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Us oil
Crude Oil
WoodMac Deems Recent US Oil Find as Gulf of America’s Biggest Discovery in Eight Years
Talos Energy has announced a significant oil discovery at the Daenerys prospect in the Walker Ridge area of the Gulf of America, marking a notable achievement i…
Oil Price
US Oil Prices Drop More Than $1 as Inventory Build Raises Oversupply Fear
U.S. crude futures dropped more than $1 in early trading on Thursday after unexpected data showed an increase in U.S. crude oil inventories, sparking concerns a…
Coal Production
House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands
On Tuesday, the House Natural Resources Committee will review proposed changes to U.S. oil and gas drilling programs as part of a budget reconciliation bill. Th…
Renewable Diesel
US Oil, Biofuel Group Recommends 5.25 Billion Gallons in Biomass Diesel Mandates, Sources Say
A U.S. coalition involving biofuel and petroleum groups has recommended that the Environmental Protection Agency (EPA) set the 2026 biomass-based diesel blendin…
Crude Oil
Trump Says He’ll Fill US Strategic Oil Reserve ‘Right to the Top’
President Donald Trump said he plans to fill the US’s strategic oil reserve right to the top after it reached lows not seen since the 1980s under Presiden…
Crude Oil
Akakus Company Records Highest Crude Oil Production Rate in Seven Years.
Akakus Oil Company recorded yesterday the highest crude oil production rate, which it has not recorded in seven years, as its production reached 306,000 barrels…
Oil Pipeline
Enbridge Preps Pipeline Buildout for Trump-Driven Drilling Boom
Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling …
Oil & Gas Supply
OPEC+ Wary of Rise in US Oil Output Under Trump
Opec+ members are contemplating a renewed rise in US oil output when Donald Trump returns to the White House, delegates from the group said.More US oil would fu…
Oil Exploration
Kosmos Energy Confirms Takeover Talks With Tullow Oil
US oil and gas player Kosmos Energy has confirmed that it is in preliminary discussions to take over the UK-based independent exploration firm Tullow Oil.Both c…
Oil & Gas Trade
Nigeria’s Dangote Plant Buys US Oil for First Time in 3 Months
Nigeria’s giant Dangote refinery purchased its first shipment of US oil after a hiatus of three months as the site continues to ramp up production.The pla…
Oil & Gas Trade
Exxon, Chevron Top Q3 Profit Expectations As Us Oil Output Hits Record High
U.S. oil producers Exxon Mobil and Chevron posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record U.S. oil …
Crude Oil
US Oil/gas Rig Count Steady This Week, Pennsylvania Falls To 17-year Low, Baker Hughes Says
U.S. energy firms kept the number of oil and natural gas rigs unchanged this week, with the count falling to a 17-year low in Pennsylvania, energy services firm…
Oil & Gas Trade
Quantum Capital to Acquire Caerus Oil and Gas Assets for $1.8 Bln
U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo Purchase Licensing RightsQua…
Crude Oil
EIA Sees Tighter US Oil Market for 2024, Lowers Price Outlook
Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB…
Oil&Gas Drilling
US Oil/Gas Rig Count Rises in July in Biggest Monthly Hike Since Nov 2022 - Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a second week in a row, boosting the monthly count by the most since November 2022, energy servic…
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