The Biden administration’s plan to crack down on smog in the oil-rich Permian Basin threatens to curb crude production while gasoline prices are near record highs and energy scarcity grips the globe, the industry warned Thursday. SourceContinue Reading

U.S. Military Warns Against Sending Pelosi To Taiwan | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Related News By ZeroHedge – Jul 21, 2022, 11:30 AM CDT President Biden issued some surprise comments weighing in on House Speaker Nancy Pelosi’s upcoming Taiwan trip, telling reporters Wednesday that...Continue Reading

WTI Dips Back Below $100 | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jul 21, 2022, 11:00 AM CDT The price of WTI continued to slide on Thursday after Wednesday’s EIA...Continue Reading

Halliburton Warns Significant Frack Growth May Be Impossible This Year | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 21, 2022, 11:00 AM CDT After years of divestment, oilfield equipment supply is running especially low. Halliburton’s CEO Jeff Miller is warning that...Continue Reading

TotalEnergies, as operator, announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design sudies for the Papua LNG project’s upstream production facilities. SourceContinue Reading

Top U.S. Refiners Set For 652% Surge In Profits | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jul 21, 2022, 10:30 AM CDT All refiners and all integrated oil and gas companies are set for a windfall of profits. Extraordinary refining margins have boosted profitability....Continue Reading

ConocoPhillips Considers Exiting U.S. Gulf Of Mexico | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jul 21, 2022, 10:30 AM CDT ConocoPhillips is considering a potential sale of its minority...Continue Reading

Novak: Russia Will Not Export Oil If Price Cap Is Below Production Cost | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jul 21, 2022, 10:00 AM CDT Novak: Russia will...Continue Reading

U.S. Hopes For Price Cap On Russian Oil By Year-End | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jul 21, 2022, 9:00 AM CDT The United States hopes that there...Continue Reading

Oil majors that want to reduce their carbon footprint will have to shift their activities to energy basins where drilling rigs can be powered by renewables and which have ample space for carbon sequestration, a report indicates. SourceContinue Reading