News

Tuesday, April 13, 2021

U.S. Oil Output Nears Pre-Pandemic Levels as Crude Price Build Driller Confidence

The Permian basin, the U.S.’s most prolific shale patch, will produce crude oil at levels not seen since the start of the pandemic in the latest sign the global economy is heating back up.

Thursday, April 1, 2021

Biden Plan Gives Oil Sector Surprise Boost

President Joe Biden, who made clean energy a core tenet of his campaign, plans to set off one more oil-sector boom before shadows descend on fossil fuels.

Friday, March 26, 2021

States Sue to Undo Biden Pause on US Oil and Gas Lease Sales

Louisiana and dozens of other states are suing the Biden administration to end a suspension of oil and gas leasing on federal lands and waters.

Tuesday, March 23, 2021

White House Climate Adviser Meets with Oil and Gas Companies

National climate adviser Gina McCarthy on Monday met virtually with leadership from oil and gas companies to discuss “shared priorities” according to a readout from the White House.

Thursday, March 18, 2021

Louisiana Oil and Gas Industry in Danger after President Biden Cancels 80 Million Acre Oil Lease

Louisiana officials say the state’s oil and gas industry is in danger.

Tuesday, March 9, 2021

OPEC's Sneaky Oil Move May Leave Energy Markets Thirsty

While the globe is getting optimistic about a post-COVID-19 economic recovery with vaccine distribution becoming more widespread, the sneaks in the OPEC Plus cartel are using this as a golden opportunity to fleece the global economy while the Biden Administration remained silent.

Monday, March 8, 2021

Brent Breaks $70 After Saudi Arabia's Oil Facilities Attacked by Yemen's Houthis

International benchmark Brent crude futures jumped above $70 for the first time in more than a year on Monday, before giving back those gains to trade in the red.

Friday, March 5, 2021

Analysts React to OPEC+ Meeting

OPEC+ took the industry by surprise when it decided to roll over its quota.

Monday, March 1, 2021

Oil Prices Rebound ahead of Key OPEC Output Discussions

Oil rebounded from its biggest slump since November ahead of a key OPEC+ meeting that may see some supply returned to a fast-tightening market.

Tuesday, February 23, 2021

Oil Up with Tightening Market Boosting Outlook

Oil rose toward $63 a barrel with investment banks and traders predicting the market will tighten further and push prices higher.