BLPS Weekly Market Newsletter 05-29-2025

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NEWSLETTER

May 29, 2025

Crude Oil

• Oil prices climb nearly $1 as US court blocks Trump tariffs

• Oil also gains on supply concerns, July OPEC+ output decision

• U.S. Offshore Oil Production Set To Jump

• Is Crude Oil at a Major Inflection Point?

• US crude oil storage demand surges as traders brace for OPEC+ price war

Natural Gas

• Warmer Weather Forecasts Defuse Supply Angst to Lift Natural Gas Futures

• OPEC+ Talks and Global Sanctions Stir Price Volatility

• South Africa proposes buying US LNG as seeks trade deal

Steel & Tariff News

• Federal court blocks Trump from imposing sweeping tariffs

• U.S. Court of International Trade: “Illegal”

• Trump delays EU tariffs until July 9, European markets rally

• Dissecting Trump’s US Steel–Nippon partnership announcement

• Nippon expected to close acquisition of U.S. Steel at $55 per share

• US Poised to Get “Golden Share” in US Steel-Nippon Steel Deal

Other News

• Trump warns Putin is ‘playing with fire’ over War in Uk raine

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BLPS Weekly Market Newsletter 05-29-2025 by B&L Pipeco Services - Issuu