The rate of US growth picked up steam but wage growth undershot estimates, underscoring the economy’s recent patchy performance. Gross domestic product climbed at an annualised rate of 2.6 per Continue Reading
The number of active oil rigs in the United States rose this week by 2 rigs showing a growth—albeit a slower one—in oil drilling as US players proceed more cautiously Continue Reading
Total US petroleum deliveries reached an average of more than 20.3 million b/d in June—their highest level for the month since 2007 and a 2.6% increase from June 2016, the Continue Reading
Pennsylvania’s Senate approved a tax reform bill with provisions to tax both natural gas production and consumption in the state. Oil and gas trade associations there strongly criticized the July Continue Reading
Crude oil production in the U.S. will reach an average of 9.9 million barrels a day in 2018, the Energy Information Administration projects in its latest Short-Term Energy Outlook report. Continue Reading
The Trump administration may have to reconsider its proposal from earlier this month to curb biofuel use after a U.S. appeals court in Washington ruled that the Environmental Protection Agency doesn’t have Continue Reading
Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting Continue Reading
Exxon Mobil Corp (XOM.N) posted a rare earnings miss on Friday, the only international oil producer to do so last quarter, as production slipped in its African and Canadian operations. Continue Reading
The Vatican says it is shutting off all its fountains, including those in St. Peter’s Square, because of Italy’s drought. Vatican Radio on Monday said the decision is linked with Continue Reading
With its drilling rig on site, a British shale gas explorer said it expects to address offshore production declines with onshore operations by year’s end. Cuadrilla Resources said the drilling Continue Reading
