WSJ: Oil companies are conveying an unlikely message to the GOP and its presidential candidate: Spare President Biden’s signature climate law. At least the parts that benefit the oil industry. W/Benoît Morenne wsj.com/business/energ… via The Wall Street Journal

G'morning! Exxon's CEO says Trump should stay in the Paris agreement. Oil billionaire Harold Hamm is advising Trump transition on energy. Oil exec Chris Wright is seen as DOE contender. ND Gov Doug Burgum is in the mix for energy czar w/ Benoît Morenne wsj.com/business/energ…

China Coped With Trump’s First Trade War. A Second One Will Be Tougher.—Beijing might have little choice but to reconfigure its economy should it become embroiled in a broader trade conflict Jason Douglas Hannah Miao wsj.com/economy/trade/… wsj.com/economy/trade/…

Fossil-fuel tycoons helped return Donald Trump to the presidency. Now, they are seeking to lock in use of their products for years to come -- via Benoît Morenne and me wsj.com/business/energ… via The Wall Street Journal

NEW: Brooke Rollins is now expected to be tapped as Agriculture secretary, we're told w/ Alex Leary wsj.com/politics/elect…

President Trump wants to ramp up oil drilling, but his allies in the U.S. shale industry and Saudi Arabia are pushing back wsj.com/business/energ… via The Wall Street Journal

Scoop with ⁦Ben Dummett⁩ and ⁦Collin Eaton⁩: Shell has tapped bankers to explore a sale of its chemicals assets in Europe and the U.S. $shel wsj.com/business/deals…

SCOOP: Chevron CEO Mike Wirth has been on a lobbying blitz this week, holding private talks with Trump administration officials about their oil license in Venezuela Inside the talks with Wirth 👇 Story w/ Collin Eaton Patricia Garip wsj.com/world/americas…

The Trump administration’s job cuts, tariffs and push for lower energy prices are creating a more uncertain world for its friends in the oil industry wsj.com/business/energ… via The Wall Street Journal

Oil executives raised their concerns about superfund laws and climate litigation in a White House meeting with President Trump this past week. Trump agreed they could potentially undermine his energy dominance agenda. wsj.com/business/energ…

Chevron gets almost two additional months to wind down operations in Venezuela, per Treasury today. Trump says plans to impose a 25% tariff on any country that buys oil or gas from Venezuela. wsj.com/world/americas… via The Wall Street Journal

Goes back to our scoop on last week's meeting between President Trump and oil execs. wsj.com/world/americas…

Free trade fueled the U.S.’s rise as an oil-and-gas hegemon. President Trump’s America First era is set to force a painful readjustment. wsj.com/business/energ… via The Wall Street Journal Benoît Morenne

EIA made quite an interesting shift in its projections for US #crude #oil output in its latest AEO. US crude now peaks @ 14mn b/d in '27 before shifting into decline, falling below 11.3mn b/d in '50. Prior, peak of 13.3mn b/d hit in '28, followed by sustained plateau.

All told, the US oil industry has lost over $280 billion in market cap since the tariff blitz in early April. On a percentage basis, their aggregate loss has outpaced every other major sector. wsj.com/business/energ… via The Wall Street Journal

For context, that’s greater than the value of Chevron, the second largest US oil company.

Shell is holding early stage talks to acquire rival BP in what would be the largest oil deal in a generation wsj.com/business/energ…

Oil executives have won President Trump’s support in their effort to quash Europe’s flagship environment rules wsj.com/business/energ…

Oil executives want President Trump to use trade talks to quash Europe’s flagship climate rules wsj.com/business/energ…

Chevron prevailed in clash with Exxon over one of the world’s most coveted oil projects wsj.com/business/energ…