OPEC+ and Saudi Arabia’s oil production cuts will impact global oil price and American consumers. While the Biden administration has called these cuts short-sighted, it has failed to plan for the long term and consider the value of domestic production for Americans and global consumers. Short Term Impact Saudi Arabia will unilaterally shut in 1
Read More...China Compromised, Biden Sells Out Land of the Free! Paul Driessen Senior Policy Analyst, CFACT …. …. [Editor’s Note: FERC Chair, Dick Glick, is a politically correct shill for the Biden regime and is ignoring West Virginia v. EPA to stifle fossil-fuels wherever possible.] The U.S. Supreme Court’s 6-3 decision in West Virginia v. EPA
Read More...American Energy First, Please, Before Begging Saudi Arabia! George Stark Director, External Affairs Coterra Energy … .. [Editor’s Note: The American oil and gas industry has joined hands to write Joe Biden and tell him to choose American energy development before begging the Saudis for their oil.] Twenty-seven natural gas and oil trade organizations from
Read More...AmericanEnergy Alliance …. …. [Editor’s Note: The Joe Biden puppeteers and Chinese controllers are clearly aiming to undo American energy independence and, once again, make us dependent on foreign energy.] Last week OPEC+ talks on oil production quotas for member nations stalled and, as a result, oil prices rose. The Biden administration is somewhat concerned
Read More...Saudi Aramco will sell up to 0.5% of its shares to individual investors in what could be the largest initial public offering in history, Kallanish Energy reports. The process begins Nov. 17, and closes on Dec. 4, the company said in its IPO prospectus, released last Saturday. The 658-page document comes almost four years after
Read More...Tom ShepstoneNatural Gas NOW … … American oil and gas completely dominated the global energy market in 2018. We’re the king of the hill in oil and in gas with tremendous growth in 2018. Another great article from the Energy Information Administration (EIA) provides ever more proof green energy scammers have been lying to us.
Read More...The U.S. energy revolution that’s taken place since 2000 catapulted the country to become the global leader in petroleum, including oil, and natural gas production in 2018, according to a recent report from the Energy Information Administration: “Last year’s increase in the United States was one of the largest absolute petroleum and natural gas production
Read More...Crude oil prices settled lower Monday after a choppy trading session, as Saudi Arabia and Russia have not yet agreed to extend the Opec+ output-cutting deal, and U.S.-China trade tensions continued to threaten crude demand, Kallanish Energy understands. U.S. West Texas Intermediate crude futures settled 73 cents lower, at $53.26 per barrel, falling 1.4% for the
Read More...Crude oil prices jumped as much as 2% Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its oil infrastructure. U.S. West Texas Intermediate crude futures settled 85 cents higher, at $62.87 per barrel, gaining 1.4% and closing at the highest level in two
Read More...Crude oil futures rose slightly Wednesday as worries that rising tensions in the Middle East could impact global supplies overshadowed an unexpected rise in U.S. crude inventories, Kallanish Energy reports. U.S. West Texas Intermediate crude futures settled 24 cents higher, at $62.02 per barrel. Brent crude futures rose 53 cents, to $71.77/Bbl. U.S. crude stocks rose unexpectedly last
Read More...Iran’s oil minister last week warned Opec is “likely to collapse” because some members of the 14-nation group are working against their fellow producers, Kallanish Energy learns. It’s not hard to figure out the comments referred to Saudi Arabia and the United Arab Emirates. When U.S. Secretary of State Mike Pompeo first announced sanction waivers
Read More...Crude oil markets are tightening, the International Energy Agency said Thursday, Kallanish Energy reports. The agency warned, however, an “extraordinarily” wide range of views about the health of the global economy was making it difficult to forecast oil prices. It comes at a time when the energy industry is concerned surging U.S. crude inventories and an economic
Read More...Crude oil prices rose Monday, supported by the possibility of a longer-than-expected Opec+ crude supply cut and indications of inventory declines at Cushing, Oklahoma. Representatives of Opec+, the amalgamation of most Opec members along with a number of non-Opec producer-countries led by Russia, met in Azerbaijan to monitor their crude supply reduction deal. They said
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