Tuesday, October 7, 2025
The U.S. will be dependent on oil for far more than a decade- oil and gas 360

The U.S. will be dependent on oil for far more than a decade

Oil Price During President Biden’s 2023 State of the Union Address, he relayed an anecdote that I believe explains his stance toward the oil and gas industry. At first, he stayed on script with his prepared remarks, claiming: “You may have noticed that Big Oil just reported record profits. Last year, they made $200 billion in the midst of a global

OPEC cuts 2022, 2023 oil demand growth view as economy slows- oil and gas 360

OPEC cuts 2022, 2023 oil demand growth view as economy slows

Yahoo Finance LONDON – OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year’s figure, citing slowing economies, the resurgence of China’s COVID-19 containment measures and high inflation.   Oil demand will increase by 2.64 million barrels per day (bpd) or 2.7% in 2022, the Organization