Oil Prices Set for Weekly Gain as War Premium Jumps – OilPrice.com
Oil prices extended their gains today and are set to rise further this week after Russia launched a new ballistic missile into Ukraine, the latest sign of continued escalation in the situation in Ukraine. It was expected to end the week. The attack featured hypersonic intermediate-range missiles never before used in war and was carried […]
In another flip-flop, Harris campaign says she won’t back more oil drilling
American Petroleum Institute CEO Mike Sommers spotlights the importance of domestic energy production and compares Trump … source
Trump picks oil and gas industry CEO Chris Wright as next energy secretary | Trump administration
Donald Trump said Saturday that Chris Wright, an oil and gas industry executive and staunch defender of fossil fuel use, would be chosen to lead the U.S. Department of Energy. Mr. Wright is the founder and CEO of Liberty Energy, an oilfield services company based in Denver, Colorado. He is expected to support President Trump's […]
Trump Names Oil And Gas CEO Chris Wright To Head Department Of Energy
President-elect Donald Trump announced in a statement Saturday that he will nominate Chris Wright, CEO of Denver-based energy company Liberty Energy, to be Secretary of Energy. President Trump also announced the creation of a National Energy Council and said Wright would be a member of it. “I am thrilled to announce that Chris Wright will […]
Olive oil maker Deoleo expects to cut prices in half
Olive oil prices are about to fall. Olive oil's biggest producer plans to cut prices in half as the weather crisis that caused the price of “liquid gold” to soar in recent months appears to be over. Deoreo, the maker of household olive oil brands such as Bertolli and Carbonell, says yields in southern Europe […]
Trump taps oil boss Chris Wright as Secretary of Energy
President-elect Donald Trump announced Saturday that he has named Chris Wright, a longtime proponent of hydraulic fracturing, to be his administration's energy secretary. Mr. Wright, chief executive officer of oilfield services group Liberty Energy, helped launch America's shale revolution in the mid-2000s, which significantly increased U.S. oil and natural gas production. . “As Secretary of […]
Crude oil heads to weekly loss as looming surplus depresses market – CNBC
Crude oil futures were on pace for weekly losses on Friday as supply disruptions and a strong dollar weighed on the market. U.S. crude oil has fallen more than 2% this week, and Brent crude has fallen nearly 2%. Friday's energy prices are: west texas intermediate December contract: $68.56 per barrel, down 14 cents, or […]
U.S. crude oil rises, trades around $69 per barrel – CNBC
Oil futures rose slightly on Thursday, with the U.S. benchmark trading around $69 a barrel, but the market outlook remains bearish. Global oil supply next year is expected to exceed demand by more than 1 million barrels per day, driven by strong growth in the United States, according to the International Energy Agency's monthly market […]
EPA’s new rule to charge oil and gas companies for emissions could face a Trump reckoning
The Biden administration is moving to impose new fees on oil and gas companies for methane emissions, but opponents of the rule say such efforts may not last under incoming Republican leadership. Suggests. The Environmental Protection Agency (EPA) announced Tuesday that it will “incentivize” the oil and gas industry to reduce methane emissions by imposing […]
Oil giant Shell wins appeal against climate activists in landmark carbon-emissions case
Citi US economist Veronica Clark and Smead Capital CEO Bill Smeed analyze the overall market and energy sector in The Claman Countdown. British oil giant Shell on Tuesday overturned a landmark 2021 lawsuit brought by environmental groups, holding the company partly responsible for climate change and forcing it to aggressively reduce its carbon emissions. and […]