President Donald Trump campaigned in the traditionally solidly Republican state of Texas on Tuesday, seeking to boost US Senate candidate Ken Paxton and other party members and fend off what could be the first statewide Democratic victory in 32 years. With high fuel prices weighing heavily on the campaign for November 3 congressional elections, Trump scheduled a pair of stops at opposite ends of the oil-producing state. He appeared before a tanker containing Venezuelan crude in the Gulf of [Read more]
Natgas producer Expand Energy tops quarterly profit estimates
Top US natural gas producer Expand Energy surpassed Wall Street expectations for third-quarter profit on Tuesday, boosted by higher natural gas output. U.S. natural gas consumption is expected to hit record highs, driven by LNG exports and power demand from AI data centers. Shares of the company were up 1.5% in extended trading. For the quarter ended September 30, the company's natural gas production averaged about 7.54 billion cubic feet equivalent per day, up from about 7.33 Bcfe/d a [Read more]
US energy firms to produce record natgas in 2026 as global demand soars
US energy companies expect 2026 to mark a second consecutive year of record natural gas production, as global demand for liquefied natural gas exports and fuel to power massive data centers grows. Three of the biggest US gas producers — Expand Energy, EQT and Range Resources — will report third-quarter earnings after the market close on Tuesday. All three companies have signaled they will spend roughly the same or less in 2026 as last year while squeezing more gas from the ground, positioning [Read more]
Trump to roll back methane rules in latest Texas campaign push
President Donald Trump will use a campaign swing through Texas on Tuesday to announce a plan to ease methane rules for oil and gas producers, seeking to show voters he is working to bring down gasoline prices a week before the midterm elections. The move is the latest in a string of pre-election steps by Trump to address fuel prices, which have become a political liability for Republicans amid the war with Iran. By pairing the methane rollback with rallies for his hand-picked Senate candidate [Read more]
Canada takes a page from the Saudi oil playbook: Bousso
After years of debating how quickly to reduce its dependence on fossil fuels, Canada is now looking for ways to produce and export more of them. The shift is being driven by two geopolitical shocks, both courtesy of US President Donald Trump. First, there’s the tariff war kicked off at the beginning of Trump’s second term, which exposed the risks of overreliance on any one trading partner. Then there’s the US war with Iran, which reminded energy importers of the dangers of depending too [Read more]
Saudi-led coalition says it intercepted Houthi missiles, drones attacking kingdom
The Saudi-led coalition in Yemen said on Tuesday it intercepted and destroyed ballistic missiles and drones launched by the Houthis towards two regions of Saudi Arabia, as the conflict between the kingdom and the Iran-aligned group intensifies. The Houthis launched three ballistic missiles towards Saudi Arabia's Eastern Region, and four drones towards the country's Southern Region, the coalition said. Saudi Civil Defense issued early warning alerts for a potential hostile threat in the [Read more]
Oil eases on Middle East diplomacy hopes, Saudi attacks keep supply worries alive
Oil prices edged lower on Tuesday as the potential for a resolution in the US-Israeli war on Iran kept supply fears at bay, but Brent stayed close to six-month highs as attacks on Saudi Arabia lowered hopes of immediate stability in the region. Brent crude futures were down 66 cents, or 0.57%, at $115.15 a barrel as of 0000 GMT, while US West Texas Intermediate crude was down 44 cents, or 0.43%, at $101.32. Saudi Arabia, Turkey and Pakistan held talks with Iranian officials in Tehran on [Read more]
AI gloom revives the specter of stagflation: McGeever
AI skittishness has put the brakes on Wall Street's rally, resuscitating demand for US Treasuries as investors seek to protect portfolios, even as surging energy prices stoke inflation. This could put the Federal Reserve in an unenviable stagflationary bind. For most of this year, the US bond market has been slammed by an inflation-inducing barrage of soaring energy prices, fiscal fears, and the AI boom. Two of those forces remain very much in play, yet bond yields are no longer on a one-way [Read more]
Average price of gasoline during Trump’s term now exceeds Biden’s, as midterms loom
Americans have paid more for their gasoline and diesel at the pump on average during President Donald Trump's second term than they did under his Democratic predecessor, Joe Biden, according to the AAA. Surging fuel prices are a major thorn in Trump's side as midterm elections loom and the Republican Party looks to defend narrow majorities in both legislative chambers on November 3. The price of a gallon of regular gasoline has averaged $3.472 since Trump took office almost two years ago, [Read more]
After return of opposition leader, Venezuela’s acting president says hopes dialogue will offer space for all voices
Venezuela's acting president Delcy Rodriguez said on Monday that she hopes negotiations with a faction of the opposition will offer space for all voices to be heard, a day after opposition leader Maria Corina Machado returned to the country. “I hope the dialogue continues to provide a space for political participation, and that those who have harmed Venezuela, those who called for sanctions and external aggression, feel some remorse and regret," the acting president said during a visit to a [Read more]
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