This post was originally published on this siteWall Street’s summer forecast requires $ 100 in oil. Barrel costs haven’t been that high since the summer of 2014, before OPEC began price competition with US shale producers and pushed oil prices into a long-standing slump. In the early days of the...
This post was originally published on this sitePresident Biden campaigned on ending oil and gas industry subsidies. But getting rid of them requires passing legislation. A bill eliminating the overseas drilling subsidy is stalled in Congress.
This post was originally published on this siteThe Biden admin is pressing Democrats to reject sanctions on Russia’s Nord Stream 2 gas pipeline, even as it warns Moscow to pull back troops from Ukraine.
This post was originally published on this siteExxon, Chevron and other large oil companies are reporting the strongest quarterly revenue since before the start of the pandemic and pulling back on spending.