Saturday, June 13, 2026
LNG “Pause” is not a “Reversal”, Biden admin reassures allies- oil and gas 360

LNG “Pause” is not a “Reversal”, Biden admin reassures allies

Oil Price Assistant U.S. Secretary for Energy Resources Geoffrey Pyatt has told reporters that U.S. allies have been reassured that the Biden Administration’s pause on LNG will not affect currently permitted exports. “I’ve found that our allies who raise these issues with me, tend to be quickly reassured when you explain to them what this is, which is a pause,”

Will U.S. oil boom keep booming?- oil and gas 360

Will U.S. oil boom keep booming?

Oil Price When last October Hamas attacked Israel, oil prices jumped higher, as always happens when armed conflict breaks out in the Middle East. Just a week or so later, however, prices had retreated. Even as the war spread and lit up surrounding countries, oil prices remained stubbornly range-bound, with analysts predicting that it would take an actual supply disruption

Biden officials headed to Guyana amidst Venezuelan dispute over oil wealth- oil and gas 360

Biden officials headed to Guyana amidst Venezuelan dispute over oil wealth

World Oil (Bloomberg) – Key Biden administration national-security officials traveled to Guyana on Sunday as the U.S. works to prevent the country’s dispute with Venezuela over oil and mineral riches from sliding into armed conflict. Jon Finer, the principal deputy national security adviser, and Juan Gonzalez, the White House National Security Council’s senior director for the Western Hemisphere, are continuing

Texas regulator to deploy acclaimed well-plugging program along Texas coast- oil and gas 360

Texas regulator to deploy acclaimed well-plugging program along Texas coast

World Oil AUSTIN – The Railroad Commission’s well-plugging program will utilize its expertise to plug hard to reach orphaned wells located along the Coastal Bend of Texas in Baffin Bay, Humble Channel and Pita Island. The RRC has signed a Memorandum of Understanding with the General Land Office (GLO), in which GLO will provide $3 million to help plug 10

Saudi won’t boost oil production capacity: Here’s why- oil and gas 360- oil and gas 360

Saudi won’t boost oil production capacity: Here’s why

Oil Price Since Saudi Arabia’s announcement that it is scrapping plans to expand its oil production capacity by 1 million barrels per day (bpd), speculation has flourished about the reasons behind the decision. First, analysts speculate that the outlook on long-term oil demand has come into question. Next, investment banks suggest that supply growth from producers outside the OPEC+ agreement

Booming shale production lifts Exxon, Chevron forecasts as oil and gas earning season kicks off- oil and gas 360

Booming shale production lifts Exxon, Chevron forecasts as oil and gas earning season kicks off

World Oil (Bloomberg) – Exxon Mobil Corp. and Chevron Corp. surpassed earnings forecasts as bigger-than-expected oil output from shale fields helped cushion the blow from weakening crude prices. Exxon rose as much as 1.6% in New York and Chevron climbed 2.8%. Exxon’s outsized result also was aided by a $1.14 billion boost from unsettled derivatives and record fuel production at

COLUMN-Oil investors try to get bullish as global economy improves: Kemp- oil and gas 360

COLUMN-Oil investors try to get bullish as global economy improves: Kemp

Nasdaq LONDON – Portfolio investors raced to build bullish positions in petroleum at the end of January amid signs the business cycle slowdown is coming to an end and fears about attacks on tankers near southwestern Arabia. Hedge funds and other money managers purchased the equivalent of 97 million barrels in the six most important petroleum futures and options contracts