The Biden administration's "arbitrary and unlawful" suspension of oil and natural gas lease sales...
The Biden administration's "arbitrary and unlawful" suspension of oil and natural gas lease sales on federal lands is causing "irreparable harm" to North Dakota, costing the state an estimated $9 million per month, claims a lawsuit filed by North Dakota Attorney General Drew Wrigley in the US District Court for the District of North Dakota. The state is asking the court to review seven canceled federal oil and gas lease sales and to issue a preliminary injunction against the moratorium.
In its most recent licensing round, the Norwegian Ministry of Petroleum and Energy (MPE) has awarded ...
In its most recent licensing round, the Norwegian Ministry of Petroleum and Energy (MPE) has awarded 47 new oil and gas exploration permits to 25 firms, including Equinor, DNO ASA, Wintershall Dea AG, OKEA ASA and Neptune Energy.
“Further exploration activity and new discoveries are important to maintain the production of oil and gas over time, both for Norway and Europe,” said Norwegian Minister of Petroleum and Energy Terje Aasland in a Jan. 10 press release.
Jamie Dimon Is Changing His Tune About an Economic Hurricane. He’s Not Alone.
After a difficult 2022 for investors, there may be rays of light peeking through at the start of the...
After a difficult 2022 for investors, there may be rays of light peeking through at the start of the new year.
Take heart from JPMorgan Chase CEO Jamie Dimon. He clarified Tuesday that maybe he shouldn’t have said last year that an “economic hurricane” is coming. There are clouds for sure, but he didn’t mean to predict widespread collapse. His bank is still hiring.
Nobel Prize-winning economist Paul Krugman said maybe his worries about the outlook were overblown as well. A soft landing is more likely than it seemed just a few months ago, he wrote in his New York Times column Tuesday.
The American Petroleum Institute (API) on Tuesday reported a huge build of crude inventories...
The American Petroleum Institute (API) on Tuesday reported a huge build of crude inventories by 14.865MM barrels as refining activity begins to return to normal following previous weather-related shutdowns.
U.S. crude inventories increased by 13 million barrels over the course of 2022, according to API data, while crude stored in the nation’s Strategic Petroleum Reserves sunk by 221 million barrels.
Cushing inventories showed a build of 2.3M barrels according to the API report.
