Nearly 20 states have raised gas taxes or recalculated gas-tax formulas in recent years to generate additional revenues. Which, of course, is an extremely politically expedient way to raise taxes Continue Reading
ExxonMobil is expecting stronger production growth over the next few years as the world’s largest listed oil company steps up investment in its US shale reserves. Exxon projected its output Continue Reading
Exxon Mobil Corp. on Wednesday outlined an ambitious plan to turn to prolific U.S. shale basins for growth, showcasing how the oil giant now sees American production as a key Continue Reading
Despite general White House support for the oil and gas sector, a trade group said more than 90 percent of the reserves offshore remain off limits to producers. In his Continue Reading
Federal scientists forecast that Oklahoma will continue to have the nation’s biggest man-made earthquake problem this year but it probably won’t be as shaky as recent years. In its annual Continue Reading
U.S. President Donald Trump is likely to sign an executive order next week that lifts a ban on new federal coal mining leases and starts the process of killing other Continue Reading
Italian energy company Eni said it managed to turn a corner after trimming investments last year to turn in its first quarterly profit in more than a year. “The 2016 Continue Reading
In the wake of the expected growth trends set out by its energy outlook, BP plc revealed in its latest strategy update that it anticipates production to increase by an Continue Reading
U.S. crude lost more ground on Wednesday on rising U.S. oil output, although OPEC production cuts continued to offer support. A decline in U.S. gasoline futures on Tuesday also pressured Continue Reading
Crude prices pared losses but remained within their recent narrow trading band Tuesday as high levels of oil inventories in the U.S. continued to weigh on the market. U.S. crude Continue Reading
