Democrat Joe Biden's remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to his election chances in key states.
"Under President Biden, U.S. oil production is up, and will soon reach a record high. In fact, the United States produced more oil under President Biden’s first year in office than under the first two years of the prior Administration, and an additional 9,000 approved drilling...
Several OPEC+ countries will reduce oil production by a combined 2.2 million barrels per day through June. Jeff Colgan, director of the Climate Solutions Lab at Brown University, joins CBS News to discuss how the decreased output could affect the U.S. Mar 6, 2024 06:13 Oil is rising ...
The moves have drawn condemnation from oil, gas and mining interests who said the Biden administration is locking up resources essential to fueling America’s energy needs today and in the future. That includes, they say, critical minerals for batteries and other technology. Under the plan...
'Too much doom and gloom': OPEC chief is bullish on oil demand despite extended production cuts Mon, Nov 4th 2024 Capital Connection OPEC chief says delayed December output hike is 'nothing unusual' Mon, Nov 4th 2024 Energy Next U.S. president shouldn't surrender America's energy dominance...
Trump says he will revoke Biden offshore drilling ban on first day in office Tue, Jan 7th 2025 Capital Connection President Biden's ban on oil drilling is 'symbolic,' Crystol Energy says Tue, Jan 7th 2025 Squawk Box Natural gas production under pressure from cold weather, says Energy Aspect...
Shell is trying to "stabilize oil production" and streamlining its investment in renewable energy, Sawan added, stressing the firm's strength in energy integration as an efficient producer of renewable energy. CERAWeek, known as the Super Bowl in the global energy industry, draws over 9,000 gove...
Refining and marketing: Navigating under uncertainty Global energy policies: Government priorities to come into play Copy 1. The Permian Basin: Repositioning for growth The Permian basin is synonymous with US oil and gas production, contributing to 46% of US crude oil production, 20% of US gross...
"So let me be clear: they are not using them for production. That’s their decision," he said. "These are the facts. We should be honest about the facts." Biden went on to say that this "crisis" is a "stark reminder" that, in order to "protect our economy over the long term,...
The OPEC+ move came despite opposition from the U.S., with President Biden calling the production cuts “shortsighted.” Since those cuts in 2022, OPEC+ has continued to make cuts into 2024 and will continue to do so into 2025. The group is cutting production in order to strengthen the ...