Oil
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OPEC is facing growing challenges in its efforts to boost oil prices amid record output outside the alliance, particularly in the U.S., raising questions about how long the alliance can maintain its deep production cuts. OPEC and its allies, OPEC+, failed to reach a unanimous agreement Thursday on cuts, even after delaying the meeting by […]
U.S. Secretary of Energy Jennifer Granholm, flanked by U.S. Rep. Garret Graves (LA-06), U.S. Rep. Troy Carter (LA-02) and Governor of Louisiana John Bel Edwards, speaks during a news conference at the Strategic Petroleum Reserve site at Bayou Choctaw, Louisiana, U.S. May 24, 2022. REUTERS/Jonathan Bachman/File Photo
American oil fields are gushing again. Only three years after U.S. oil production collapsed during the pandemic, energy companies are cranking out a record 13.2 million barrels a day, more than Russia or Saudi Arabia. The flow of oil has grown by roughly 800,000 barrels a day since early 2022 and analysts expect the industry […]
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A work brigade sponsored by Venezuelan state-run oil company PDVSA, which critics blame for the oil spills, use shovels and rakes to remove congealed petroleum from a Lake Maracaibo beach. John Otis for NPR hide caption toggle caption John Otis for NPR A work brigade sponsored by Venezuelan state-run oil company PDVSA, which critics blame […]
An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023. REUTERS/Turar Kazangapov/File Photo Acquire Licensing Rights
A general view of the Phillips 66 Company’s Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/File Photo
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights BENGALURU, Nov 28 (Reuters) – Indian . . .
The U.S. Coast Guard is currently supervising efforts to limit an oil discharge near a pipeline system owned by Main Pass Oil Gathering (MPOG) in Plaquemines Parish, southeast of New Orleans. The cause of the incident is currently under investigation, and the volume of oil discharged is unknown. The Unified Command is collaborating with federal, […]
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant/File Photo Acquire Licensing Rights