OPEC and its allies will likely postpone the emergency meeting to April 8 or 9, sources say. A meeting of the Organization of the Petroleum…
Tag: American Oil
Massive Crash in American Oil is Approaching
Even after a 60% plunge so far this year to the lowest since 2003, prices will likely drop further to $20 a barrel or below,…
EPA Revokes Anti Oil Industry Rules?
The EPA proposed updates to the prior administration’s national standards for the oil and natural gas industry. The proposal would remove duplicative regulations and save…
Oil demand growth is set to ease due to efficiency gains and electric cars
While global oil demand growth is set to ease, in particular as China slows down, it still increases an annual average of 1.2 million barrels…
U.S. Secretary of State Mike Pompeo to Oil Industry: Toe The line
U.S. Secretary of State Mike Pompeo urged the oil industry on Tuesday to work with the Trump administration to promote U.S. foreign policy interests, especially…
BLM rakes in a record-breaking $1 billion from O&G lease sales
Acting Secretary of the Interior David Bernhardt today announced that Interior Bureau of Land Management (BLM) state offices generated $1.1 billion from oil and gas…