News
Analysis: Big Oil’s moment in the sun will be brief
By Chris Bryant With oil prices near an 18-month high and Donald Trump about to enter the White House (joined by Exxon Mobil Corp.’s Rex Tillerson as Secretary of State), big oil’s enjoying a moment...
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Oil stocks fall but total petroleum inventories rise
U.S. crude oil inventories fell by 7.1 million barrels last week, boosting industry hopes that high demand will reduce stockpiles and increase prices. Still, the country’s oil stocks remain full, the U.S. Department of Energy...
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U.S. to become net exporter of energy
The United States will become a net exporter of energy within the next 15 years under most scenarios examined by the U.S. Department of Energy, according to a report released Thursday. The department’s Annual Energy...
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Statoil to boost drilling; Other co’s will cut, report says
The Norwegian multinational oil and gas company Statoil is boosting its exploration budget this year. Statoil announced on Wednesday it plans to drill about 30 exploration wells in 2017, an increase of roughly one-third compared...
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Tillerson meeting with Congress ahead of confirmation hearing
WASHINGTON – Rex Tillerson, the former Exxon Mobil CEO and President-elect Donald Trump’s pick for Secretary of State, is meeting with members of Congress Wednesday ahead of an expected nomination hearing next week. Among those...
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