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Trump, Trade, Oil, LNG, Gas, Energy

Trump, Trade, Oil, LNG, Gas, Energy

Trump’s Energy Trade Demands Pressure U.S. Oil, LNG Markets

The Permian Is Drowning in Its Own Wastewater

The Energy as a Service (EaaS) market is projected to double to over $55 billion by 2030, driven by rising electricity prices

The Energy as a Service (EaaS) market is projected to double to over $55 billion by 2030, driven by rising electricity prices

Energy-as-a-Service: A Subscription Trap for Heavy Infrastructure

The history of the global oil and gas industry is inextricably linked to the Organization of the Petroleum Exporting Countries aka OPEC

The history of the global oil and gas industry is inextricably linked to the Organization of the Petroleum Exporting Countries aka OPEC

The Swing Factor: Deciphering Six Decades of OPEC Strategy

Featured Article

Snippets

U.S. Captures Venezuelan Leader, Trump Says
President Trump...
President Trump said on Saturday that the United States had captured the Venezuelan president, Nicolás Maduro, and was flying him out of Venezuela, in what would be a stunning culmination to a monthslong campaign by Mr. Trump’s administration to oust the authoritarian leader.

Mr. Trump announced on Truth Social, his social media platform, and said that the United States had carried out “a large-scale strike against Venezuela” in an operation that was conducted “in conjunction with U.S. law enforcement.” He said that Mr. Maduro’s wife had also been captured.
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☕️What Else is Brewing Saturday Morning
Markets: Stocks ...
Markets: Stocks wobbled in the first trading day of 2026, unable to decide if they wanted to start the new year with a bang or a whimper, before ending the day up by a hair. Chip stocks had a good day, but couldn’t pull the Nasdaq out of the red. Elsewhere, Pinterest jumped by a few points following a report that OpenAI could buy it.

Swiss authorities said that sparklers on champagne bottles likely caused the New Year’s fire that killed at least 40 at the Crans-Montana ski resort.

President Trump said the US is “locked and loaded and ready to go” if Iran violently cracks down on widening anti-government protests in the country.

Grok, Elon Musk’s AI chatbot, said it was “urgently fixing” an issue that allowed it to generate sexualized images of children.

Saks CEO Marc Metrick stepped down as the luxury retailer reportedly considers filing for bankruptcy.

The 2025 North American box office totaled $8.9 billion in 2025—up by 2% from 2024, but still well below prepandemic levels.
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US Oil Drilling Activity Ends Down for 2025, But Production Still Near Highs
The total number of active oil and gas drilling...
The total number of active oil and gas drilling rigs in the United States rose by 1 this week, according to new data Baker Hughes published earlier this week, bringing the total rig count in the US to 546, down 43 from this same time last year.

The number of active oil rigs rose by 3 in the reporting period for the second week in a row, according to the data. Oil rigs are now at 412, which is 70 fewer than at this time last year. The number of gas rigs fell by 2 to 125, which is 22 more than this time last year. The miscellaneous rig count remained unchanged at 9.

The latest EIA data showed that weekly U.S. crude oil production rose slightly by 2,000 bpd in the week ending December 26 to 13.827 million bpd on average, just 26,000 bpd under the all-time high reached just three weeks ago.

U.S. crude production remains close to recent highs even with far fewer rigs operating than a year ago. Weekly output has been largely stable over the past month, despite only modest changes in drilling activity. The rig count, at least so far, has not been a reliable signal for near-term supply shifts.

The number of active drilling rigs in the Permian Basin remained at 247, 57 rigs below year-ago levels. The Eagle Ford count slipped by 1 to 40, 5 fewer than at this time last year.
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U.S. stocks close mostly higher as Dow, S&P 500 kick off 2026 with gains
Major Indices: The S&P 500 closed up...
- Major Indices: The S&P 500 closed up 0.19% at 6,858.47 on the first trading day of 2026. The Dow Jones Industrial Average gained 319.10 points, or 0.66%, to settle at 48,382.39, while the Nasdaq Composite slipped 0.03% to finish at 23,235.63.
- Market Movement: Both the S&P 500 and Nasdaq had been much stronger earlier in the session, with the S&P 500 and Nasdaq trading higher by 0.7% and 1.5% at their peaks respectively, before pulling back by the close.
- Winners: Semiconductor stocks provided support, with Micron Technology hitting all-time highs and rising more than 7%
- The small-cap Russell 2000 added 1.1%, outpacing the broader market
- Wayfair jumped around 6% and RH increased roughly 8% after President Trump postponed tariff increases on upholstered furniture and kitchen cabinets
- Vertiv shares popped 8% after a Barclays upgrade, while Sandisk jumped almost 11%
- Losers: Tesla stock fell after the EV maker's deliveries missed expectations
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DAILY OIL PRICE: January 2, 2026
Crude Oil: 57.32 (-0.10)....
- Crude Oil: 57.32 (-0.10).
- Nymex MTD AVG: 57.3700.
- Natural Gas: 3.618 (-0.068).
- Gasoline: 1.6982 (-0.0072).
- Spreads: February/March (+0.20) March/April (+0.14).
- Plains WTI Posting: 53.80 (-0.10).
Source: Odessa American
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