🗞️ OG Oil Gas Energy News - June 10, 2025 Edition

🎙️ From Valves to Markets: Daily Energy Intel from The Valve Guy
📍 OGOILGASENERGYNEWS.com

🔥 Main Headlines

🧭 Trade Tensions, Energy Markets, and Industrial Impacts

Date: Tuesday, June 10, 2025

📌 Global Trade Talks: London Hosts Critical US-China Negotiations

🔹 Status: Talks Resume Today
🔹 Who’s at the Table:

• 🇺🇸 Treasury Secretary Scott Bessent

• 🇺🇸 Commerce Secretary Howard Lutnick

• 🇨🇳 Vice Premier He Lifeng

💬 “Good meeting,” says Bessent — but tariffs still sting.
President Trump backs optimism but warns, “China’s not easy.”

💸 Tariffs Spike Steel & Aluminum Costs

⛓️ Effective June 4: US doubles tariffs to 50%

• 💰 Estimated import cost increase: $100B+

• 🏭 Winners: Century Aluminum, Matalco

• 🚗 Impacted: Auto sector, construction, consumer goods

⚡️ Tariff Fallout Across Power & Construction Sectors

📈 Power Sector Costs Up 6-11%
🔋 Battery Storage Costs Could Surge 50%

• 🧱 Construction projects may slow or cancel

• ☀️ Solar deployment further delayed

📉 Corporate Adjustments & Soft Economic Signals

• 🛠️ P&G cuts 7,000 jobs — Tariff fallout + weak demand

• 🍹 Fevertree/Molson Coors split tariff costs

• 🧾 Dollar Tree forecasts weak Q2 earnings

• 📉 US Services PMI Contracts for first time in 12 months

• 🇨🇦 Canada's economy slows as trade drag weighs

🛢️ Energy Market Signals Mixed, Gas Slides on Maintenance

Natural Gas (Nymex July): Down amid sluggish LNG exports

• 🛠️ Maintenance hits Sabine Pass & Cameron LNG

• 🏗️ Record feed to Plaquemines & Freeport partially offsets

WTI Crude: Testing $64.54
Brent Crude: Targeting $73
📉 Oil rig count falls for 6th straight week
📈 Gas rig count ticks

🛠️ Project & Corporate Updates

🛢️ Comstock Resources (CRK)

📅 Q2 Earnings: July 30 (call July 31)
🔎 Focus: Haynesville Shale Production

🇬🇭 Ghana Signs MoU to Extend Jubilee & TEN Fields

🛠️ Up to 20 new wells
💰 $2B investment
📈 Target: 130 MMscfd gas output

🛠️ BEL Valves Secures North Sea Contract

• 📍 Murlach Field (BP + NEO Energy)

• 🛠️ 30 total valves (manual + actuated)

🤖 Kent Plc Embraces AI for Offshore Projects

• 🌊 Semi-sub storage + water injection designs

• 🧠 Combines AI + engineering experience

🪙 Metals Market Update: Silver Surges, Zinc Slides

📈 Silver Hits $36.53/oz — highest since 2012

• COMEX & SHFE spike
  📉 Gold, Zinc Slide
  📊 LME Copper & Tin: Slightly up
  🔋 Polysilicon & Lithium: Marginal declines
  🧪 Silicon Metal Up

💡 Stay ahead of global energy moves. Subscribe to the OG Oil Gas Energy Newsletter and follow The Valve Guy for real-time updates that drill deeper.
👉 www.ogoilgasenergynews.com, the valve Guy podcast Spotify and Apple, Amazon

🔗 SOURCES & LINKS

• US Department of Commerce

• Wood Mackenzie

• Baker Hughes Rig Count

• SHFE / LME Commodity Market Data

• Comstock Resources

• Ghana GNPC

• Kent Plc Energy Projects

• Bloomberg Energy

• Reuters Markets

🔍 The Valve Guys got you covered on….Natural Gas Prices, Crude Oil, Brent Crude, WTI Crude Oil, Energy Industry, Oil and Gas, Haynesville Shale, Comstock Resources, Ghana Oil, North Sea Oil, Offshore Energy, BEL Valves, Trade Tariffs, US-China Trade War, Supply Chain Issues, Construction Costs, Electrical Industry, Battery Storage, Solar Power, Metals Market, Silver Price, Gold Price, SHFE, LME, Economic Indicators, US Trade Deficit, ISM Services PMI, Inflation, Unemployment.