A man carries buckets while working to clean up an oil spill near a pipeline of state-owned … [+] Petroleos de Venezuela (PDVSA) in Voladero, Monagas state, Venezuela, on November 5, 2021. ̵...
Tag: oil production
If Chevron Can Sell Shares, Why Can’t They Buy Them Back?
A Chevron Global Technology Services Company logo is seen at an administrative office in Caracas on … [+] November 29, 2022. – The US government’s authorisation of energy giant Chevr...
Energy Sector Predictions For 2023
MOJAVE, CA – NOVEMBER 15: A large array of solar panels, located one hour north of Los Angeles in … [+] Kern County, is viewed on November 15, 2022, near Mojave, California. Due to demand,...
2022 Saw The Second Highest Oil Production In U.S. History
FILE – Oil rigs stand in the Loco Hills field along U.S. Highway 82 in Eddy County, near Artesia, … [+] N.M., one of the most active regions of the Permian Basin. Government budgets are bo...
Energy Companies Increase Spending in 2023 as Oil Prices Rebound
Oil and gas companies plan to increase their capital expenditure budgets in 2023 due to gains in crude oil prices, executives said in a recent Dallas Federal Reserve‘s energy survey. The majorit...
You Won’t Believe How Low Gasoline is Likely to Go
Gasoline prices fell by $0.50 a gallon since November, giving consumers a reprieve into the holiday season. Prices have declined since early November with Americans saving a cumulative $200 million a ...
OPEC Thumbs Its Nose At President Biden
VIENNA, AUSTRIA – OCTOBER 05: Secretary-General of OPEC Haitham al-Ghais (R) and Saudi Arabia’s … [+] Minister of Energy Prince Abdulaziz bin Salman Al-Saud (2nd L) hold a press conf...
Gasoline Prices Should Keep Falling Unless This Happens
Gasoline prices are expected to continue their downward trend during Labor Day weekend as consumers are still receiving a reprieve. Crude oil prices declined on Sept. 2 to $86.97 a barrel on ongoing f...
Gasoline Prices Are Down, But There’s a Big Threat Looming
Gasoline prices fell again on Aug. 19 with the national average declining to $3.89 a gallon as crude oil prices inched slightly higher to $91.56 a barrel. The most common price is $3.49 a gallon, Pat...
The U.S. Is Still The World’s Top Oil Producer
ODESSA, TEXAS – MARCH 13: An oil pumpjack setup in a residential neighborhood pulls oil from the … [+] Permian Basin oil field on March 13, 2022 in Odessa, Texas. The Permian Basin is the ...
Wells Fargo Says These Eight Energy Stocks Can Weather a Recession
The year 2022 has been kind to oil companies, largely because price surges tied to Russia’s war on Ukraine. The S&P Oil & Gas Exploration & Production Select Industry Index has climb...
Wind And Solar Provided A Record 10% Of The World’s Power Generation In 2021
Kern County, CA – March 23: LADWPs Pine Tree Wind Farm and Solar Power Plant in the Tehachapi … [+] Mountains Tehachapi Mountains on Tuesday, March 23, 2021 in Kern County, CA.(Irfan Khan ...
U.S. Oil Companies Have Increased Drilling By 60% In One Year
ODESSA, TEXAS – MARCH 13: A statue of a pumpjack and drilling rig sits next to a gas station in a … [+] city located in the Permian Basin oil field area on March 13, 2022 in Odessa, Texas....
What Is Energy Independence?
Lone pumpjack located in the middle of large solar array outside of Bakersfield, Kern County, … [+] California, USA. (Photo by: Citizen of the Planet/UCG/Universal Images Group via Getty Images)...