BERKELEY HEIGHTS, N.J. (AP) — The Latest on President Donald Trump and Saudi oil production (all times local):
Wright's Liberty Energy is a relatively small oilfield services firm with a market capitalization of $2.8 billion. Burgum leads a state in which fossil fuel production makes up a significant portion of its gross domestic product and many of the oil and gas operators are smaller companies,...
if OPEC maintains current production to make up for lost Venezuelan barrels, and offsets any Iranian barrels lost, global oil inventories will actually rise modestly this year. Under that scenario, WTI futures would return to the $55/b range. ...
“Permian Basin spend is lower than the 2024 budget and anticipated to be between $4.5 and $5.0 billion as production growth is reduced in favor of free cash flow,” Chevron said. By Tsvetana Paraskova for Oilprice.com More Top Reads From Oilprice.com Exxon to Increase Oil Production by 18...
Republicans "ended the war on a thing called American energy, which is very good for Texas. Since my election, natural gas production in Texas has increased by 35 percent, and oil production has increased by 60 percent. And the United States is now the number-one producer of oil and natur...
US President Donald Trump has urged Saudi Arabia to sharply increase its oil production to combat the rising cost of fuel. Mr Trump tweeted that he had asked Saudi ruler King Salman to raise output by up to two million barrels a day. ...
Trump, who will beinauguratedon Monday at noon EST, wants to increase domestic oil and gas production in order to bring down prices for U.S. consumers, the official said. Energy prices influence every part of the economy, ranging from the prices that consumers pay at the pump to ...
U.S. President Donald Trump said on Saturday that Saudi Arabia’s King Salman had agreed to his request to ramp up oil production, a week after OPEC already announced an output rise. “Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & dysfuncti...
Oil prices have secured handsome gains so far this year mainly due to the on-going efforts to curb supply by major oil producers. Last December, OPEC and other major oil producers, including Russia, pledged to cut production by 1.2 million barrels per day in order to prop up prices, effect...
After Trump asked the oil industry to contribute $1 billion to his presidential campaign in April, oil baron Harold Hamm immediately started working the phones.