U.S. gas prices are expected to go up. OPEC+ announced plans to cut output of 2 million barrels per day beginning in November. The coalition, which includes OPEC,…
Read MoreOil and gas production
Treasury Department Sanctions Ties to Iranian Suppliers
International company network concealing origins of petroleum shipments. The Office of Foreign Assets Control (OFAC) at the Department of the Treasury has sanctioned an international group of countries…
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Forest Service Opens Criminal Investigation into Mosquito Fire
Utility company’s equipment being analyzed in the probe. The U.S. Forest Service has opened a criminal investigation into the Mosquito Fire, California’s largest wildfire of 2022. The fire…
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NATO Says Nord Stream Leak due to Sabotage
Various accusations are being made as to whom is responsible. NATO said that the leaks occurring on the Nord Stream pipelines between Russia and Europe were the result…
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President Urges Gas Stations to Lower Prices
He asks the same of cell phone services and banks. On Monday, President Joe Biden urged companies running gas stations, banks, and cell phone services to lower costs…
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Two Senators Propose Secondary Sanctions on Russia
The proposal strengthens G7 nations’ price cap on Russian oil. Two members of the Senate Banking Committee introduced a preliminary draft for legislation on Tuesday to impose secondary…
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Gulf of Mexico Oil and Gas Lease Sales Reinstated
Action in compliance with the Inflation Reduction Act. The Department of the Interior reinstated an offshore oil and gas lease sale that was invalidated by a federal judge…
Read MoreTreasury Secretary Says Gas Prices Could Spike Again
Oil prices are on the increase. Oil prices rose Monday as supply concerns are mounting heading into the winter months. Although gasoline at the pump has gone down in…
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Administration May Release More from Strategic Petroleum Reserve
The intent is to mitigate winter heating oil prices. President Biden’s administration is considering the release of more crude oil from the nation’s Strategic Petroleum Reserve after the…
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EPA Refuses Exemptions to LNG Exporter
Gas would have gone to Europe during their energy crisis. The Environmental Protection Agency said it will not exempt a top U.S. liquified natural gas (LNG) exporter from…
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