Thrive or Survive? U.S. Energy Secretary Makes U-Turn on Oil Prices
In the space of ten days, U.S. Energy Secretary Chris Wright has gone from full-throttle shale hype-man to…
Russian Oil and Gas Revenues Set for 22% Plunge in April
Russia is expected to see its oil and gas revenues for April slump by 22% from a year…
Alaska, rich in petroleum, faces an energy shortage
In the state with the fourth-largest proven reserves of oil and gas in the U.S., there is a…
U.S. crude production rose by 2% in 2024, mostly from Permian, EIA finds
U.S. crude oil production grew by 270,000 barrels per day (bpd) in 2024 to average 13.2 million bpd,…
Trump’s Tariffs Just Torched His Own Energy Agenda
The Trump Administration insists that U.S. shale will survive lower oil prices and could work well and innovate…
Trump energy boss’s company plunging 40% is a warning for US oil production
Energy Secretary Chris Wright says Donald Trump’s administration is giving the “green light” to more US oil production,…
Russia sees stable oil exports and booming gas business by 2050
MOSCOW (Reuters) – Russia, the world’s second biggest oil exporter and the second largest natural gas producer, sees…
Energy Secretary Wright: U.S. Can Bring Iran’s Oil Exports to Zero
The United States could halt Iranian oil exports if it increases pressure on Tehran to ensure that it…
OPEC Cuts Oil Production in March, Ahead of Ramp Up Plans
The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned…
U.S. Oil Output Drops to Lowest Level in 15 Months
January U.S. crude oil production was down 305,000 barrels per day, hitting 13.15 million bpd, a level it…
OPEC+ To Increase Oil Production in May: Report
OPEC+ is expected to agree on a plan that would see production for the group increase in May,…
Peak Permian? Geology and Water Say We’re Close
After more than a decade of relentless drilling in the top U.S. oil-producing basin, the Permian, some areas…