Mapped: U.S. Oil Production by State – Visual Capitalist
By | Graphics/Design: Key Takeaways New Mexico doubled oil production from 2019 to 2024, reaching over 2M barrels/day. Texas remains the top oil-producing state with 5.7M barrels/day, leading the Permian…
US Judge Blocks Michigan From Enforcing Order to Shut Down Enbridge’s Line 5 Oil Pipeline
(Reuters) – A U.S. judge on Wednesday blocked Michigan from enforcing a 2020 order to shut down Enbridge’s Line 5 oil pipeline running beneath a channel linking two of the…
US Crude Stocks Fall, Fuel Inventories Fall on Robust Refining Activity, EIA Says
(Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week as refining activity climbed, the Energy Information Administration said on Wednesday. Crude inventories dropped by 1.3…
US Readies New Russia Sanctions if Putin Rejects Peace Deal, Bloomberg News Reports
The United States is preparing a further round of sanctions on Russia’s energy sector to increase the pressure on Moscow should President Vladimir Putin reject a peace deal with Ukraine,…
Oil Jumps 2% as Trump’s Venezuela Blockade Stokes Uncertainty
Summary Trump blockade on sanctioned tankers entering and leaving Venezuela Uncertainty around implementation of Trump’s blockade US crude stocks fell 9.3 million bbls last week: API (Reuters) – Oil prices…
Ford to Take $19.5 Billion in Charges Tied to Sweeping EV Unwind
Automaker is cancelling a planned electric F-Series truck and shifting production toward gas and hybrid vehicles By Keith Naughton and Gabrielle Coppola Ford Motor Co. will take $19.5 billion in…
Why is the Trump Administration Putting Pressure on Venezuela?
US President Donald Trump Below is a look at the mix of issues that appear to be contributing to the pressure campaign. DRUGS The Trump administration informed Congress in October…
US Investor Group Kimmeridge Offers $6 Billion for Gas Driller Ascent Resources, FT Reports
“Our view is that this is a significant premium versus the valuation proposed in the continuation funds,” U.S.-based Kimmeridge’s managing partner Ben Dell told the newspaper. Get the Latest US…
COMMENTARY: Global Coal Exports Post Rare Decline in 2025 on China Cuts
By LITTLETON, Colorado, Dec 16 (Reuters) – Global shipments of thermal coal – burned in power stations – have posted their first annual decline since 2020 on the back of…
Shell Greenlights US Gulf Waterflood Project to Boost Oil Recovery
LONDON, Dec 16 (Reuters) – Oil major Shell (SHEL.L) has taken a final investment decision on a waterflood project at its Kaikias field in the U.S. Gulf of Mexico, aiming…
