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Tag: crude prices


Energy, Industry Focus Areas

Gulf of Mexico Oil Drilling Makes Too-Little, Too-Late Comeback

May 2, 2022

Via: Transport Topics

A 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 […]


Energy, Industry Focus Areas

Dems Accuse Oil Execs of Profiteering as War Strains Supplies

April 6, 2022

Via: Transport Topics

Congressional 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 […]


Energy, Industry Focus Areas

Biden to Tap Strategic Oil Reserves, as Crude Prices Drop

March 31, 2022

Via: The Wall Street Journal

President 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 […]


Energy, Industry Focus Areas

Why Rising Oil Prices Are Unlikely to Kill the Economic Recovery

July 8, 2021

Via: The Wall Street Journal

The 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 […]


Energy, Industry Focus Areas

Oil’s Brief Rally Fades With Supply Risks Countering Stimulus

December 28, 2020

Via: Transport Topics

A 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 […]


Energy, Industry Focus Areas

Natural-Gas Drillers Outshine Oil Peers as Covid-19 Surges

November 3, 2020

Via: The Wall Street Journal

A 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 […]