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(World Oil) – The AmericanPetroleumInstitute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. crude oil production, or nearly 2 million bopd. According to the U.S.
Image by maciek905 via iStock Oil climbed in light pre-holiday trading after US President Donald Trump said he had reached a trade deal with Vietnam. Oil’s jump was probably amplified by low liquidity ahead of Friday’s July Fourth holiday in the US. Oil Prices WTI for August delivery rose 3.1% million barrels.
by Elisabeth Lorio Baer Interior Secretary Ken Salazar informed Congress on September 17, 2009 that he would kill a controversial program, currently in effect, that allows energy companies to pay the government royalties for drilling on public lands in actual oil and gas in lieu of cash.
(Investing) –LONDON – Oil prices extended declines on Wednesday and were set for their largest monthly drop in almost three and a half years as the global trade war eroded the outlook for fuel demand while concern over mounting supply also weighed. crcrude oil inventories rose by 3.8 government data is due at 10:30 a.m.
(Investing) –Oil prices retreated Thursday, handing back earlier gains after data showed the U.S. At 09:15 ET (13:15 GMT), Brent oil futures for July fell 0.7% At 09:15 ET (13:15 GMT), Brent oil futures for July fell 0.7% oil inventories shrank by 4.24 oil inventories shrank by 4.24 a barrel.
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