Biden's recent moves signal tougher stance on oil and gas
President Joe Biden's recent actions restricting oil and gas development in Alaska, Wyoming, Colorado...
President Joe Biden's recent actions restricting oil and gas development in Alaska, Wyoming, Colorado and the Gulf of Mexico reflect a risky shift in the administration's approach to environmental conservation, driven in part by the desire to regain support from climate-conscious young voters, according to energy analysts. American Petroleum Institute President and CEO Mike Sommers expressed concern, stating, "What we're seeing right now is, on all federal lands and all federal waters, they are doing everything they can to stifle production in the United States."
Hong Kong flooded after heaviest hourly rainfall on record since 1884
At least two people were killed and 144 injured in Hong Kong amid the record rainfall and flooding, caused...
At least two people were killed and 144 injured in Hong Kong amid the record rainfall and flooding, caused by Typhoon Haikui, which made landfall in the Chinese province of Fujian earlier this week. Video footage of the flooding shows cars submerged in deep waters as well as flooded malls and subway stations. See videos here and photos here.
Powerful quake in Morocco kills more than 1,000 people and damages historic buildings in Marrakech
MARRAKECH, Morocco (AP) — A rare, powerful ...
MARRAKECH, Morocco (AP) — A rare, powerful earthquake struck Morocco late Friday night, killing more than 1,000 people and damaging buildings from villages in the Atlas Mountains to the historic city of Marrakech. The full toll was not known as rescuers struggled to get through boulder-strewn roads to the remote mountain villages hit hardest.
Sept 8 | U.S. energy firms this week increased the number of oil rigs...
Sept 8 | U.S. energy firms this week increased the number of oil rigs operating for the first time since June while cutting the natural gas rig count, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, rose by one to 632. Despite this week's rig increase, Baker Hughes said the total count was still down 127, or 17%, below this time last year.
U.S. oil rigs rose one to 513this week, while gas rigs fell by one to 113, their lowest since January 2022. Miscellaneous rigs gained 1.
After oil and gas prices soared following Russia's invasion of Ukraine last year, the U.S. rig count climbed to 784 by November 2022, but has since slumped by about 19% as prices fell earlier in the year.
Benchmark U.S. crude oil for October delivery rose 64 centsto $87.51 a barrel Friday. Brent crudefor November delivery rose 73 cents to $90.65 a barrel.
Wholesale gasolinefor October delivery rose 3 centsto $2.65 a gallon. October heating oilrose 9 cents to $3.30 a gallon. October natural gasrose 3 cents to $2.61 per 1,000 cubic feet.