Kuwait cuts oil production
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The United States is pumping more oil than any country in world history. Without all that crude, Americans could already be paying $4 or even $5 a gallon for gasoline, making the energy spike caused by the war with Iran even more painful.
The Department of Justice issued an opinion this week stating that the Trump Administration can use a Cold War-era
Ohio is experiencing a manufacturing renaissance that is transforming its economic landscape. From semiconductor fabrication to aerospace and defense, billions of dollars in investment are flowing into the Buckeye State. But behind this resurgence lies a ...
The war in Iran is once again proving that oil is an essential geopolitical weapon.
Federal regulators are seeking public comment regarding plans to waive some safety requirements before restarting the use of
The U.S., Eurozone, and Chinese manufacturing indexes all showed contraction at year-end. Weakness in manufacturing in China, the EU and the U.S. has been weighing on demand for distillates and will likely continue to weigh on global oil demand early in 2024.
Iraq has cut oil production by nearly 1.5 million barrels a day and those cuts could widen to more than 3 million bpd within days as the country runs out of storage and cannot export crude due to the Iran crisis,
American oil production has reached its largest volume in recorded history—more than 13.2 million barrels per day in October, official figures show—outpacing its highest point under Donald Trump's presidency, 13 million barrels daily in November 2019.
Behind America’s considerable lead in oil production, Saudi Arabia (ranked 2nd) produced 12 million B/D, accounting for about 13% of global supply. Russia came in third with 11 million B/D in 2022. Together, these top three oil producing behemoths, along ...