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Energy / Government & Politics / Real Estate

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 >
Energy / Government & Politics

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 >
Energy / Transportation

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 >

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 >

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 >
Energy / Investments / Public Companies

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 >
Energy / Government & Politics / Manufacturing

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 >
Energy / Government & Politics

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 >
Energy / Government & Politics

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 >
Energy / Government & Politics

US Targets Oil and Natural Gas Industry With New Rule on Methane Emissions

The U.S. rule on methane emissions is part of a broader effort by the Biden administration that includes financial incentives to buy electric vehicles and upgrade infrastructure — spending that Harris said will total roughly $1 trillion over 10 years. read more >

US Predicts Lower Heating Bills, Rising Oil Prices

The U.S. Energy Information Administration released its Winter Fuels Outlook report. read more >
Energy / Investments

White River Energy Launches Private Capital Investment Firm

The firm is offering products such as intangible drilling cost deduction funds and insurance designated funds in the oil and gas industry. read more >

Saudi Arabia Says it Will Maintain Production Cuts That Have Helped Drive Oil Prices Up

Production cuts first announced by Saudi Arabia and Russia in July have driven up prices at the pump, enriched Moscow's war chest and complicated global efforts to bring down inflation. read more >
Energy / Transportation

Oil Prices Surge, Along With Electricity Use

In a forecast released Tuesday, the EIA projected Brent crude oil prices averaging $85 a barrel. Prices have been rising since June, largely thanks to a strategic cut in production by Saudi Arabia and a growing demand globally. read more >

Forecast Predicts Higher Oil, Decline in Coal

Crude oil prices are expected to aver $78 per barrel in July and rise to around $80 in the fourth quarter of this year. read more >

OPEC+ Cuts to Put Pressure On Gasoline Prices, EIA Says

Meanwhile, global liquid fuel consumption is predicted to rise between 1% and 2% over 2023 levels. read more >
Andrew Clyde
Energy / Public Companies / Transportation

Murphy USA Reports $106M Quarterly Profit; Stock Rises

Earnings per share and revenue both beat the expectations of Wall Street analysts. read more >
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 >

Oil Producers’ Cuts Could Raise Gas Prices, Help Russia

The decision by oil producers, many of them in the OPEC oil cartel, to cut production by more than 1 million barrels a day comes after prices for international benchmark crude slumped amid a slowing global economy that needs less fuel for travel and industry. read more >

World on ‘Thin Ice’ as UN Climate Report Gives Stark Warning

The United Nations chief called for an end to new fossil fuel exploration and for rich countries to quit coal, oil and gas by 2040. read more >