Baker Hughes and Cactus, a global manufacturer of pressure control equipment for oil and gas drilling, have entered a new joint venture involving Baker Hughes’ surface pressure control (SPC) product line. Cactus will own 65% of the JV, while Baker Hughes will retain a 35% stake. SourceContinue Reading

The Trump administration is moving to repeal Biden-era curbs blocking oil drilling across most of the mammoth petroleum reserve in Alaska that’s home to an estimated 8.7 billion barrels of recoverable oil. SourceContinue Reading

Oil climbed after OPEC+ increased production less than some had feared and geopolitical concerns flared in Ukraine and Iran. WTI neared $63 a barrel after the Organization of the Petroleum Exporting Countries and its allies met on Saturday. SourceContinue Reading

Crude Below $65 Squeezes U.S. Shale, Even as Drivers Celebrate | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Jun 02, 2025, 5:00 PM CDT Crude prices lingering below $65 are benefiting U.S. consumers at the pump, but they’re...Continue Reading

The U.S. Department of Energy is canceling some $3.7 billion allocated for clean energy projects under the Trump administration’s orders. Among the canceled awards was $331 million for ExxonMobil to use hydrogen at its Baytown, Texas Olefins plant. SourceContinue Reading

Why the Hydrogen Dream Remains Unfulfilled | OilPrice.com Robert Rapier Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… More Info Premium Content By Robert Rapier – Jun 02, 2025, 4:00 PM CDT President Bush’s 2003 vision for a...Continue Reading

Nigeria’s President Bola Tinubu has signed an executive order aimed at drawing investment in the oil sector by lowering project costs, while protecting government revenue as the West African nation looks to grow output. SourceContinue Reading

Iran’s Uranium Enrichment Surge Raises Alarm | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jun 02, 2025, 3:00 PM CDT The International Atomic Energy Agency reported...Continue Reading

U.S. Gas Prices Dip Ahead of Summer Driving Season | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Related News By Tom Kool – Jun 02, 2025, 2:30 PM CDT The national average price of gasoline in the United States has...Continue Reading

Potential Upside Scenarios for Copper Prices in 2026 | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Jun 02, 2025, 2:00 PM CDT Despite projected increases in...Continue Reading