US Drillers Cut Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes said…
US Oil Production Hit Record High in June, EIA Says
(Reuters) – U.S. crude oil production hit a record high in June, the Energy Information Administration said on Friday, rising 133,000 barrels per day to 13.58 million bpd. Product supplied…
Venture Global May Soon Produce LNG From All blocks at Plaquemines, Filings Show
The Louisiana complex has 18 blocks, each comprising two plants that are also called trains. It had initially skipped starting up at Block 15 after receiving permission to begin output…
Oil Prices Fall With Expected Low Demand, Upcoming Supply Boost
By OPEC+ supply increase expected to arrive in autumn Lackluster US demand expected as summer driving season ends Uncertainty over Russian supply impacts market sentiment Russian oil exports to India…
US Drillers Cut Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes said in its…
Venezuela Tensions Rise as US Warships Arrive in Southern Caribbean
US Warship Tensions between the United States and Venezuela are rising amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S. officials say aims to…
Oil Faces Uphill Struggle as Supply Glut Worries Mount
Summary Quick Russia-Ukraine ceasefire deal very unlikely, analysts say Global oil demand seen growing between 0.5-1.1 mbpd in 2025 (Reuters) – Oil prices are unlikely to gain much traction from…
Oil Prices Fall on Expected Weaker Demand, but set for Weekly Gain
OPEC+ meeting in focus Uncertainty over Russian supply impacts market sentiment Russian oil exports to India set to rise despite US pressure (Reuters) – Oil prices fell on Friday, but…
US Energy Data Agency, After Staff Cuts, Delays Reports on Uranium, International Outlook
The EIA did not respond to questions about whether the staff cuts were the cause of the delays. Get the Latest US Focused Energy News Delivered to You! It’s FREE:…
Exxon Sees Natural Gas Demand Surging in Outlook to 2050
The projections provide the basis for the top U.S. oil producer’s long-term strategy and investment. Exxon has ambitious growth plans compared to other global oil players, with a target to…
