Oil prices settle down as US stockpile grows, tariffs still in focus
Oil prices fell on Wednesday, with the U.S. benchmark settling at its lowest year to date, after domestic crude stockpiles in ...
US upstream oil and gas dealmaking hit $105 billion in 2024, Enverus says
Dealmaking in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third highest annual total ever, but ...
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How does the strategic petroleum reserve work?
Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right ...
U.S. Crude Oil Stockpiles Rise for First Time in 10 Weeks
U.S. crude oil inventories increased for the first time in 10 weeks, beating analyst’s expectations, as exports fell and ...
US Oil Fund reports monthly financials
Today, the United States Oil Fund, LP (NYSE Arca: NYSE:USO), a commodity exchange-traded product with a market capitalization of $1.35 billion, disclosed its monthly financial statement for December ...
Trump wants OPEC to bring down oil prices. That could hurt America's booming energy industry.
"You've got to bring down the oil price, you've got to end that war. They should have done it long ago," President Donald ...
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US oil and gas rig count falls to lowest since Dec 2021, Baker Hughes says
(Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes said in ...
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U.S. oil and gas rig count slides to lowest in more than three years
The number of active rigs drilling for oil and gas in the U.S. fell by 4 to 580 to its lowest level since December 2021, Baker Hughes said Friday in its latest weekly report, after declining by 5 ...
US rejects Venezuelan President Maduro's reelection, but keeps financial lifeline for his government
In 2022, the White House granted Venezuela a financial lifeline "to support the restoration of democracy" after President ...