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The top five US-based oil and gas companies by market cap, according to S&P Global — ExxonMobil (XOM), Chevron (CVX), ConocoPhillips , EOG Resources (EOG) and Schlumberger — have raked in more ...
On Biden's way out of the White House, he has been imposing tighter environmental restrictions, including just this week, when Biden approved a new tax on methane emissions and implemented tighter ...
About three quarters of the U.S. Gulf's offshore oil production, or about 1.4 million barrels per day, has remained halted since late August. "The market is back to focusing on the tighter supply ...
In January 2021, when President Joseph R. Biden Jr. became president, the United States was still "energy independent" even though domestic crude oil production had declined to 10,900,000 barrels of crude oil per day from its 13,100,000 peak. As demand recovered from the pandemic, the United States lost its "energy independence" until it ...
The Biden administration has bought back 59 million barrels after the 2022 sale at an average price of less than $76 a barrel, far lower than the $95 a barrel it sold oil in 2022.
Biden announced plans to release more oil from the Strategic Petroleum Reserve and U.S. crude inventories increased more than expected. [83] On March 1 Brent jumped more than 7 percent and closed at $104.97, highest since August 2014, and WTI rose 8 percent for its biggest one-day increase since November 2020, settling at $103.41, highest since ...
President Biden reveals that earlier in 2021, he ordered a closer intelligence review of two possible scenarios on the origin of COVID-19, including the theory that the virus escaped from a Wuhan lab. [69] Thursday, May 27: Friday, May 28: President Biden proposes a 6 trillion dollar budget plan. [70] Saturday, May 29: Sunday, May 30
The American Petroleum Institute (API), the nation's top oil and gas trade group, urged Trump's incoming administration to do away with vehicle emissions standards meant to move the auto industry ...