Crude U.S oil production in the United States grew faster during the first quarter of the year. The Dallas Fed reported in its quarterly industry survey, noting that costs also increased. Price sentiment in the industry was guardedly bullish. It is with a majority of respondents in the survey expect West Texas Intermediate to end […]
Oil and natural gas industry is a global commodity– their price is a result of supply and demand. Geopolitical disruptions like Russia’s brazen invasion of Ukraine cause unpredictability and extreme volatility in global energy markets. International conflict and inflation at home are serious issues, and our industry is working hard to meet the moment while […]
WASHINGTON, DC – In its Annual Energy Outlook 2022 (AEO2022) Reference case. The US Energy Information Administration (EIA) projects that US energy consumption will grow through 2050. This is primarily through the population and economic growth. In this case, the EIA says that renewable energy will be the fastest-growing energy source through 2050. Firstly, petroleum […]
With oil prices recently hitting the highest level since 2008, U.S Energy Secretary Jennifer Granholm took to the stage in front of a room full of energy executives with a simple message: raise output “We are in an emergency, and we have to responsibly increase short-term supply where we can right now to stabilize the […]
Mike Sommers argued on Wednesday that American energy producers “are patriots”. He is the American Petroleum Institute (API) president and CEO. Above all, the energy producers are supplying the world with natural gas and oil “during this time of crisis”. Therefore, how will the domestic gas and oil production of the U.S counter Russia’s influence? […]
American energy producers have been punching above their weight. It is now making the U.S. the largest producer of oil and natural gas in the world. This is in less than a decade—with one major caveat. But the good news first. Take liquid natural gas for starters. In October 2021, LNG exporters in the U.S. […]
For more than a week, oil and gas price across the country and the Borderland have seen noticeable increases. Dr. Christopher Erickson, Garrey E., and Katherine T. Carruthers, Chair for Economic Development, said numerous factors contribute to the rise in gasoline. Currently, the war between Ukraine and Russia is one of the biggest. “The disruption […]
The most likely scenario brings about a slowdown in consumption growth and energy sources savings. Oil and natural gas will remain the most consumed source of energy. It is a projection in the United States by 2050 by The Department of Energy (DOE, its abbreviation in English). Energy in the country will grow in this […]
Russia’s invasion of Ukraine set off the latest shock to international energy markets. It is renewing a call among politicians at the state and national levels. Mostly Republicans so far, they are requesting to reduce the heavy U.S. reliance on imports. It is by ramping up oil and gas production in places like Colorado. Republican […]
ENID — A broad-based recovery is underway regarding the state of the oil and gas industry in Oklahoma. Operators of all sizes are making investments right now, said Brook Simmons. He is the president of Petroleum Alliance of Oklahoma. The industry recovery receives support by higher commodity prices. It is after a “challenging, multi-year readjustment […]
