May 2, 2022
Via: Transport TopicsA new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever. But don’t count on the new production to close the oil-supply […]
April 6, 2022
Via: Transport TopicsCongressional Democrats excoriated executives from some of the world’s biggest oil companies on April 6, accusing them of exploiting the war in Ukraine and a surge in crude prices to secure windfall profits at the expense of American motorists. Oil […]
March 31, 2022
Via: The Wall Street JournalPresident Biden will tap up to 180 million barrels of government oil reserves over six months to address the rise in energy prices following Russia’s invasion of Ukraine, the White House said Thursday. The decision to release oil from the […]
July 8, 2021
Via: The Wall Street JournalThe recent bout of higher oil prices is unlikely to make much of a dent in the global recovery, according to economists who say strong growth and flush consumers in advanced economies will help the world absorb much of the […]
December 28, 2020
Via: Transport TopicsA brief rally in crude oil deflated Dec. 28 as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming new supply from OPEC+. Futures in New York were little changed in […]
November 3, 2020
Via: The Wall Street JournalA split reality is emerging for U.S. shale drillers: Those that primarily pump oil are still struggling to survive, while those that produce natural gas are slowly seeing signs of recovery. Oil-focused fracking companies are under extreme financial strain, as […]
February 29, 2024
March 7, 2024