Monday, May 25, 2026
U.S. grants royalty relief to hard-hit oil, gas drillers- oil and gas 360

U.S. grants royalty relief to hard-hit oil, gas drillers

Reuters The Trump administration has granted royalty relief to several drilling companies producing oil and gas on federal lands in recent weeks, according to a government database, as the industry seeks help weathering low energy prices. The move shows drillers are taking the government up on its offer to consider royalty cuts on a case-by-case basis after the Interior Department

Oil at highest since March on lower U.S. inventories, recovering demand- oil and gas 360

Oil at highest since March on lower U.S. inventories, recovering demand

CNBC Oil prices rose on Thursday to their highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts and recovering demand as governments ease restrictions on people’s movements imposed due to the coronavirus crisis. Crude prices have slumped in 2020, with global benchmark Brent hitting a 21-year low below $16 a barrel in April as demand collapsed. With