US offshore drillers have shut 1 million b/d, or 53%, of Gulf of Mexico oil production and 1.2 Bcf/d, or 45%, of natural gas output as Tropical Storm Barry heads Continue Reading
Ryan Pasternak When a tropical storm is approaching, its intensity or wind speed often gets the bulk of the attention. But as Tropical Storm Barry bears down on the Gulf Continue Reading
Oil and gas companies could face greater regulatory pressure to disclose their financial risks to climate change in a Democratic administration. Senator Elizabeth Warren (D-MA) reintroduced legislation this week that Continue Reading
The United States plans to extend the lifespans of existing nuclear reactors and support new technologies as it seeks to revive an industry seen as crucial to its energy security, Continue Reading
U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure Continue Reading
Iran’s alleged attempt to disrupt the passage of a UK crude tanker through the Persian Gulf has added to fears in oil markets, boosted prices and raised insurance costs for Continue Reading
Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in Continue Reading
Oil prices spiked on Wednesday afternoon after the Energy Information Administration (EIA) reported a significant decrease in crude oil inventories in the United States, combined with the threat of oil Continue Reading
Oil demand is looking shaky , and cracks in the global economy are also a major headwind, but there is a case to be made that oil prices could rise Continue Reading
Oil prices rose 4.5% a barrel on Wednesday to their highest level in more than a month after U.S. crude inventories shrank and as major producers cut nearly a third Continue Reading
