USA Oil and Gas Employment Set to Rebound
The total number of jobs in 2027 is expected to hit 1.09 million. Employment in the U.S. oil and gas industry is set to rebound in the coming years and Continue Reading
U.S. Allows Chevron to Maintain Venezuela Operations but Won’t Permit Drilling
Chevron has a joint venture with state-owned oil company Petróleos de Venezuela. The U.S. extended a limited license held by Chevron Corp. on Tuesday that allows the oil company to Continue Reading
Oil Falls as US to Allow Talks With Venezuela’s State Producer
Crude fell after the US government announced it plans to allow Chevron Corp. to negotiate its oil license with Venezuela’s national producer. West Texas Intermediate settled below $113 on Tuesday. Continue Reading
U.S. considering move to block Russian debt payments -Treasury
The United States is considering blocking Russia’s ability to pay its U.S. bondholders by allowing a key waiver to expire next week, a U.S. administration official said on Tuesday, which Continue Reading
API Reports Inventory Draws In Crude, Gasoline Despite SPR Release
The American Petroleum Institute (API) reported a draw this week for crude oil of 2.445 million barrels, compared to analyst predictions of a 1.533 million barrel build. The draw comes Continue Reading
USA Lease Sale Cancellation Leaves Industry in Limbo
The move leaves the industry in limbo, according to Fitch Solutions. The cancellation of lease sales 258 (Cook Inlet) and 259, 261 (Gulf of Mexico) that were planned under the Continue Reading
Texas grid operator calls for power conservation as temperatures, prices soar
The state of Texas’ power-grid operator on Friday called on residents to cut their electricity use this weekend after six generating plants fell offline in a heatwave. Record temperatures have Continue Reading
Gas prices top $4 a gallon in every U.S. state for the first time
Not too long ago in some parts of the United States, paying more than $4 for a gallon of gas was seen as a coastal problem faced by Americans in Continue Reading
High Gasoline And Diesel Prices Are Here To Stay
U.S. gasoline and diesel prices are at record highs and show no sign of falling or of denting demand. Refining capacity has shrunk dramatically since 2020 due to the covid Continue Reading
Biden administration begins easing Venezuelan oil restrictions with Chevron
Chevron waiver was due to expire June 1 Opposition leader Guaido denies involvement Republican lawmakers May 17 were quick to condemn steps the Biden administration reportedly took to ease oil Continue Reading