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Gulf of Mexico

An offshore oil rig off the coast of Louisiana

Companies Bid $264M in Gulf Oil Sale Mandated by Climate Law

Bids were up 38% from the last auction and marked the most offered in a sale since 2017. read more >
An offshore oil rig off the coast of Louisiana
Energy / Government & Politics

Biden Offshore Drilling Proposal Would Allow up to 11 Sales

The proposal brought immediate backlash from both environmentalists — who accused Biden of betraying the climate cause — and oil industry officials and allies, who said it would do little to help counter high energy prices. read more >
Energy / Public Companies

Murphy Oil Draws Crude From Floating Gulf Platform

Revenue from the production coming online is expected to help reduce debt by up to $650 million this year. read more >
A Toyota dealership in Mt. Laurel, New Jersey with a near empty lot in September 2021. Industrial production of motor vehicles and parts in the U.S. rebounded in October.
Manufacturing / Public Companies

US Industrial Production Rebounded 1.6% in October

The Fed attributed about half of the October gain to recovery from the effects of Hurricane Ida. read more >