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The US is pumping a record amount of oil. But that may not be welcome news to other crude-producing nations. Domestic output reached 13.4 million barrels a day in August, eclipsing all previous ...
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Over 200 million barrels of crude oil have been pulled out by President Joe Biden since the beginning of last year — around 40% of what was stored. Running low: US strategic oil reserve reaches ...
United States domestic oil production hit an all-time high last week, contrasting with efforts to slice heat-trapping carbon emissions by the Biden administration and world leaders. The U.S ...
Oil slipped on Tuesday as traders priced in the possibility of tariffs against trading partners Canada and Mexico and executive orders aimed at boosting US production.
The Texas-based oil giant paid out $22.5 billion in taxes, royalties and other items overseas, with the United Arab Emirates ($7.4 billion), Indonesia ($4.6 billion) and Malaysia ($3.2 billion ...
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Oil markets spiraled on the news, falling as much as 4% on Thursday. A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday.