Letter from the US: Houston has a problem with Trump’s energy policy
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
Chris Wright, the US energy secretary, earned several bursts of applause during his opening speech to the recent CERAWeek by S&P Global energy forum in Texas. The couple of thousand attendees watching his delivery in the plenary hall of the Hilton Americas hotel in downtown Houston loved his denigration of the Biden administration’s “myopic focus on climate change”, his declaration that he was a “climate realist”, and his pledge that “the only interest group we are concerned with is the American people.” As political theatre, it was highly effective and exactly what many of the CERAWeek attendees came to hear. “I really do not think they have thought through the ramifications. It i
Also in this section
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy






