News
Their names are difficult to pronounce, they're essential for modern manufacturing, and they're increasingly at the center of the escalating trade war between the United States and China. The global supply of these rare earths -- an essential group of 17 elements that find themselves in everything from electric vehicle batteries to vital defense technology -- are also mostly controlled by China. Beijing is now looking to use that strategic leverage amid the growing trade spat and rising tensions with Washington. In response to recently imposed…
US oil and gas operators have encountered an avalanche of economic policy changes from the Trump administration over the last week, creating market uncertainty in an already maturing industry. Rystad Energy expects onshore Lower-48 production will fall short of the record high output of 11.37 million barrels per day (bpd) of oil, achieved in November 2023, until at least June of this year. However, this outlook faces serious downside pressure should the recent price downturn hold, forcing operators to cut back on rig activity. Consistent returns…
The International Maritime Organization (IMO) has concluded the 83rd session of its Marine Environment Protection Committee (MEPC 83), marking a significant advancement in maritime decarbonization efforts. A pivotal outcome of this session was the approval of the IMO Net-Zero Framework, despite reservations expressed by certain member states, including the US and several oil production states.Rystad Energy's research highlights that the IMO's direct compliance targets are notably more ambitious compared to those set by FuelEU Maritime. Under the…
West Texas Intermediate (WTI) crude prices dipped into the low $60 per barrel range following President Donald Trump’s sweeping tariffs announced on 2 April. While the subsequent 9 April move to pause the new levies at 10% for most countries for the next 90 days helped WTI prices recoup some losses, the market remains extremely volatile. This price level is well above the fundamental upstream breakevens for most US shale players, especially those in the Permian. However, Rystad Energy finds that additional corporate items, including higher…
Oil prices began the day with gains as US stock markets opened, driven by eased trade tensions and strong Chinese import data. OPEC revised its 2025 and 2026 global oil demand growth forecasts downward, citing uncertainties related to the ongoing trade war. Despite the positive start, traders remain cautious due to previous volatility and the mixed signals from supply dynamics and geopolitical factors. 1m ago 10:10am CST U.S. Oil Output Faces Risk of Decline Amid Tariff Uncertainty The U.S. oil sector, a cornerstone of Trump’s energy agenda,…
