Industry & Analysis
News
June 13, 2025
Leaders from both the American Petroleum Institute (API) and American Fuel & Petrochemical Manufacturers (AFPM) jointly issued statements on Friday as U.S. President Trump signed into law a series of bills overturning California's electric vehicle mandates.
News
June 13, 2025
Oil jumped and stocks slid after Israel attacked Iran’s nuclear program facilities and killed senior military commanders in a significant escalation of tensions in the Middle East. Brent crude gained 7.6%, having earlier surged as much as 13% in the biggest intraday jump since March 2022.
News
June 12, 2025
The U.S. Environmental Protection Agency (EPA) has announced a proposal to reverse rules dictating CO2 emissions for fossil fuel-based power plants. Texas Railroad Commissioner Wayne Christian voiced his support in a statement Thursday.
News
June 12, 2025
“We applaud the Senate Committee on Energy and Natural Resources for taking bold action to restore American energy leadership," said American Petroleum Institute CEO and President Mike Sommers.
News
June 11, 2025
While the current conflict with Russia may not inspire a great deal of optimism, the chairman of Naftogaz’s Supervisory Board says he can see better days ahead for Ukraine’s upstream sector, once the war comes to an end.
News
June 10, 2025
U.S. oil output is now expected to slip to 13.37 million bpd in 2026 from about 13.42 million bpd from 2025, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday.
News
June 10, 2025
ADNOC Gas has reached final investment decision (FID) and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) Project, marking a key milestone in the company’s largest-ever capital investment.
News
June 09, 2025
The chances that a rival oil company will take over bp Plc are slim right now, even as peers have been running the numbers, because of the firm’s size and complexity, said bankers from Moelis & Co.
News
June 09, 2025
OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research said.
News
June 06, 2025
American Petroleum Institute (API) President and CEO Mike Sommers issued a statement following the National Highway Traffic Safety Administration's final rule declaring the Biden-era Corporate Average Fuel Economy (CAFE) standards exceeded the department's authority.
News
June 06, 2025
The Energy Workforce & Technology Council has released its May 2025 jobs report, highlighting continued resilience in the energy services sector amid signs of a broader national labor market slowdown.
News
June 05, 2025
“This decline in oil investment is driven by economic uncertainties, lower demand expectations and lower prices,” IEA Executive Director Fatih Birol said in an interview as the agency published its annual World Energy Investment report.
News
June 05, 2025
Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce in a firm-wide restructuring as it looks to reduce costs due to falling crude prices. The company will reduce headcount by more than 5,000 people, said CEO Muhammad Taufik.
News
June 05, 2025
API President and CEO Mike Sommers joined this week’s episode of Veriten’s C.O.B. Tuesday podcast to discuss the state of American energy policy as the Trump administration and Congress continue to make progress on many of the priorities outlined in API's five-point policy roadmap.
News
June 04, 2025
Op-Ed: The media are reporting new predictions that oil production in America is in irreversible decline. Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025. As a regulator of the nation’s largest oil and natural gas producing state, I’ve seen these scary headlines many times before, but here’s the good news: they are always wrong.
News
June 04, 2025
Banks are staying confident in long-term energy fundamentals despite significant trade policy turbulence, according to the Spring 2025 Haynes Boone Energy Bank Price Deck Survey. The survey, now in its 12th edition, is a leading source of information for energy lenders and producers.
News
June 03, 2025
On Monday, Brazilian Energy Minister Alexandre Silveira presented measures to President Luiz Inacio Lula da Silva that include selling oil exploration licenses and a review of the reference prices used to calculate oil taxes, the ministry said in a message.
News
June 02, 2025
The U.S. Department of Energy is canceling some $3.7 billion allocated for clean energy projects under the Trump administration's orders. Among the canceled awards was $331 million for ExxonMobil to use hydrogen at its Baytown, Texas Olefins plant.
News
June 02, 2025
Oil climbed after OPEC+ increased production less than some had feared and geopolitical concerns flared in Ukraine and Iran. WTI neared $63 a barrel after the Organization of the Petroleum Exporting Countries and its allies met on Saturday.
News
June 02, 2025
Nigeria’s President Bola Tinubu has signed an executive order aimed at drawing investment in the oil sector by lowering project costs, while protecting government revenue as the West African nation looks to grow output.
News
June 02, 2025
The Trump administration is moving to repeal Biden-era curbs blocking oil drilling across most of the mammoth petroleum reserve in Alaska that’s home to an estimated 8.7 billion barrels of recoverable oil.
