oil
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 -
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 -
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 -
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 -
US Predicts Lower Heating Bills, Rising Oil Prices
The U.S. Energy Information Administration released its Winter Fuels Outlook report. read more >
by Kyle Massey -
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 >
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 >
by Kyle Massey -
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 >
by Kyle Massey -
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 >
by Kyle Massey -
Murphy USA Reports $106M Quarterly Profit; Stock Rises
Earnings per share and revenue both beat the expectations of Wall Street analysts. read more >
by Kyle Massey -
Business Backlash Pushing GOP to Weaken Anti-ESG Proposals
Public pension funds are caught in the debate as big institutional investors. read more >
Murphy USA Profit Soars 70% in 2022
Fourth-quarter results were solid, but fell short of Wall Street expectations. read more >
by Kyle Massey -
US Energy Outlook Foresees Falling Fuel Prices
In projections issued Tuesday, the EIA expects overall domestic energy use to rise by 1% in 2024, with global crude oil inventories rising over the next two years. read more >
by Kyle Massey -
US Gas Prices Dip Just Below $4 for the First Time in 5 Months
AAA said the national average for a gallon of regular was $3.99 on Thursday. read more >
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