According to sources cited by Bloomberg, the White House is weighing oil product (gasoline, diesel, etc.) export limits. The limits under consideration would fall short of a comprehensive ban, according to Bloomberg sources. Curtailing exports could have geopolitical […]
The American Petroleum Institute (API) and ExxonMobil Corporation have both responded to a recent letter sent by U.S. President Joe Biden to oil refineries. “While we appreciate the opportunity to open increased dialogue with the […]
(CNN)Three environmental law groups have sued the Biden administration in an attempt to block more than 3,500 permit applications from energy companies to drill for oil and gas on public lands. The environmental groups filed the lawsuit in […]
(Bloomberg) — Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as U.S. President Joe Biden lambasts […]
Struggling to re-establish its shredded and ridiculed credibility as inflation fighter, the Fed today concluded the most hawkish Fed meeting in decades. Following the CPI report last week that apparently had blown all doorknobs off inside […]
Responding to record-high US gasoline and diesel prices, President Joe Biden has asked US refiners for their assistance in adding refining capacity to increase supply of gasoline and diesel. “I understand that many factors contributed […]
U.S. oil and gas supermajor Chevron has awarded a long-term deal to engineering company Worley for the provision of multiple services to its portfolio of onshore and offshore assets. Worley said that it secured a […]
WASHINGTON D.C. — The American Petroleum Institute on Tuesday released a “10 in 2022 plan”—10 policies that policymakers can advance today to unlock American energy, fuel economic recovery, and strengthen national security. As energy costs […]
The Biden administration has made its stance on energy very clear as it looks to phase out as many hydrocarbons as possible in favor of electrical systems that do little to provide energy. The latest […]
(Bloomberg) — Billionaire Harold Hamm may trigger a bidding war for Continental Resources Inc. with his $4.3 billion takeover offer for the shale powerhouse he founded. Hamm’s all-cash offer of $70 for each share he […]
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