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Trump may have given the Saudis and OPEC the excuse they needed to boost oil production
U.S. President Donald Trump on Thursday proved that words can be just as powerful as actions — at least temporarily — after his promise to ask the Saudis and OPEC to lower the cost of oil led to a downturn in crude prices.
Oil production, consumption and prices: the Trump factor
By Charles Ellinas The US Energy Information Administration has just published new forecasts for oil production, consumption and prices to the end of 2026 as shown in Figures 1 and 2 below. Clearly, despite the push for renewables,
Trump once again calls for OPEC to drop oil prices
U.S. President Donald Trump on Friday reiterated his call for OPEC to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.
Trump's big oil production plans will face pushback from Wall Street
Crude oil futures posted their first weekly loss in five weeks, finally falling back after a New Year rally spurred by increased Russia sanctions, winter weather demand and a two-month slide in U.S. stockpiles.
Oil Prices Rise But on Track to End Week Lower on Trump Decisions
Oil rose though gains likely reflected a technical correction, while Trump’s tariff threats could disrupt energy flows, raise consumer prices and ultimately destroy consumption.
12d
Why Oil Industry Jobs Are Down, Even With Production Up
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as ...
Hosted on MSN
16h
Car Oil Filter Production Process
An electric motorcycle concept blurs the line between vehicle and urban infrastructure. SpaceX Is Taking Over Texas (Starbase ...
3d
on MSN
Trump wants OPEC to bring down oil prices. That could hurt America's booming energy industry.
"You've got to bring down the oil price, you've got to end that war. They should have done it long ago," President Donald ...
13h
Oklahoma's oil fields could be key to remedy carbon emissions
Researchers plan to study whether carbon can be stored underground in the oil fields of Osage and Kay counties.
eufic.org
2d
Does the processing of seed oils pose a health risk?
Modern processing of seed oils poses no significant health risks. Safety regulations are in place to minimise potentially ...
2d
Chevron to Increase Output at Huge Oil Field in Kazakhstan
The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day ...
4d
Ramping up U.S. oil production won’t be as simple as ‘drill baby, drill’
The U.S. is already the world’s largest oil producer, pumping an average of 13.2 million barrels a day in 2024. Much of its ...
5d
Oil falls as Trump's plan to boost US oil output takes shape
Oil prices fell on Tuesday as investors assessed U.S. President Donald Trump's plans to apply new tariffs later than expected ...
11d
Global Monthly Crude Oil Production Peaked In 2018, Yet Institutions Are Forecasting A Glut
A warning of potential supply constraints in oil production, impacting prices and investments despite institutional forecasts ...
Crude Oil Prices
5d
Oil Majors Borrow Billions for Buybacks as Production Wanes
Despite deregulation efforts and calls for increased production, U.S. oil drilling activity has fallen to near post-pandemic ...
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