Exxon May Acquire Rights to Produce Oil in Venezuela, NYT Reports
May 21 (Reuters) – U.S. oil major Exxon Mobil (XOM.N) is in talks to acquire rights to produce oil in Venezuela nearly two decades after it was effectively expelled from…
Americans Brace for Pricey Summer Travel With Fuel Costs Near Multi-Year Highs
By Automobile association expects record 39.1 million to travel by car this weekend Gasoline prices surge due to Iran conflict; Strait of Hormuz closure impacts supply Analysts warn that low…
US Keeps Dakota Access Pipeline Open With Tighter Environmental Checks
Army Corps mandates stricter safety, monitoring for Dakota Access pipeline Conditions include enhanced leak detection, water monitoring systems, independent review of pipeline leak No new pipeline segments authorized HOUSTON, May…
US Natural Gas Storage Capacity Rises in 2025, Says EIA
(Reuters) – U.S. underground natural gas storage capacity of the 375 active storage fields in the Lower 48 states increased in 2025, according to an annual report by the U.S.…
Inside the Unraveling of U.S. Diplomacy Under Trump
(Reuters) – When Donald Trump warned Iran on April 7 that “a whole civilization will die tonight,” a European diplomat in Washington said his government wanted an urgent answer to…
ConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls Short
By The head of ConocoPhillips said Venezuela’s initial steps to attract foreign oil companies that could help revive the nation’s production are falling well short of what’s needed to convince…
US Energy Storage Additions Hit a First-Quarter Record, Report Shows
(Reuters) – U.S. energy storage developers installed 9.7 gigawatt-hours of new capacity in the first quarter of 2026, marking a record high for the quarter, an industry report showed on…
Devon Snaps Up Prime Delaware Basin Acreage for $2.6 Billion after Coterra Merger
(Reuters) – Shale producer Devon Energy on Thursday said it has acquired 16,300 net undeveloped acres in the core of the Delaware Basin in New Mexico for about $2.6 billion through…
Oil Market Clock is Ticking as Supply Crunch Looms: Bousso
The oil industry has shown remarkable resilience in the face of the largest energy supply shock in modern history, pulling multiple levers to cushion the blow of the Iran war.…
US Oil and Gas Auction for New Mexico Leases Draws Record $4 Billion in Bids
A Trump administration sale of oil and gas drilling rights on federal lands in New Mexico and Texas generated $4 billion in winning bids, the Interior Department said on Wednesday.…
