than it is right now, refiners may have to use heavier grades to blend it.
Chances are that crude pumped from the Permian could become increasingly lighter as output continues to rise to record highs and drillers are moving to lower-quality locations with more associated natural gas at wells.
Exxon Mobil Corp has announced plans to sell a portion of its assets in North Dakota’s Bakken shale formation, according to Reuters.