On his first day in office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline and suspended new drilling permits over the next 60 days. Next week, Biden will go even further: suspending the sale of oil and gas leases on federal land, where the U.S. gets 10%...Continue Reading

U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 22, 2021, 4:30 PM CST Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United...Continue Reading

World’s Top Oilfield Services Provider Optimistic About Oil Demand | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 22, 2021, 2:30 PM CST The largest oilfield services provider, Schlumberger (NYSE: SLB), reported on Friday better-than-expected earnings for the fourth quarter and, like its rivals Halliburton...Continue Reading

Energy Shares Plunge As Oil Rally Stalls | 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 Premium Content By Tom Kool – Jan 22, 2021, 2:00 PM CST Energy shares were hit hard as the oil rally came to a halt,...Continue Reading

Oil Tumbles As Chinese COVID Cases Rise | 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 – Jan 22, 2021, 1:00 PM CST Oil prices tumbled more than 2.5 percent early on...Continue Reading

Elon Musk To Give $100 Million To ‘Best’ Carbon Capture Technology | 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 – Jan 22, 2021, 12:30 PM CST Elon Musk will be giving...Continue Reading

U.S. Rig Count Increases As Oil Rally Takes A Breather | 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 Premium Content By Julianne Geiger – Jan 22, 2021, 12:12 PM CST Baker Hughes reported on Friday that the...Continue Reading

Alberta’s Premier: Killing KeystoneXL Is Gut Punch To Canadian Economy | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Jan 22, 2021, 11:30 AM CST The Premier of Alberta has called on the...Continue Reading

Iran Begins Boosting Oil Production | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jan 22, 2021, 11:00 AM CST Iran has started ramping up its crude oil production eyeing a return to...Continue Reading

Keystone XL Developer Cuts 1,000 U.S., Canadian Jobs After Biden Nixes Oil Project | 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 – Jan 22, 2021, 10:30 AM CST TC Energy, the...Continue Reading