Sunday, August 3, 2025
Bad policies leave U.S. vulnerable to Middle East oil crisis- oil and gas 360

Bad policies leave U.S. vulnerable to Middle East oil crisis

(Oil Price) – The United States is the world’s largest oil producer, pumping some 13 million barrels every day. Yet the U.S. is also the biggest consumer of crude, a major exporter, and a country with an empty strategic petroleum reserve. Continental Resources founder Harold Hamm called the U.S. “unusually vulnerable” to an oil shock. Just a month ago, such

Chevron shuts In Gulf of Mexico oil and gas platform ahead of Hurricane Milton- oil and gas 360

Chevron shuts In Gulf of Mexico oil and gas platform ahead of Hurricane Milton

(Oil Price) – Chevron has shut in its Blind Faith platform in the U.S. Gulf of Mexico and evacuated all personnel from the facility in preparation for Hurricane Milton, the supermajor said on Monday. “Production from our other Chevron-operated Gulf of Mexico assets remains at normal levels,” Chevron said in a media update as weather services, forecasters, and Gulf of Mexico producers are