Sunday, August 9, 2026
Final U.S. offshore oil auction under Trump will test industry demand- oil and gas 360

Final U.S. offshore oil auction under Trump will test industry demand

Reuters The Trump administration on Wednesday will offer all available areas in the Gulf of Mexico for auction to oil and gas companies in its final offshore sale before the January inauguration of President-elect Joe Biden, a Democrat who has pledged to ban new drilling on federal lands and waters. The Bureau of Ocean Energy Management, an arm of the

Green is the new black in boom for clean energy funds- oil and gas 360

Green is the new black in boom for clean energy funds

Reuters LONDON – Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses. Shares in solar and wind energy businesses, electric vehicle companies and environmental technology pioneers have been on the rise for

U.S. crude oil inventories decrease by 6.1 million barrels- oil and gas 360

U.S. crude oil inventories increase by 0.8 million barrels

Weekly Crude Oil Storage as of November 13, 2020   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week. At 489.5 million barrels, U.S. crude oil inventories are about 6% above the five year average for this time of year, according to the EIA crude oil and petroleum