Crude Oil News
Oil Prices Ease As U.S. Rig Count Jumps
The number of total active drilling rigs in the United States rose by 13 this week. U.S. oil rig count rises by 8 rigs. The rig count in the Permian Basin rose by 6 this […]
US Energy News
Renewables Not Sustainable
Why Aren’t Investors Interested In Geothermal Energy?
The need to develop a variety of energy sources has never been so evident. As the global reliance on a few specific oil and gas sources becomes clear, it seems obvious that we should be […]
US Energy News
Senator Warren Wants ‘’Windfall Tax’’ On Oil Profits
As prices at the pump continue to rise for Americans, and as U.S. President Joe Biden warns oil and gas companies about price-gouging to take advantage of profits from the fallout of the Russia-Ukraine war, […]
Crude Oil News
CERAWEEK U.S. energy secretary urges companies to boost oil, gas output
HOUSTON, March 9 (Reuters) – Any oil and gas company that can increase supply should do so quickly due to the growing energy crisis following Russia’s invasion of Ukraine, U.S. Energy Secretary Jennifer Granholm said […]
US Energy News
U.S. OKs 2,700,000 bbls of crude oil from SPR to ExxonMobil -statement
WASHINGTON, (Reuters) – The U.S. Department of Energy has approved the twelfth exchange of 2,700,000 barrels of crude oil for release to ExxonMobil Corp (XOM.N) from the nation’s Strategic Petroleum Reserve, the department said in a […]
US Energy News
Oil producers in a ‘dire situation’ and unable to ramp up output, says Oxy CEO
As oil prices surge to the highest levels since 2008, Occidental Petroleum CEO Vicki Hollub said U.S. producers cannot increase output right away. “We’re in a really dire situation,” she said Tuesday at CERAWeek by S&P Global. […]
Top News
Shale CEOs Meet With U.S. Officials Amid Surging Oil Prices
After more than a year of little to no dialogue with the U.S. oil industry, officials from the Biden Administration are set to meet with shale executives this week to discuss oil supply and energy […]
US Energy News
Oklahoma producers not planning to reamp up oil production after ban on Russian imports
OKLAHOMA CITY (KFOR) – President Joe Biden unveiled a ban on Russian oil imports Tuesday afternoon as oil and gas prices continue to skyrocket to record highs. “Russia’s aggression is costing us all and it’s no time […]
Commodities
Biden Bans Imports of Russian Oil, Natural Gas
President Biden banned imported oil and other energy sources from Russia to punish the country as it intensified its military campaign in Ukraine, a move that will add pressure to already record U.S. gasoline prices […]
Commodities
Oil jumps to $130 with U.S. and U.K. set to ban Russia imports
(Bloomberg) — Oil extended its rally as the U.S. and U.K. said they plan to ban Russian oil imports while oil giant Shell Plc announced it will also halt purchases from the country. Brent crude […]