U.S. needs OPEC oil
In terms of volume, U.S. shale cannot swiftly ramp up production by 3 million bpd: the EIA expects oil production this year to average 9 million bpd, or 110,000 bpd more than last year.
In terms of volume, U.S. shale cannot swiftly ramp up production by 3 million bpd: the EIA expects oil production this year to average 9 million bpd, or 110,000 bpd more than last year.
Global demand for oil will still be growing in 2035 even with an enormous growth in electric cars in the next two decades, with numbers on the road rising from 1 million to 100 million, BP has predicted.
President Donald Trump on Tuesday took steps to advance construction of two oil pipeline projects that have been fiercely disputed and were delayed under his predecessor.
A Sioux tribal council on Saturday formally asked hundreds of protesters to clear out of three camps near its North Dakota reservation used to stage months of sometimes violent protests against the proposed Dakota Access Pipeline.
OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil, saying the world’s biggest economy would continue to need crude from abroad.
Opinions on the feasibility of the Faraday Future FF 91 are mixed, to say the least.
Continuing low gas prices are often blamed for the current popularity of crossover utilities and SUVs, along with any sales struggles green cars may experience. But would a sudden increase in gas prices cause shoppers to flock to more fuel-efficient vehicles?
Saudi Arabia’s energy minister says there’s a chance of another production cut from OPEC countries this year.
New nationwide rules to curtail the practice of burning off excess natural gas from oil and gas wells on federal land took effect as scheduled this week after a judge said he saw no urgent reason to block them while a lawsuit moves ahead.
Well, never let it be said that this site’s readers don’t practice what they preach. We asked our Twitter followers when they thought they would buy their very last gallon of gasoline ever. Remarkably, one third of them (35 percent) said they had already done so.