DESPITE WHITE HOUSE POLICIES
The president's economic address at Northwestern University celebrated the results of America's energy revolution but omitted key steps forward, according to API President and CEO Jack Gerard.
"We appreciate the president once again acknowledging the economic success that has been driven by America's oil and natural gas industry," said Gerard. "As he noted, oil imports have been cut in half and rising natural gas production is revitalizing manufacturers while reducing carbon emissions to near 20-year lows. But let's be clear – our energy renaissance has occurred despite White House policies, thanks primarily to the support of private investors and state governors who have…
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US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.
Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.
Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).
U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.