US Oil and Gas Activity Edged Up in the First Quarter, Dallas Fed Says

(Reuters) – Activity in the U.S. oil and gas sector increased slightly in the first quarter of 2025, but uncertainty and pessimism among companies also rose, a Dallas Fed survey showed on Wednesday. U.S. President Donald Trump has promised to unleash U.S. energy dominance, declaring a national energy emergency on his first day in office. …

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Biden Administration Wrongly Nixed Oil, Gas Leases in Alaska Refuge, US Judge Rules

(Reuters) – A federal judge in Alaska ruled that former President Joe Biden’s administration lacked the authority to cancel oil and gas leases that had been issued for development within the Arctic National Wildlife Refuge. U.S. District Court Judge Sharon Gleason in Anchorage on Tuesday sided with a state-owned economic development public corporation in Alaska …

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US Crude Stockpiles Fall as Refining Continues to Rise, EIA Says

(Reuters) – U.S. crude oil inventories fell last week as refiners continued to ramp up production, while gasoline and distillate stockpiles also dropped, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.3 million barrels to 433.6 million barrels in the week ended March 21, the EIA said, compared with analysts’ expectations in …

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COMMENTARY: Welcome to the Age of Big Oil’s Managed Decline

By Ron Bousso Oil majors cut spending, boost shareholder returns amid uncertainty Exxon Mobil bucks trend with increased spending, production plans Peak demand narrative persists despite geopolitical energy shocks LONDON, March 26 – Top oil and gas companies are losing confidence in the outlook for their core businesses. Recent strategy updates by leading European and …

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Fossil Fuel, Agriculture Officials to Rail Against Trump Port Fee Plan

By Valerie Volcovici and Lisa Baertlein US industries oppose $3 million fees on China-linked ships US shipping fees on China vessels face industry backlash China-linked ship fees spark US industry concerns WASHINGTON, March 26 (Reuters) – Fossil fuel and agriculture industry representatives are expected to criticize the Trump administration’s plan to impose big fees on …

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