US Crude Production Largely Steady on the Month in March, EIA Says
(Reuters) – U.S. crude production was largely steady in March at 13.7 million barrels per day, according to the Energy Information Administration on Friday. Crude production in Texas fell to…
US Drillers Add Oil, Natural Gas Rigs for Sixth Straight Week, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a sixth straight week, for the first time since May 2022, energy services firm Baker Hughes…
Record-Low U.S. Shale Well Backlog Curbs Fast Output Gains Amid Export Surge
(Reuters) – U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move quickly to boost crude output and replace rapidly depleted oil inventories…
Political Understanding Between Iran and US Not Yet Finalised, Iranian Source Says
(Reuters) – A political understanding has been reached between Iran and the United States over the Iran war, but it has not yet been finalised, a senior Iranian source told…
How Far Have the U.S. and Iran Got Towards Ending the Iran War?
Get the Latest US Focused Energy News Delivered to You! It’s FREE: The United States and Iran have reached an agreement to extend a ceasefire, allow shipping through the Strait…
Oil Prices Fall as Market Awaits Possible US-Iran Ceasefire Deal
Summary Brent and WTI register steepest weekly losses since April U.S.-Iran ceasefire deal not finalised U.S. crude, gasoline and distillate stockpiles fell last week, EIA reports (Reuters) – Oil futures…
Fed’s Schmid Warns Against Viewing Oil Shock as Transitory
Federal Reserve Bank of Kansas City President Jeffrey Schmid said on Friday that already-hot levels of inflation make it harder to assume the current energy shock will have only a…
District Court Denies California Parks Department Bid to Stop Sable Offshore Pipeline
NEW YORK, May 28 (Reuters) – A U.S. District Court on Thursday denied the California Department of Parks and Recreation’s bid to stop oil producer Sable Offshore Corp (SOC.N) from…
US Imposes Fresh Sanctions on Iran’s Military Oil Sales, Treasury Says
The U.S. said on Thursday it has imposed new sanctions on Iran’s military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift…
US Distillate Inventories Sink to 23-Year Low
U.S. distillate fuel oil inventories fell to a 23-year low last week, the Energy Information Administration said on Thursday, as the Iran war continues to choke global fuel supplies and…
