Post Tagged with: "US Energy Department"

Source: Reuters

U.S. negotiating contracts to store 23 million bbls of oil in SPR

Reuters


WASHINGTON – The U.S. Energy Department said on Tuesday it is negotiating contracts with nine energy companies to store about 23 million barrels of domestically produced oil in the country’s emergency crude reserve.

The department initiated a plan to …

Source: Reuters

U.S. Energy Secretary tells G20 all nations should help reduce oil surplus

Reuters


WASHINGTON  – U.S. Energy Secretary Dan Brouillette on Friday described a dire situation in global energy markets, saying that the coronavirus pandemic and massive oil surplus have created a lethal combination.

“This is a time for all nations to …

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

From The Houston Chronicle


The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring.

U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in …