Federal funding for five of the seven regional hydrogen hubs and other energy-related projects that had been in line for termination could instead be preserved following a review by the Trump administration, according to Bloomberg, which cited a 39-page list of about 2,000 projects the Department of Energy said it plans to “retain or modify.”
The White House has issued a 60-day waiver of the Jones Act, which will allow foreign tankers to move crude oil and refined products between U.S. ports in a bid to cool gasoline prices. Today, we dive into what the waiver could mean for U.S. refiners, consumers, and other market participants.
Today, we detail U.S. plans to release 172 MMbbl from the Strategic Petroleum Reserve, examine how it compares with U.S. actions after the Russian invasion of Ukraine in 2022, and why the SPR could drop to levels not seen since the Reagan administration.
A major theme under the second Trump administration has been “energy dominance,” with a focus on expanded drilling, increased oil and gas production, and an easier path to project approvals. Today, we explain why the goal of “energy dominance” doesn’t mean going it alone, especially when it comes to the refining sector.
A subsidiary of Bridger Pipeline is planning a 36-inch-diameter crude oil pipeline that would move up to 550 Mb/d of Canadian barrels 645 miles from the U.S.-Canada border to Guernsey, WY. The idea is to push crude south via existing rights-of-way, possibly reviving parts of Keystone XL in Alberta.
President Trump announced on Tuesday, February 17, a $550 billion trade agreement between the United States and Japan, with roughly $36 billion allotted for U.S. oil, gas, and critical mineral projects.
One of the biggest questions surrounding Venezuela centers on its now-moribund oil sector, which has suffered from decades of neglect. It’s widely understood that a recovery will take time, but there are some concrete steps that could boost production in the short, medium and long term.
The evolving situation in Venezuela is rife with uncertainty. But as the outlook for Venezuelan crude oil improves, there are significant market issues at play as well, including the potential for renewed competition with Canadian heavy crudes along the U.S. Gulf Coast.
Wow! Pragmatism! Driven by physics, economics and, yes, even politics. It’s clear that 2025’s reset will carry into 2026, and energy markets are breathing a collective sigh of relief. So what does this renewed tilt toward fossil fuels mean for markets? Today, our Prognostications for 2026.
The news out of Venezuela has commanded the world’s attention since early January, with the country’s highly prized heavy crude oil caught in a geopolitical tug of war. In today’s RBN blog, we’ll lay out where Venezuela’s crude oil is produced and how it differs from grades elsewhere.
