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HOUSTON, Oct 31 (Reuters) – U.S. oil output climbed to nearly 12 million barrels per day (bpd) in August, government figures showed on Monday, the highest since the onset of the COVID-19 pandemic, even as shale companies have said they do not see production accelerating in coming months. U.S. crude prices have hovered around $85 […]

Comment on this story Comment Good morning and welcome to The Climate 202! Our colleague Brady Dennis will moderate two conversations today at 11 a.m. ET with Jigar Shah, director of the Energy Department’s Loan Programs Office, and Liane Randolph, chair of the California Air . . .

Dollar weakens on hopes Fed will relent on big rate hikes U.S. crude exports surge to record, inventories rise Western officials finalising Russia oil-price cap plan LONDON, Oct 27 (Reuters . . .

U.S. business activity weakens in October -S&P Global survey U.S. dollar index edges down in early trade China’s Sept crude oil imports fall Oct 25 (Reuters) – Oil prices edged . . .

U.S. business activity weakens again in October -S&P Global NEW YORK, Oct 24 (Reuters) – Oil edged up in choppy trade on Monday, as weakening U.S. business activity data eased expectations for more aggressive interest rate hikes, while data showing demand from China remained lacklustre in September limited prices.

Oct 21 (Reuters) – U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden’s offer to stock the U.S. emergency oil reserve at prices around $72 a barrel, to give producers an incentive to drill more. The result: nearly 80% of respondents said they did […]

A 12-count indictment was unsealed today in federal court in Brooklyn, New York charging five Russian nationals, Yury Orekhov, Artem Uss, Svetlana Kuzurgasheva, also known as “Lana Neumann,” Timofey Telegin and Sergey Tulyakov with various charges related to a global procurement, smuggling and money laundering network.  Also charged were Juan Fernando Serrano Ponce, also known […]

Biden set to release 15 million barrels from U.S. oil reserve: CBS News Flash Oct. 19, 2022 – CBS News Watch CBS News President Biden is expected to announce a release of 15 million more barrels of oil from the U.S. strategic reserve in response to recent cuts from OPEC+ nations. Nestle is recalling some […]

By Jarrett Renshaw, Timothy Gardner, and Laura Sanicola WASHINGTON (Reuters)—The Biden administration plans to sell more oil from the U.S. Strategic Petroleum Reserve in a bid to dampen fuel prices before next month’s congressional elections, according to three sources familiar with the matter. The administration is also expected to release further details on timing for […]

Oct 18 (Reuters) – Oilfield service firms are poised to deliver the strongest third quarter results in years as demand for equipment and services has risen despite supply chain snags and higher costs from inflation, according to analyst forecasts. Schlumberger

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