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December 6, 2023

Texas commissioner slams Biden’s “onerous” methane rules that increase oil, gas prices- oil and gas 360

Texas commissioner slams Biden’s “onerous” methane rules that increase oil, gas prices

December 6, 2023

World Oil AUSTIN – Railroad Commissioner Wayne Christian issued a statement regarding new onerous methane rules proposed by the Biden administration’s Environmental Protection Agency (EPA).   “While costs for hard-working Americans are up nearly $11,000 this year everywhere from the gas pump to the grocery store, President Biden’s solution to inflation is to increase regulations that will make American oil and

U.S. record-breaking oil output one more blow to OPEC- oil and gas 360

U.S. record-breaking oil output one more blow to OPEC

December 6, 2023

Oil Price Record crude oil production in the United States is serving a fresh blow to oil bulls and OPEC, just as the cartel was trying to push benchmarks higher by adopting deeper production cuts. The EIA reported last week that average daily production in September had remained unchanged from August when it hit the record-high rate of 13.24 million barrels.

ExxonMobil raises share buybacks 14% with plans to accelerate Permian, Guyana oil production- oil and gas 360

ExxonMobil raises share buybacks 14% with plans to accelerate Permian, Guyana oil production

December 6, 2023

World Oil (Bloomberg) – Exxon Mobil Corp. plans to raise share buybacks 14% as the oil giant accelerates crude production in the U.S. Permian basin, boosted by its $60 billion acquisition of Pioneer Natural Resources Co. Exxon will repurchase $20 billion of stock next year, the Spring, Texas-based company said in a statement Wednesday. That matches competitor Chevron Corp., which

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