US Oil Production Reaches Record High
The United States has achieved a new milestone in oil production, according to recent government data. The US Energy Information
Read more
US Oil Production
United States, The World’s Largest Oil Producer, Buys Oil to Refill Reserves
The Biden administration recently announced that it has resorted to purchasing 4.65 million barrels of crude oil for the United
Read more
EIA Reports “Record” Crude Production… Or Did They?
The Energy Information Administration (EIA) released its monthly U.S. oil data for August yesterday, with the spotlight shining on the
Read more
White House: Oil Companies Have A “Patriotic Duty” To Increase Production
The White House continues to go after oil refineries, pointing out that they a patriotic duty to stop “taking advantage
Read more
IHS Markit: Global Oil Demand Not Expected to Recover Until 2022
Despite optimistic vaccine rollouts that are beginning to unfold across many parts of the world, several key commodities will still
Read more
US Oil Jobs in Peril: Many Will Never be Recouped Even in the Post-Pandemic World
As the demand for crude oil is slated to remain subdued for the foreseeable future amid the pandemic, the US
Read more
US Oil Production Anticipated to Fall by 0.99 Million BPD in August in Light of Grim Economic Outlook
Back in July, the Energy Information Administration (EIA) had anticipated that crude oil production in the US would decline on
Read more
US Oil Rig Count Drops to Record Low as Shale Industry Struggles to Remain Viable
Although the recent slight increase in oil prices has prompted some US producers to begin drilling again, it appears that
Read more
Coronavirus Erases Decades of Demand Growth for Crude Oil
Despite the agreement between OPEC and affiliates to cut oil production to record levels, oil prices still dropped to $20
Read more
US Shale Oil Production Reduced by Record Drop Amid Global Oversupply
The Energy Information Association (EIA) recently issued a crude oil production forecast, citing a forthcoming oversupply of oil amid a
Read more