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HomeCrude Oil News

Crude Oil News

US crude futures
Crude Oil News

US crude futures climb back into positive territory

April 22, 2024 Mariel Alumit

HOUSTON, April 22 (Reuters) – U.S. crude futures returned to positive territory on Monday after falling on easing fears of a wider conflict in the Middle East. U.S. West Texas Intermediate crude was up 1 […]

American energy
Crude Oil News

Biden’s damaging war against American energy production

April 22, 2024 Mariel Alumit

The United States is the largest oil producer in the world. In 2023, we pumped out a record 12.9 million barrels every day. This is a significant milestone for the American economy — but not one you will hear […]

Alaska House
CCUS

Alaska House, seeking to boost oil and gas business, approves carbon storage bill

April 22, 2024 Mariel Alumit

The Alaska House of Representatives voted Wednesday to allow companies to collect carbon dioxide and inject it deep underground. Supporters said they believe it will boost the state’s oil, coal and gas industries. Legislators passed House Bill […]

Petrobras
Crude Oil News

Petrobras, bp to expand exploration, production ventures with new E&P contract

April 22, 2024 Mariel Alumit

(WO) – Petrobras and bp signed a Memorandum of Understanding (MoU) to promote discussions and collaboration between the two companies. The non-binding agreement focuses on business opportunities in exploration, and production (E&P), sustainable fuels, carbon […]

Amomonia

Week Recap: EVs, Water Scarcity, Corporate Debates

April 20, 2024 Andy Del Prado

Weekly Daily Standup Top Stories EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs April 14, 2024 Stu Turley Electric car sales already are in a funk in key markets around the globe. Challenges finding […]

Biden
Climate Crisis

Biden set to block millions of acres in Alaska from oil, gas drilling in Earth Day action

April 19, 2024 Mariel Alumit

The Biden administration is planning to block oil and gas drilling across millions of acres in an Alaskan reserve, which Congress specifically set aside for resource development. The Department of Interior (DOI) is expected to finalize regulations on Friday, […]

White House
Climate Crisis

White House Weighs Declaring Climate Emergency To Crack Down on Oil Industry

April 19, 2024 Mariel Alumit

The White House is weighing an unprecedented declaration of a national climate emergency to crack down on the oil industry and advance President Joe Biden’s climate policies, Bloomberg reported Wednesday. Declaring a national climate emergency would allow […]

Biden’s
Crude Oil News

GOP state AGs sue to block Biden’s crackdown on gas cars: ‘Radical green agenda’

April 19, 2024 Mariel Alumit

Republican attorneys general from 25 states on Thursday sued the Environmental Protection Agency to block rules intended to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing, arguing the agency exceeded its legal authority. […]

Oil
Crude Oil News

Soaring Russian Oil Imports Drag OPEC’s Market Share in India to a Record Low

April 19, 2024 Mariel Alumit

Russia was India’s single largest oil supplier for a second consecutive fiscal year, as surging imports of Russian crude dragged down the share of OPEC and Middle East supply to India to a record low, […]

Biden Administration
Crude Oil News

Biden Administration Restricts Oil Drilling and Mining in Alaska

April 19, 2024 Mariel Alumit

The U.S. Administration finalized on Friday a strategy to help protect federal lands, which includes restricting access to drilling and mining in a large part of the National Petroleum Reserve in Alaska (NPR-A). The Public Lands Rule […]

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