U.s

Oil Price

White House: No Oil Producer Should Hold Back Supply As Oil Hits $90

The White House says as oil hit $90, noting that the U.S. Administration has left “all options on the table” to address high oil and gasoline prices and could…

Crude Oil

U.S. Crude Output to Rise 770,000 bpd in 202R

U.S. crude oil output is expected to rise 770,000 barrels per day to 11.97 million bpd in 2022, the government said in a monthly forecast on Tuesday.

Crude Oil

U.S. Weighs Chevron Request to Take Venezuela Oil for Debt Payments

The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt.

Crude Oil

Oil Falls on Positive Signals from U.S.-Iran Talks

Oil prices fell on Monday as signs of a progress in the U.S.-Iran nuclear talks that could lead to removal of U.S. sanctions on Iranian oil sales offset concern…

Crude Oil

Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges

Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel.

Crude Oil

U.S. Releases Another 13.4 Million Barrels From SPR

The U.S. administration has approved the release of another 13.4 million barrels of crude from the strategic petroleum reserve in a move first announced last No…

Hydrogen Project

GS E&C to Export Green Hydrogen Plant Modules to the U.S.

GS Engineering & Construction will export renewable green hydrogen plant modules to California of the United States.

Electricity Reform

Mexico's Energy Reform Strains Ties With US

Mexico's plan to favor its own state-owned electrical power plants and limit energy sales by private, foreign-built projects could affect U.S. investment in Mex…

LNG

EU’s Imports Of U.S. LNG Five Times Higher Than Russian Supply

So far this month, the European Union has received U.S. natural gas volumes five times higher than Russia’s pipeline deliveries, according to Polish outlet rp.…

Oil & Gas Trade

Korea's Imports of U.S. Crude Oil Considerably Increases Last Year

As a result, South Korea became the biggest U.S. crude oil importer in Asia last year.

Oil Exploration

Canadian Overseas Petroleum Ltd Announces Significant U.S. Discovery

In addition, COPL provides an operational update on its Barron Flats Shannon Field production.

Carbon Emissions

U.S. Emissions Jumped In 2021 As Coal Power Generation Surged

U.S. economy-wide emissions jumped last year from the low levels in 2020 due to the COVID lockdowns, largely because of soaring coal-fired power generation in A…

Crude Oil

Oil Rallies Amid Worsening Unrest In Crude Producer Kazakhstan

Oil markets shrug off dip in U.S. gasoline demand

Oil Field

ExxonMobil Announces Two New Oil Discoveries In Guyana

ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recovera…

Nuclear Power Plant

Japan's JAEA and Mitsubishi Heavy to Cooperate in U.S. Fast Reactor Project

The Japan Atomic Energy Agency and Mitsubishi Heavy Industries Ltd. will cooperate in a U.S. project to build a next-generation fast reactor, it has been learne…