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Traders Predict 25-Point Rate Hike After OPEC+ Surprise Oil Output Cut

A 25-basis point interest rate hike by the Federal Reserve in May is now more likely to materialize as a result of the surprise OPEC+ oil production cut ....

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Renewables Projected To Overtake Coal Worldwide By 2027

Renewables surpassed coal for electricity generation in the United States this year, and they’re expected to beat out coal in global electricity generation by 2027. ....

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Get Ready For Higher Prices At The Pump

U.S. gasoline prices were up slightly week-on-week, with analysts now warning that the OPEC+ surprise production cut could hit at inflation ....

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U.S. Drilling Activity Slips Following Price Slump

The total number of total active drilling rigs in the United States fell by 3 this week while WTI crude staged a modest recovery ....

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Chevron Bids Highest For Gulf Of Mexico Drilling Rights

Gulf of Mexico oil lease sale number 259 held on Wednesday attracted $264 million in bids for drilling rights in an area estimated to hold nearly 30 billion barrels of oil, with Chevron coming in with the highest bids ....

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