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Facing record inflation, Biden aims at oil companies

Posted by Daniel Barton
|Date: June 12, 2022
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Facing record inflation, Biden aims at oil companies

U.S. President Joe Biden on Friday said he was working with U.S. oil companies to boost output to record ...

U.S. President Joe Biden on Friday said he was working with U.S. oil companies to boost output to record levels next year, while accusing the industry of capitalizing on a supply shortage to fatten pr ...

June 12, 2022
| by Daniel Barton

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U.S. drillers add oil and gas rigs for ninth week in a row

Posted by Daniel Barton
|Date: May 20, 2022
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U.S. drillers add oil and gas rigs for ninth week in a row

U.S. energy firms this week added oil and natural gas rigs for a ninth week in a row, data showed on Frid ...

U.S. energy firms this week added oil and natural gas rigs for a ninth week in a row, data showed on Friday, as mostly small producers respond to high prices and prodding by the government to ramp up ...

May 20, 2022
| by Daniel Barton

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Exxon faces new pressure over dealings with Russia’s Rosneft

Posted by Daniel Barton
|Date: February 28, 2022
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Exxon faces new pressure over dealings with Russia’s Rosneft

Exxon Mobil likely will face new pressure to severe ties with Russia’s largest oil producer, said analyst ...

Exxon Mobil likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake. Russia’s attack on Ukraine has unleashed br ...

February 28, 2022
| by Daniel Barton

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U.S. drillers add oil and gas rigs for fifth week in a row

Posted by Daniel Barton
|Date: February 07, 2022
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U.S. drillers add oil and gas rigs for fifth week in a row

U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row for the first time s ...

U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row for the first time since November as crude prices extended their rally to a seventh week to levels not seen since 2 ...

February 07, 2022
| by Daniel Barton

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Top U.S. oil firms crank up shale output after cashing gains

Posted by Daniel Barton
|Date: October 31, 2021
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Top U.S. oil firms crank up shale output after cashing gains

Marcellus shale gas drilling rig Exxon Mobil Corp. and Chevron Corp. on Friday disclosed plans to expand ...

Marcellus shale gas drilling rig Exxon Mobil Corp. and Chevron Corp. on Friday disclosed plans to expand drilling in the top U.S. shale basin after posting their biggest quarterly profits in years. La ...

October 31, 2021
| by Daniel Barton

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Oil up on escalating US-Iran tensions, but trade war worries cap gains

Posted by Daniel Barton
|Date: May 21, 2019
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Oil up on escalating US-Iran tensions, but trade war worries cap gains

Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that producer club OPEC ...

Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year. But gains were checked by concerns that a prolonge ...

May 21, 2019
| by Daniel Barton

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U.S. oil drillers cut rigs to lowest count since March 2018

Posted by Daniel Barton
|Date: May 19, 2019
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U.S. oil drillers cut rigs to lowest count since March 2018

U.S. energy firms this week reduced the number of oil rigs operating for the second week in a row, with t ...

U.S. energy firms this week reduced the number of oil rigs operating for the second week in a row, with the rig count at its lowest since March 2018, as some drillers follow through on plans to cut sp ...

May 19, 2019
| by Daniel Barton

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US crude slips 11 cents, settling at $62.76, but posts 1.8% weekly gain on Mideast tensions

Posted by Daniel Barton
|Date: May 17, 2019
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US crude slips 11 cents, settling at $62.76, but posts 1.8% weekly gain on Mideast tensions

Oil prices slipped on Friday, but both benchmarks posted a weekly gain on rising concerns over further Mi ...

Oil prices slipped on Friday, but both benchmarks posted a weekly gain on rising concerns over further Middle East supply disruptions due to U.S.-Iran political tensions. A deputy head of Iran’s elite ...

May 17, 2019
| by Daniel Barton

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Oil falls on U.S. inventories rise, Middle East tensions cap losses

Posted by Daniel Barton
|Date: May 16, 2019
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Oil falls on U.S. inventories rise, Middle East tensions cap losses

Oil prices rose on Thursday for the third day in a row as fears of supply disruptions amid heightened ten ...

Oil prices rose on Thursday for the third day in a row as fears of supply disruptions amid heightened tensions in the Middle East overshadowed swelling U.S. crude inventories. U.S. West Texas Intermed ...

May 16, 2019
| by Daniel Barton

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Oil prices rise after Middle East tanker attacks

Posted by Daniel Barton
|Date: May 13, 2019
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Oil prices rise after Middle East tanker attacks

NEW YORK, May 13 (Reuters) – Oil prices rose more than 1% on Monday, lifted by growing concern over suppl ...

NEW YORK, May 13 (Reuters) – Oil prices rose more than 1% on Monday, lifted by growing concern over supply disruptions in the Middle East even as a standoff in the Sino-U.S. trade talks prompted inves ...

May 13, 2019
| by Daniel Barton

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