Rig Count Drops as Oil Prices in Free Fall

The energy sector is facing headwinds as crude oil prices continue their downward spiral, influenced by factors such as U.S. President Donald Trump\’s tariff threats on China, a ceasefire in Gaza, and forecasts of global oversupply. As of October 11, 2025, West Texas Intermediate (WTI) crude oil is trading at $58.90 per barrel, marking a […]

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Texas Oil Driller Taps Trump\’s Team to Save California Crude Project

In a bold move highlighting the clash between federal energy priorities and California\’s stringent regulations, Houston-based Sable Offshore Corp. is turning to the Trump administration\’s National Energy Dominance Council for help in reviving a stalled offshore oil project off the coast of Santa Barbara. The Santa Ynez Unit, a cluster of offshore fields holding hundreds […]

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EIA Projects Steady U.S. Crude Oil Production at 13.5 Million Barrels Per Day Through 2026: Key Basins and Regions in Focus

The U.S. Energy Information Administration (EIA) has updated its Short-Term Energy Outlook (STEO), forecasting that U.S. crude oil production will average 13.5 million barrels per day (b/d) in both 2025 and 2026. This projection comes on the heels of a record-breaking July 2025, when U.S. crude oil output hit an all-time high of 13.6 million […]

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Does OPEC+ Really Have Spare Capacity?

Daily Standup Top Stories OPEC+ Has Come Close to Its Limit, Leaving Prices Open to Spike October 8, 2025 Clark Savage In the volatile world of global energy markets, OPEC+—the alliance of oil-producing nations led by Saudi Arabia and Russia—is pushing against its production boundaries. With spare capacity dwindling, the group finds itself in a precarious […] […]

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Has Gavin Newsom\’s War on Oil and Gas Gone Too Far? Can He Recover in Time to Run for President?

California Governor Gavin Newsom has long positioned himself as a climate warrior, pushing aggressive policies to phase out fossil fuels in the Golden State. From banning new fracking permits to imposing setbacks on drilling near communities, his administration has waged what critics call a \”war\” on the oil and gas industry. But with gasoline prices […]

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