Oil
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(Bloomberg) — Asian stocks followed gains on Wall Street after better-than-expected US payrolls data on Friday. Oil fell as Israel said it would pull some troops out from Gaza. Most Read from Bloomberg Benchmark equity indexes rose in Japan, Australia and South Korea. They dropped in Hong Kong and mainland China with sentiment damped by […]
Facing a mid-April deadline to decide whether to extend a temporary suspension of sanctions it granted Venezuela last fall, the Biden administration is considering ways to impose new limits on oil sales by the government of President Nicolás Maduro without increasing the number of Venezuelan migrants, raising U.S. gas prices or . . .
Oil and gas companies will need to stem the release of methane, a potent greenhouse gas, from their drilling operations on federal and tribal lands under a highly anticipated rule the Biden administration finalized Wednesday. The rule from the Bureau of Land Management, an arm of the Interior Department, builds on the Biden . . […]
Angle down icon An icon in the shape of an angle pointing down. A plume of smoke rising after Russian shells hit an oil refinery in Lysychansk in the Luhansk Oblast, Ukraine, in May 2022. Getty Images Ukraine targeted two Russian oil refineries on Friday night. The US had warned against such attacks due to […]
The Biden Administration aims to have crude in the Strategic Petroleum Reserve (SPR) back up to the levels before the massive sales of 180 million barrels in the past two years, U.S. Energy Secretary Jennifer Granholm said at the CERAWeek energy conference in Houston. The U.S. saw the stockpiles of crude oil in the SPR fall […]
US Coast Guard The source of the oil isn’t immediately clear, according to the US Coast Guard. CNN — The oil sheen spotted in the Southern California waters of Huntington Beach appeared to be gone Saturday as crews worked to clean up tar that washed ashore, officials said. Officials conducting a helicopter flyover Saturday morning […]
By Myra P. Saefong Survey shows February OPEC+ compliance rate of 97.8% with voluntary output cuts Oil futures declined on Friday, contributing to an overall loss for the week, as downward revisions to previous U.S. monthly jobs data raised concerns over the strength of the economy, and demand for oil. Price . . .
A missile attack by Yemen’s Houthi rebels on a commercial ship in the Gulf of Aden killed at least two people on Wednesday and forced the rest of the crew to abandon the vessel, according to U.S. officials. The attack came a day after a U.S. Navy destroyer shot down drones and a missile launched toward the […]
US military says Iran-aligned group is being reckless with attacks on shipping in the Red Sea off Yemen’s shores. The United States military has warned of an “environmental disaster” after an attack by Yemen’s Houthi rebels on a cargo ship caused an oil slick in the Red Sea. The Iran-aligned group hit the United Kingdom-owned, […]
(The Center Square) – Domestic oil production in the U.S. reached a new record in November of 2023, hitting 13.31 million barrels per day, according to data from the U.S. Energy Information Administration. The previous record was 13.25 million barrels per day. That was set in September 2023. Production of crude oil in the U.S. […]