Energy Central

OCTOBER 7, 2024

According to the latest Weekly Petroleum Status Report from the U.S. Energy Information Administration, year-to-date daily average oil production is 13.2 oil output remains a key driver of the global energy market. crude oil production will almost. million barrels per day. million BPD.

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Valor

FEBRUARY 24, 2025

and Russia prepare for peace talks on Ukraine, with potential impacts on oil sanctions and seaborne shipments. Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2

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Egypt Oil & Gas

MARCH 13, 2025

Minister of Petroleum and Mineral Resources Karim Badawi held meetings with Clay Neff, President of Chevron International Exploration and Production, and Dong Sub Kim, President & CEO of Korea National Oil Corporation (KNOC), focusing on investments and capacity building.

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Rextag

NOVEMBER 25, 2024

crude oil inventories grew by 545,000 barrels last week to reach 430.3 Energy Information Administration (EIA). Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 million barrels.

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The Energy Law

SEPTEMBER 4, 2009

By Kerry Murphy On Wednesday September 2, BP drilled the world’s deepest oil well – the Tiber Prospect Well – and discovered a huge pool of crude oil. The Tiber well is located in the western Gulf of Mexico, southwest of New Orleans in U.S.

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Energy Transfer

DECEMBER 10, 2024

According to just-released data from the Environmental Protection Agency, methane emissions across all major oil and gas basins in the U.S. This has occurred even as our country continues to produce more crude oil than any other nation ever has. have fallen 44 percent since 2011. Also of note are advancements U.S.

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Aresco

AUGUST 13, 2024

This trend reflects a broader shift in investment strategies as investors seek to diversify their portfolios, hedge against market risks, and capitalize on the potential high returns offered by the energy sector. government offers a variety of tax incentives aimed at encouraging domestic energy production.

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The Energy Law

JUNE 13, 2017

A tug owned by Marquette collided with an oil-carrying barge owned by Settoon as the Marquette tug attempted to overtake the Settoon flotilla. As a result of the collision, approximately 750 barrels of light crude oil discharged into the river. Following the spill, the U.S.

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Oil & Gas 360º

MARCH 10, 2025

(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. The transaction is expected to close before May 30, 2025.

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Energy Central

MAY 10, 2022

President Biden announced in late March that he would release 1 million barrels of crude oil per day from the Strategic Petroleum Reserve (SPR) over a 180 day period, making it by far the largest release ever. Is this a wise move and will it achieve the objectives sought? Background: The origin of the U.S.

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Rextag

FEBRUARY 24, 2025

Oil and Gas Basins: Growth, Challenges, and 2025 Outlook Permian Basin (Texas & New Mexico) The Undisputed Leader 2023-2024 Overview The Permian Basin has remained the most important oil-producing region in the United States, supplying nearly 46% of the nations crude oil output in 2024. crude oil investments.

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Crude Oil Futures

DECEMBER 19, 2024

The energy crisis in Iran is escalating, with many Iranians openly acknowledging its severity. Additionally, the foreign ministry has suggested that officials wear warmer clothing to save energy. Currently, Iran faces not only an energy crisis but also political and military challenges.

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Oil & Gas 360º

MARCH 12, 2025

Elsewhere, the Organization of the Petroleum Exporting Countries backed its forecast for relatively solid growth in oil demand this year, noting that air and road travel would help drive consumption higher. crude oil production this year is set to post a blow past a prior estimates, according to the U.S. Meanwhile, U.S.

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Oil & Gas 360º

MARCH 13, 2025

presidents stated commitment to cheaper oil, Citi analysts said their outlook for Brent by the second half of 2025 is $60 a barrel. Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on Thursday, revising down its 2025 demand growth forecast. With the U.S.

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BOE Report

MARCH 10, 2025

Energy Secretary Chris Wright said on Monday he was planning to work with Congress on cancelling previously mandated sales from the Strategic Petroleum Reserve as one way to address low stockpiles.

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Crude Oil Futures

NOVEMBER 13, 2024

The price of crude oil keeps falling as President Trump selects his top team, reinforcing the belief in the energy markets that there is enough oil in stock at present. President Trump, meanwhile, intends to fill up the SPR, Strategic Petroleum Reserve, when he is officially in power. respectively.

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RBN Energy

MARCH 11, 2025

Strategic Petroleum Reserve (SPR) inventories have been climbing for more than a year, but they could go much higher if President Trump has his way, as one of his major campaign promises was to refill the SPR to the very top, a goal he has repeated since his return to the Oval Office.

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Energy Outlook Advisors

FEBRUARY 3, 2025

Canada imports about 500 kb/d of petroleum products, as shown in Figure (3). Here is Why: A 10% tariff on oil imports from Canada, starting Tuesday, would increase diesel prices by about 1-11 cents. But the problem is much larger: Higher prices will attract supplies from other states that have nothing to do with Canadian oil.

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Oil & Gas 360º

MARCH 5, 2025

sparked swift reprisals from each nation that increased concerns over a slowdown in economic growth and the consequent impact on energy demand,” Ashley Kelty, an analyst at Panmure Liberum, said. . “The imposition of tariffs on China, Canada and Mexico by the U.S.

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Oil & Gas 360º

MARCH 10, 2025

(Investing) –HOUSTON -The worlds energy industry leaders meet in Houston next week as plummeting oil prices push Big Oil to slash thousands of jobs even as a pro-fossil fuel U.S. His rapid pivot on foreign policy with Russia could upend global oil flows and reduce the European market for U.S.

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Crude Oil Futures

NOVEMBER 7, 2024

With the comfortable victory over his rival, Kamala Harris, President Trump will certainly pursue his radical energy policies in order to deal with the crises in the energy sector, while sticking to his, 'Drill baby drill' policy. In response, he promised to cut energy bills by half, if elected. respectively. respectively.

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Valor

JANUARY 20, 2025

Read more Republican states sue Biden over drilling limits Summary : Several Republican-led states, including Mississippi, Alaska, Louisiana, Alabama, and Georgia, along with the American Petroleum Institute, have filed a lawsuit against the Biden administration challenging its restrictions on offshore oil and gas drilling.

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Crude Oil Futures

JANUARY 25, 2025

President Trump has been signing numerous executive orders since his inauguration on January 20, with a notable focus on energy policy. One significant action includes declaring a national energy emergency, which has profound implications for both the U.S. and global energy sectors.

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Oil & Gas 360º

MARCH 7, 2025

Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump’s goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. crude at today’s prices, and would bring the reserve to less than 700 million barrels.

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The Energy Law

MARCH 31, 2021

The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S energy security, and oil prices. [7]. Constitution. Background. Gulf Coast. 2] Texas, et al. Biden, et al. 112-78, 125 Stat. 1280, § 501. [5]

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The Energy Law

MARCH 31, 2021

Background The Keystone Pipeline is a system of petroleum pipelines designed to transport crude oil from fields in Alberta, Canada and ultimately terminating at refineries on the U.S energy security, and oil prices. [7] Constitution. Gulf Coast. 2] Texas, et al. Biden, et al. 112-78, 125 Stat. 1280, § 501. [5]

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Crude Oil Futures

FEBRUARY 19, 2025

Source: US-BLS On Wednesday, February 18, 2025, crude oil and liquefied natural gas (LNG) prices rose slightly amid political tensions in Europe. crude oil inventories grew, a factor that typically depresses prices. High energy costs remain a hurdle, and Mr Trumps pledge has yet to materialize. by December 2024.

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