Tag Archives: United States of America

The Biden Administration approved the controversial Alaska oil project known as Willow on Monday after rumors surfaced last week that the Administration was set to approve it. The massive oil Willow Project covers three drill sites in the National Petroleum Reserve in an area that is estimated to hold up …

Berlin is planning to introduce a special industrial electricity tariff ranging between €0.05 and €0.09 per kilowatt-hour in order to boost the country’s competitiveness and push back against US and Chinese subsidies. Electricity has always been pricey in Germany – a 2015 study by the Fraunhofer Institute found that the …

The United States wants to see a hike in oil production, including from OPEC countries, said a senior State Department official Monday. “As world economies recover, we’ll see more consumption. And therefore we’d like to see supply meet demand,” said Jose Fernandez, the US Undersecretary of State for Economic Affairs, …

The number of active drilling rigs in the United States stood at 749 this week, down by four from the previous week but up by 99 from last year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes. These active drilling rigs included 592 oil …

Oil finished a tumultuous session higher with record US exports slowing inventory builds, igniting crude market bulls even as persistent fears of higher interest rates dragged Wall Street lower. West Texas Intermediate settled at its highest in nine sessions, with the Energy Information Administration reporting that exports jumped 23%, slowing …

Crude oil inventories in the United States saw another significant increase, with a 6.203 million barrel increase last week, the American Petroleum Institute (API) data showed on Tuesday, bringing the total number of barrels gained so far this year to nearly 59 million barrels. This week, SPR inventory held steady …

Developers of U.S. LNG export facilities could launch $100 billion worth of new plants over the next five years as high prices and the need for energy security create strong momentum for long-term LNG demand and contracts. The United States is set to overtake Qatar and Australia as the world’s …

Oil prices slid on Monday as recent economic data from the US, the world’s largest oil consumer, suggests that the US Federal Reserve will maintain its hawkish stance on interest rates, supporting the dollar near multi-week highs. International benchmark Brent crude traded at $82.31 per barrel at 9.58 a.m. local …

The Americans claim innocence of the blast of the Nord Stream gas pipelines, but “everyone understands that this is a lie,” a Russian diplomat has said. “The Americans are banally lying. I can once again recall the story about the test tube of (former) U.S. Secretary of State Colin Powell, …

The total number of total active drilling rigs in the United States fell by 7 this week, according to new data from Baker Hughes published on Friday. The total rig count fell to 753 this week—103 rigs higher than the rig count this time in 2022 and 322 rigs lower …