US oil

Crude oil pouring out of a barrel. File Photo: Reuters
Global Economy

Oil dips on deflated US interest rate cut expectations, OPEC+ decision

Brent crude futures settled 25 cents lower at $79.62 a barrel, while US West Texas Intermediate crude (WTI) fell 2 cents to $75.53

Storage tanks at a refinery near Blaine, Washington, US.Photographer: James MacDonald/Bloomberg
Global Economy

US oil suppliers muscling into OPEC+ markets all over the world

U.S. President Joe Biden speaks during a reception to celebrate the Jewish New Year, in the East Room at the White House in Washington, U.S., September 30, 2022. REUTERS/Jonathan Ernst/File Photo
Global Economy

Biden threatens tax hit for 'war profiteering' oil giants

Tim Duncan, the founder of Talos Energy, in an undated photo. Courtesy Talos
Global Economy

The US oil executive making a big bet on combating climate change

Gasoline prices are displayed at an Exxon gas station behind American flag in Edgewater, New Jersey, U.S., June 14, 2022. REUTERS/Mike Segar
Global Economy

US oil refiners, pipeline companies expect strong demand for rest of 2022

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo
Global Economy

Fourteen firms to get oil from US strategic reserve in latest sale

FILE PHOTO: Workers connect hoses between a pipeline and water tanks at a Hess fracking site near Williston, North Dakota November 12, 2014. Picture taken November 12, 2014. REUTERS/Andrew Cullen/File Photo
Global Economy

A shale booster shot: 'Re-fracs' rise as cheap way to lift US oil output

US to resume oil, gas drilling on public land despite Biden campaign pledge
USA

US to resume oil, gas drilling on public land despite Biden campaign pledge

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo
Global Economy

When have the United States and others previously released oil from reserves?

A US postal worker puts his seatbelt on after filing up his vehicle at a gas station in Garden Grove, California, US, March 29, 2022. REUTERS/Mike Blake
Global Economy

Biden administration weighs largest ever draw from emergency oil reserve: Sources

The Wilmington ARCO refinery in Los Angeles, California on Dec. 19, 2003. DAVID MCNEW/GETTY IMAGES
Global Economy

US oil lobby moves towards supporting carbon tax

A PetroChina worker inspects a pump jack at an oil field in Tacheng, Xinjiang Uighur Autonomous Region, China June 27, 2018.
Global Economy

OPEC, US oil firms expect subdued shale rebound even as crude prices rise

Oil pump jacks work at sunset near Midland, Texas, US, August 21, 2019. Picture taken August 21, 2019/ Reuters
Global Economy

US shale producers to tap brakes in 2020 after years of rapid growth