The U.S. Energy Department on July 11 announced the approval of an exchange from the Strategic Petroleum Reserve, or SPR, with ExxonMobil Corporation to tackle logistical complexities affecting crude oil deliveries to the firm’s Baton Rouge refinery. The action will help maintain robust regional supply of transportation fuels across Louisiana and the wider Gulf Coast…....
U.S. crude oil and natural gas production growth is projected to remain relatively high through 2030, according to a July 11 report by the U.S. Energy Information Administration. This growth is largely driven by rising exports of petroleum products and liquefied natural gas (LNG). Advances in drilling technologies, particularly horizontal drilling and hydraulic fracturing, have…...
The U.S. Interior Department on July 7 proposed key updates to Bureau of Land Management (BLM) oil and gas regulations aimed at streamlining the process for operators to commingle production from multiple leases. These changes would carry out the One Big Beautiful Bill’s directive for the department to approve onshore commingling applications. Producing oil and…...
U.S. President Donald Trump on July 4 signed the One Big Beautiful Bill Act, a sweeping reconciliation measure that fundamentally reshapes federal energy policy. Backed by President Donald Trump and Republican leadership, the legislation takes down many of the clean energy incentives established under the Inflation Reduction Act while accelerating fossil fuel development on public…...
U.S. operable atmospheric distillation capacity, the key measure of refinery capacity, totalled 18.4 million barrels per calendar year (b/cd) on Jan. 1, 2025, flat compared to the previous year, according to a June 30 report published by the U.S. Energy Information Administration. In 2025, ExxonMobil, Valero, and Marathon—the three largest U.S. refiners—each reported calendar day…...
The U.S. Interior Department on June 17 announced it is taking action to issue a new Integrated Activity Plan that aligns with its 2020 plan for managing the 23-million-acre National Petroleum Reserve in Alaska. A draft analysis issued for public comment supports a new alternative that would reopen up to 82 percent of the reserve…...
The price of Brent crude oil rose from $69 per barrel (b) on June 12 to $74/b on June 13, according to a June 16 report published by the U.S. Energy Information Administration. The price increase can be attributed to escalating tensions between Israel and Iran are heightening concerns about the security of the oil…...