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