Category: US Energy News

The US Needs to Restock the Strategic Oil Reserve – This would save money and jobs in the long run.

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In a move aimed at bolstering national energy security, the United States needs to push forward with plans to replenish its Strategic Petroleum Reserve (SPR), which has been significantly depleted in recent years. President Donald Trump\’s administration has prioritized refilling the reserve, signaling a shift from previous drawdowns to a strategy focused on long-term preparedness […]

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Fossil Fuels to Dominate Global Energy Past 2050, and What Should Investors Look For?

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In a rapidly evolving energy landscape, the latest insights from McKinsey\’s Global Energy Perspective 2025 paint a sobering picture for those banking on a swift transition to renewables. Despite aggressive global efforts to curb emissions, fossil fuels are projected to retain a dominant role in the world\’s energy mix well beyond 2050, accounting for 41-55% […]

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SLB Reports Q3 Earnings Higher Than Expected

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SLB (NYSE: SLB), the global leader in oilfield services, reported third-quarter 2025 earnings that surpassed analyst expectations, driven by resilient international performance, growth in its Digital segment, and contributions from the recently acquired ChampionX business. The company announced revenue of $8.93 billion for the quarter ending September 30, 2025, marking a 4% sequential increase from […]

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US Oil Rig Count Stalling While Output Soars

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In the dynamic world of energy production, the United States continues to defy expectations. Despite a stagnant rig count, U.S. crude oil output has reached unprecedented heights, showcasing remarkable efficiency gains and technological advancements in the industry. This trend highlights how operators are squeezing more production from fewer rigs, a testament to improved drilling techniques […]

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Occidental CEO Hollub Sees Tight Oil Price Range Through 2026 – But what about Natural Gas we ask?

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In a market still reeling from geopolitical tensions and shifting global demand patterns, Occidental Petroleum CEO Vicki Hollub delivered a sobering yet strategic outlook at the Energy Intelligence Forum in London this week. Hollub projected that crude oil prices will remain confined to a narrow band of $58 to $62 per barrel through 2026, describing […]

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Fossil Fuels Will Power the AI Revolution, Saudi Aramco CEO Says – So we ask, who do you invest?

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In a bold assertion that underscores the ongoing tension between global energy transitions and surging technological demands, Saudi Aramco CEO Amin Nasser declared that fossil fuels, rather than renewables, will be the primary force driving the electricity surge needed for artificial intelligence (AI) and electric vehicles (EVs). Speaking at an industry conference on October 13, […]

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Phil Mickelson says if you want cleaner Beaches, then restart oil drilling

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In a surprising twist that blends celebrity influence with hard science, golf legend Phil Mickelson is championing the restart of oil drilling off the Santa Barbara coast, arguing it could lead to cleaner beaches and a stronger California economy. Drawing from decades of scientific research, Mickelson\’s stance highlights how extracting oil from underwater reservoirs might […]

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