By: Cherise Threewitt & Yara Simón | Updated: Oct 9, 2023 One of the four U.S. Strategic Petroleum Reserve facilities is known as Big Hill and it's located near Beaumont, Texas, along the Gulf Coast. Joe Raedle/Getty Images When Americans talk of "oil reserves," they're actually...
US Oil Reserves: Four ScenariosChris Geerlings
The crude oil prices rebounded from losses on Tuesday, as the market applauded the news that stocks of crude oil in USA fell for the first time in two months. The investors are now waiting for a weekly report from the Energy Information Administration (EIA) for the US crude oil reserves....
The US had 341.1 trillion ft3of natural gas proved reserves as of the end of 2016, an increase of 5% from 2015, according to a recently released report by the US Energy Information Administration (EIA). US crude oil and lease condensate proved reserves r...
From a commercial perspective, the American majors' more determined focus on their core oil and gas business has been rewarded. ExxonMobil'searnings havebeensmashing estimates, for instance. As CEO Darren Woodsput itin early 2023: "We leaned in when others leaned out, bucking conventional wisdom...
2021 to 2023: The Fed continues to adapt and navigate the post-pandemic economic landscape, adapting policies to support recovery. Inflation again surged assupply chaindisruptions and geopolitical events unfolded in the early 2020s. The Fed reacted quickly, raising rates aggressively to combat inflati...
February 23, 2023 Staff Reporter 0 In the year since Russia’s full-scale invasion of Ukraine, Western democracies have condemned Moscow, slapped wide-ranging sanctions on it, cut back on Russian oil and gas and sent unprecedented amounts of arms and ammunition to help Ukraine defend itself....
ConocoPhillips is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves.
Proved US oil reserves rose by 345 million bbl, or 2%, during 2007 to 21.32 billion bbl from 20.97 billion bbl at the beginning of the year, reported the US Energy Information Administration (EIA) on January 28. EIA said Alaska, Texas, and North Dakota accounted for a majority of the ye...
Natural Gas Proved Reserves, Year-End 2018’ report. The US Energy Information Administration (EIA) published its annual reserves report today, based on data reported on the survey Form EIA-23L, ‘Annual Report of Domestic Oil and Gas Reserves’, which highlighted the n...