Trump Trolls UN Climate Summit With Event Promoting Oil, Coal
KATOWICE, POLAND — The Trump administration held an event at the United Nations “COP 24” climate summit to promote the continued use of...
Energy
United States Is Now World’s Largest Oil and Gas Producer
The United States exported more crude oil than it imported last week, for the first time since 1943. ...
Read moreQatar to Leave OPEC Cartel After Almost 60 Years
The statement from Qatar’s energy minister on Monday caught many by surprise: His country will withdraw from the OPEC cartel effective January 1,...
Read moreOPEC Impotent, Thanks to Saudi-orchestrated Killing
OPEC's influence in the global oil markets continues to fade. ...
Read moreOPEC: Do “Whatever it Takes” to Balance Oil Market
OPEC members said they would do whatever it takes to balance the oil market in the face of increasing U.S. production. ...
Read moreOil Prices Below $60; Some Say They Could Drop to $40
As world oil demand slows, U.S. producers are still pumping oil, which will likely cause prices to continue to drop. ...
Read moreU.S. Officially the World’s Largest Crude Oil Producer
Increasing production from the U.S. oil patch is having global ramifications. ...
Read morePossible Release of Some U.S. Strategic Petroleum Reserves Sends Oil Prices Down
As several oil disruptions around the world are occurring, OPEC is close to maxing out its production, so prices have risen, but Trump...
Read moreEIA: U.S. Shortly to Become “the World’s Leading Producer of Crude Oil”
The U.S. Energy Information Administration (EIA) proclaimed on Tuesday that, if its forecasts are correct, the United States will soon be the world’s...
Read moreCrude Oil Price Rise in Wake of OPEC Agreement Likely to be Short-lived
Crude oil prices bounced higher on Friday, as OPEC failed to raise production as much as many feared. ...
Read moreOil Ministers Gathering in Vienna for “Contentious” OPEC Meeting
Oil ministers from OPEC and non-OPEC producers are already gathering in Vienna, Austria, in advance of what is touted to be one of...
Read moreLatest Drop in Oil Prices Puts OPEC in a Bind
OPEC still thinks it has significance in "rebalancing" the world's oil market. U.S. energy producers, on the other hand, keep on producing, regardless....
Read moreMerrill Lynch Sees “Risk” of $100 Oil in 2019, Thanks to Iran Sanctions
Will there be $100 per barrel oil again soon? It's possible, but it would not be permanent. ...
Read moreCitigroup: U.S. Will Be World’s Largest Oil Exporter by Next Year
Citigroup announced last week that exports of crude and finished oil products from the United States would overtake Saudi Arabia’s by next year....
Read moreIEA Declares OPEC Has Accomplished Its Mission: Oil Is Now “Balanced”
OPEC is no doubt rejoicing in its accomplishment of raising the price of crude oil by restricting output, but that rejoicing is likely...
Read more