The Biden administration asked Saudi Arabia – the oil producer group OPEC’s de-facto leader – to wait for a month before it cuts oil production. This delay in the supply reduction could...
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Despite calls from the United States to pump more oil to help the worldwide economy, some of the world’s most powerful producers of oil agreed to impose deep oil production output cuts. OPEC+,...
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The Permian Basin, which spans eastern New Mexico and western Texas, is an oil and gas producing area and represents the most productive oil production region in the U.S. Encompassing about 250 miles...
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OPEC+ members approved of a paltry raise in oil output on Wednesday, August 3. This happened only 2 weeks after President Joe Biden’s trip to Saudi Arabia to lobby that...
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Major investors are reconsidering oil and gas investments and are rekindling their interest in energy. For years, pension funds, endowments, as well as other institutional investors have given the oil and...
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The prices of oil rose above 2 percent on July 1 as projected shutdowns in Norway and supply outages in Libya offset expectations that a downturn in the economy may dent demand. Brent crude futures...
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Today, drivers are in for an excruciating experience every time they fill up their gas tanks. As of this writing, the average for regular gasoline prices is at a record...
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As we look forward to the 4th of July, it is imperative to realize that investing in America's energy independence & development has never been more important. American Independence in Uncertain Times In...
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Once more, oil prices are rising, driving up inflation and casting a shadow over the global economy. This renewed anxieties over worldwide supply shortages. The U.S. Energy Information Administration revises its oil price...
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Compared to the energy shocks during the year 1970, the world is less dependent on oil today. However, the Russia-Ukraine war is stark evidence that the world economy is largely...
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