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
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation






