US Drillers Cut Oil and Gas Rigs For First Time in Six Weeks, Says Baker Hughes
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks, energy services firm Baker Hughes said…
Cheniere Gets $370 Million ‘Alternative Fuel’ Tax Break From Trump’s IRS
By WASHINGTON, Feb 27 (Reuters) – Cheniere Energy Inc (LNG.N) disclosed this week that it got a $370 million tax break from the Trump administration for burning liquefied natural gas…
US Oil Output Fell in December to Lowest Since June 2025, EIA Says
NEW YORK, Feb 27 (Reuters) – U.S. oil production fell for the second consecutive month in December to its lowest level since June last year, while demand reached a multi-month…
Oil Prices Rise More Than 2% as US and Iran Extend Talks
By US-Iran talks end with no deal but signs of progress Technical discussions scheduled for Vienna next week Brent and WTI benchmarks trade at multi-month highs UAE, Saudi to increase…
US Oil Output Fell in December to Lowest Since June 2025, EIA Says
(Reuters) – U.S. oil production fell for the second consecutive month in December to its lowest level since June last year, while demand reached a multi-month high, the Energy Information…
Judge Says He Will Order Greenpeace to Pay an Expected $345 Million in Dakota Access Oil Pipeline Protest Case
By Leaders and attorneys for several Greenpeace entities listen to a reporter’s question after a jury’s verdict at the Morton County Courthouse in Mandan, N.D., Wednesday, March 19, 2025. (AP…
US Takes Step to Solidify Rules on Nuclear Fusion Energy
Summary Companies Fusion backers hope to generate power in 2030s Technology would produce nuclear power without long-lived radioactive waste US regulator publishes draft rule on fusion energy WASHINGTON, Feb 26…
OIL IN 2026 – Analysts Hike Oil Outlook on Geopolitical Risks, Oversupply Concerns Limit Upside
Summary Brent projected to average $63.85 per barrel in 2026 WTI projected to average $60.38 per barrel in 2026 For table of crude price forecasts, click (Reuters) – Supply risks…
Oil Prices Rise 2% as US and Iran Extend Talks into Next Week
Summary US-Iran talks end with no deal but signs of progress Technical discussions scheduled for Vienna next week OPEC+ to consider oil output increase for April, sources say Oil prices…
Oil Sales Under US-Venezuela Deal to Reach $2 billion by End of February, Sec Wright Says
Sales under a flagship oil supply agreement between Venezuela and the U.S. are expected to reach $2 billion by the end of this month, U.S. Secretary of Energy Chris Wright…
