Analysts are saying it may be time to sell Exxon Mobil (XOM) as the stock continues to rise, and oil prices have begun what appears to be a longer-term decline on an oversupply and reducing […]
Update(1355ET): On Saturday the White House unveiled a monumental shift in its Venezuela policy, given only a short time ago Washington didn’t even officially recognize Nicol?s Maduro as the socialist Latin American country’s legitimate ruler, […]
Authored by Katabella Roberts via The Epoch Times (emphasis ours), The Biden administration has quietly approved plans to build a new crude oil terminal in the Gulf of Mexico off Texas, seemingly in contradiction to […]
The U.S. energy policy is clear about its intention to phase out fossil fuels. This has forced refiners to exercise caution in order to stay afloat. It has also resulted in a loss of U.S. […]
NewsPolitics Venezuela’s government and opposition will resume political talks on Saturday, Norway’s foreign ministry has confirmed, as negotiations aimed at finding a way out of the country’s complex crisis were stalled for more than a […]
U.S. ready to allow oil giant to produce, sell Venezuelan oil Chevron is owed billions in unpaid debts by state-run PDVSA U.S. aims to shift Venezuelan oil sales from shadow firms Chevron Corp could soon […]
ENB Pub Note: Sources; Bloomberg, CNBC, Reuters, EDGAR. An interesting week coming around the corner. Tax Credits and investor sentiment drive decisions to invest in renewable energy rather than increase drilling programs. The short answer […]
Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.” The national average price for a gallon of gasoline is currently nearly $5, causing strife for […]
CEO sees U.S. oil growing up to 900,000 barrels a day in 2022 Warning comes after Exxon, Chevron plan Permian Basin boost ConocoPhillips said traders should be worried about strong oil production growth coming out of […]
Output in the U.S. shale patch is “re-booming” this year, with research and data analysis firm Lium LLC forecasting production will surge by more than 1 million barrels a day. That’s the most bullish industry forecast […]
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