oil
Trump Says Iran War Could Be Over Soon, but Oil Disruption Would Trigger Harsher US Strikes
“We took a little excursion” to the Middle East “to get rid of some evil. And, I think you’ll see it’s going to be a short-term excursion,” Trump told Republican lawmakers at his golf club near Miami. read more >
by Associated Press -
Iran Attacks Threaten US Economy With More Uncertainty Around Inflation, Growth
The war has already raised oil prices and could lift prices at the pump as early as this week, but the ultimate impact on the economy and inflation will depend on the length and severity of the conflict, economists say. read more >
by Associated Press -
OPEC+ Countries to Boost Oil Production by 547,000 Barrels Per Day
The move follows an OPEC+ decision in July to boost production by 548,000 barrels per day in August. OPEC said the production adjustments may be paused or reversed as market conditions evolve. read more >
by Associated Press -
Here’s What to Know About Clean Energy In Trump’s Megabill
The bill supports mining, drilling and production of the oil, coal and gas that are largely driving Earth's warming and the increasingly deadly and costly extreme weather that comes with it. read more >
by Associated Press -
Biden Administration Offshore Oil and Gas Lease in Gulf Coast is Unlawful, Federal Judge Says
The leases in the Gulf Coast were expected to produce up to 1.1 billion barrels of oil and more than 4 trillion cubic feet (113 billion cubic meters) of natural gas over 50 years. read more >
by Associated Press -
Trump Is Holding Off on Tariffs but Betting Day 1 Moves Can Cut Energy Prices and Tame Inflation
Orders on Monday, including one tied to Alaska, are meant to ease the regulatory burdens on oil and natural gas production. read more >
by Associated Press -
US Agency Forecasts Falling Oil, Gasoline Prices
The U.S. Energy Information Administration expects lower oil and gasoline prices for 2025 and 2026, along with rising electricity consumption and increased solar power generation. read more >
Biden Issues Ban On Offshore Oil and Gas Drilling In Most Federal Waters. Trump Vows to Undo It
Biden's orders would not affect large swaths of the Gulf of Mexico, where most U.S. offshore drilling occurs, but it would protect coastlines along California, Florida and other states from future drilling. read more >
by Associated Press -
Welspun Plans $100M in Upgrades for Little Rock Port Facility
The pipe manufacturer is looking to expand its position in the oil and gas segment in the North American market. read more >
Oil Glut by 2030? Electric Vehicles May Answer
Spare capacity — the amount that oil producers could be pumping but don’t because supplies are adequate — could rise to levels seen in the COVID pandemic, when millions of cars were sitting parked. read more >
by Kyle Massey -
Biden Releasing 1 Million Barrels of Gasoline From Northeast Reserve In Bid to Lower Prices at Pump
The approach will create a competitive bidding process that ensures gasoline can flow into local retailers ahead of the July 4 holiday and sold at competitive prices, the Energy Department said. read more >
by Associated Press -
Oil and Gas Companies Must Pay More to Drill on Federal Lands Under New Biden Administration Rule
Officials said the proposal will lead to a more responsible leasing process that provides a better return to U.S. taxpayers and focuses oil and gas drilling in areas most likely to be developed. read more >
by Associated Press -
Oil Going Up, Natural Gas Headed Down, Federal Agency Forecasts
Residential electricity consumption could increase by almost 4% in 2024 compared to last year, the Energy Information Administration predicts. read more >
by Kyle Massey -
Oil and Gasoline Prices to Rise, Forecast Says
Crude oil production cuts by oil-exporting countries are starting to take a toll on global inventories and U.S. gasoline prices. read more >
by Kyle Massey -
OPEC+ Extends Voluntary Production Cut
The countries participating in production cuts, which have gradually piled up since October 2022, have pointed to goals of balancing the oil market. read more >
by Associated Press -
US Oil, Gas Production Set Records in December, EIA Says
Domestic consumption of natural gas had a record month in January due to a stretch of brutal winter weather. read more >
by Kyle Massey -
Glenn Klinker Named CEO of Holiday Island Holdings
Klinker was recently hired as the company's chief operating officer for oil and gas projects. read more >
Solar Power, Crude Oil Production Expected to Rise Through 2025
Global fuel consumption is expected to grow more slowly, along with global liquid fuel production. read more >
by Kyle Massey -
A Look at US Energy As Oil Prices Plunge
A day after falling oil prices drove stock prices down on Wall Street, the global Energy Industries Council published a detailed report on Dec. 7 detailing U.S. energy policy in […] read more >
by Kyle Massey -
US Foresees Lower Gas Prices This Winter
Government forecasts expect oil and natural gas prices to fall this winter season, which has been warmer than usual so far. The U.S. Energy Information Administration lowered its Henry Hub […] read more >
by Kyle Massey -
Sign up for Daily E-news
Sign Up
THIS WEEK’S EDITION
This Week’s Stories
View Digital Edition
