Alaska’s senators sharply condemned any potential Biden administration move to authorize ConocoPhillips’ $8 billion Willow oil project with restrictions so onerous it wouldn’t be viable, warning that would be seen as a rejection — and an unacceptable blow to residents across the nation’s largest state.
The US government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the nation’s emergency reserves.
Oil dropped suddenly after the US called on the OPEC+ alliance to revive production more quickly.
Industry leaders privately warned the Trump administration that the U.S. will struggle to produce the oil, gas and other energy products that China has committed to buy in a new trade deal, raising additional questions about one of the president’s signature economic achievements.
The White House has said Donald Trump “has no intention” of sacking the special counsel investigating Russian meddling in the 2016 presidential election.
The top United Nations climate change official continues to wait for a response to her request to meet with US Secretary of State Rex Tillerson over whether America will remain in the landmark Paris environmental accord.
The US Senate has paved the way to America boosting fossil fuel outputs by backing President Donald Trump's pick to head up the Interior Department.
The White House has given assurances that any executive orders changing the US Renewable Fuels Program would include measures to support the use of ethanol and biodiesel, it has been reported.
Advisers to President-elect Donald Trump are developing plans to reshape Energy Department programs, help keep aging nuclear plants online and identify staff who played a role in promoting President Barack Obama’s climate agenda.
Oil extended its decline below $45 a barrel as focus shifted to OPEC’s ability to stabilize prices after markets were roiled this week by Donald Trump’s largely unexpected U.S. presidential election win.
Some U.S. oil policies are likely to shift significantly when Donald Trump assumes the presidency next year. While details remain sketchy, he’s highlighted a number of areas where he differs significantly from current policy.
US president Barack Obama's surprise proposal yesterday to charge a $10 a barrel fee on crude oil, equivalent to one-third the going price, drew a swift response from traders and industry figures.
A veto threat has been issued by the White House over a US House of Representatives bill that would lift a ban on crude oil exports. It said the legislation was "not needed at this time."