US upstream news

Oil prices have fallen today over concerns about reported rising US oil storage levels and China adding travel restrictions.

API has issued a statement confirming that it stands ready to work with President Joe Biden and his administration.

Oil prices have risen on enthusiasm about a new policy era in the US and on anticipation for a decline in crude inventories.

As Joe Biden’s inauguration approaches, Wood Mackenzie experts share how his administration could impact trade, climate change goals, and changes to the energy sector in Asia Pacific.

Total has said that API's climate positions were only "partially aligned" with its own.

The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.

The job is being performed on several pads for Cimarex Energy Co. in the Permian Basin.

The acquisition has been approved by Pioneer and Parsley stockholders.

Oil prices, and especially WTI, rose on Thursday as a result of the promised Saudi production cuts, falling crude inventories and political turmoil in the US.

The two companies have completed the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada to Liberty.