Oil

One Of Biggest Gas Companies In World Says It Will Stop Buying Russian Oil

Shell, one of the world’s largest oil and gas corporations, apologized for buying petroleum products from Russia and announced it…

2 years ago

‘Simply Not True’: Biden Says He Isn’t Holding Back US Energy Production

President Joe Biden said his administration hasn’t prevented domestic energy production, even after more than a year of pushing policies…

2 years ago

Massive Bipartisan Coalition Introduces Legislation Banning Russian Oil Imports

A group of bicameral Republican and Democratic lawmakers introduced legislation Thursday that would prohibit the U.S. from importing Russian oil…

2 years ago

Nancy Pelosi Echoes Republicans’ Calls For Russian Oil Import Ban

House Speaker Nancy Pelosi said she would support a ban on Russian oil imports, aligning herself with bipartisan lawmakers pushing…

2 years ago

Ukraine Crisis Proves The Need For Domestic Fossil Fuel Production, Industry Groups Say

Major U.S. oil and gas industry groups urged the Biden administration Thursday to boost domestic energy production amid the ongoing…

2 years ago

Why Frackers Are Returning to Abandoned Oil Patches in Droves

Less than two years after the price of oil briefly plummeted to roughly negative $37 a barrel, an oil boom…

2 years ago

Biden Administration Quietly Delays, Stops Oil and Gas Leasing After Legal Defeat

The Biden administration warned that the federal oil and gas leasing program would face significant delays amid its appeal in…

2 years ago

Biden Effect: US to Again Become Net Importer Of Oil Despite Vast Resources

The U.S. is projected to become a net importer of crude oil in 2022, just two years after the nation…

2 years ago

Biden Administration Defies Court Ruling Again, Opts Against Holding Oil Drilling Sales

The Biden administration missed another deadline to hold quarterly onshore oil drilling lease sales after a federal court ruled it…

2 years ago

Global Oil Supply Set to Surpass Demand Despite Omicron as US Producers Boost Output

Global crude oil production is forecasted to outpace demand beginning in December and into 2022, a key monthly industry report…

2 years ago

Big Oil CEOs Thumb Nose At Green Energy Transition, Say Fossil Fuels Still Have ‘Essential Role’

Executives of major oil companies slammed the aggressive global push to renewable forms of energy and warned that such policies…

2 years ago

Members of Congress Slam Biden Administration for Considering Crude Oil Export Ban

A large group of House Republicans penned a letter to top Biden administration officials Friday, urging them not to ban…

2 years ago

California Effectively Ends Fracking During Massive Energy Shortage

California has gradually weaned itself off fossil fuel fracking well ahead of Democratic Gov. Gavin Newsom’s 2024 ban of the…

2 years ago

15 States Vow To Protect Oil, Gas Industry From ‘Woke’ Banks

A coalition of 15 states announced a commitment to scrutinize future business with banks that divest from the fossil fuel…

2 years ago

Navajo Nation Slams Biden Oil Drilling Ban, Says White House Violated ‘Tribal Sovereignty’

The Navajo Nation criticized the Biden administration for banning oil and gas leasing on a large swath of New Mexico…

2 years ago