Energy
U.S. Oil Drillers Back Off Even As Prices Soar
The total number of active drilling rigs for oil and gas in the United States remained unchanged this week, according…
Category: Energy
Energy
Energy
Global Energy Import Dependence Set to Peak by 2034, Rystad Says
Rystad Energy’s fifth edition of its flagship annual report, Global Energy Scenarios (GES) 2026, finds that global reliance on imported…
Energy
EIA Says US Crude Inventories Down Nearly 9 Million Barrels
Crude oil inventories in the United States saw a decrease of 8.6 million barrels during the week ending October 9,…
Energy
Britain’s Biggest Business Lobby Calls for Tax Cuts and Lower Energy Bills
Britain’s biggest business lobby group has urged John Healey to cut employment taxes and energy bills in his first Budget,…
Energy
Venezuela’s Oil Recovery Gains Momentum as New Drilling Rigs Arrive
Eleven new 550-horsepower workover rigs will work in Venezuela’s oil fields this month. According to North American Blue Energy Partners…
Energy
Standard Chartered: Trump’s Russian Diesel Won’t Add New Supply
Oil prices were mixed in Thursday’s trading session, with prospects of the United States easing restrictions on Russia’s crude helping…
Energy
Exxon’s Oil Boom Could Keep Guyana’s Gas at Home
Guyana has turned into something of an oil celebrity with billions of barrels discovered by Exxon off the coast of…
Energy
Oil Market Tightens as Tanker Attacks and Inventory Draws Mount
Brent crude is once again over $106, Iran is intensifying attacks on tankers in Hormuz, and global inventories are draining,…
Energy
White House Turns to Korean War-Era Law as Diesel Prices Stay Above $6
The United States has used a 1950 authority to help boost fuel production at a small Texas refinery, Vice President…
Energy
Trump Announces $80 Billion Taiwan LNG Deal
President Donald Trump has announced a massive new energy agreement with Taiwan, claiming the island will purchase between $70 billion…