COMMENTARY: Big Oil Won’t Keep Beating the Crude Market
By John D. Rockefeller, the godfather of the modern oil industry, called his tactic of purposely crashing oil prices and sending the stocks of his rivals into a tailspin “a…
Venezuela Oil Output to Jump 50% Over Next Decade, Enverus Says
By Venezuela’s return to growth in the global oil market following the US capture of long-time leader Nicolas Maduro is forecast to boost crude output by roughly 50% over the…
US Court to Weigh New York Project Challenge to Trump Offshore Wind Halt
(Reuters) – A U.S. judge on Wednesday will consider whether to allow Norwegian offshore wind developer Equinor to resume construction of the Empire Wind project off the coast of New…
Data Centers to Drive Strongest Four-Year Growth in US Power Demand Since 2000, EIA Says
Data Center The U.S. Energy Information Administration forecasts U.S. electricity use to rise by 1% this year and 3% in 2027, marking the first time since 2007 that power demand…
Oil Climbs on Concerns Over Potential Supply Disruption in Iran Amid Threats
Summary Iran protests raise supply disruption fears, geopolitical risks Venezuela resumes oil exports amid US embargo reversal US crude stocks rise, API says, indicating looser supply-demand balance LONDON, Jan 14…
US Files for Warrants to Seize Dozens More Venezuela-Linked Oil Tankers
Summary US has seized five sanctioned vessels as it keeps grip on Venezuelan exports More seizures could come, but action paused since Friday Russia, which relies on shadow fleet, has…
US Crude Output to Ease in 2026, While Demand Remains Flat, Says EIA Data
(Reuters) – U.S. crude production will ease in 2026 and 2027 after reaching a record high in 2025, while petroleum demand will hold steady this year, the U.S. Energy Information…
US Oil Drilling to Slow as Prices Slump, Venezuela Growth Could Amplify Pressure, EIA Says
(Reuters) – Lower oil prices are expected to cut U.S. drilling activity and reduce output 1% this year from the top producing country, while potentially higher output from Venezuela could…
Canadian Oil Tycoon Proposes Aiding US in Venezuela’s Oil Revival
A Canadian tycoon who heads one of North America’s fastest-growing oil companies is advocating for his country to lend its heavy oil expertise to the United States as it seeks…
Whiting Refinery Workers Begin Contract Negotiations With BP
Workers at BP’s refinery in Whiting, Indiana are in contract negotiations with the British oil major, which has proposed changes including job cuts at the 440,000-barrel-per-day facility, the United Steelworkers…
