US will maintain oil production despite falling prices, says deputy energy secretary

Oklahoma's energy regulator on Wednesday ruled in favor of an oil company's emergency application to classify some oil production as economic waste, enabling producers to maintain leases where production is halted due to low prices......»»

Energy Secretary Dan Brouillette touted increased American energy independence amid the falling oil prices in an interview with FOX Business' Stuart Varney......»»

Oil and gas producer Chesapeake Energy missed already low estimates for revenues and a net loss. Production fell sharply with oil prices rising only modestly and natural gas prices falling again......»»

Crude-oil futures move lower Tuesday, as earlier gains from a monthly report on falling OPEC production gives way to concerns over a slowdown in energy demand following data showing U.S. manufacturing activity at its lowest level in over a decade......»»

Stocks ended low.....»»

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Oil futures shake off earlier losses Thursday after a U.S. government report showed a fourth straight weekly decline in domestic inventories, as traders weighed the impact of the deep freeze in Texas on energy production and demand......»»

Rare winter storms have sent oil and natural gas prices spiking, as sub-zero temperatures hit production and cause demand to jump. Temperatures have plunged in Texas, causing energy prices to spik.....»»

With a vaccine gradually rolling out and trillions of dollars in gover.....»»

Oklahoma's energy regulators on Monday began hearing arguments from producers seeking to win state-support for setting limits on oil production to help stabilize prices......»»

Texas energy regulators on Tuesday said they will not mandate oil production cuts, ending a month-long debate about whether or not they would wade into global oil politics for the first time in 50 years as crude prices crater to historic lows......»»

U.S. oil and gas company ConocoPhillips said on Thursday it would sharply reduce oil production in coming weeks, aiming to shut in 35% of its total output by June amid weak energy prices that led to a loss of $1.7 billion in the first quarter......»»

U.S. crude prices settled lower on Tuesday, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production during the COVID-19 pandemic......»»

Oil prices fell on Tuesday with U.S. crude leading the decline, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut production......»»

Global oil supplies may be 6% less than expected by 2030 because of delays to investments by energy companies in response to falling crude prices due to the coronavirus crisis, data from energy analysts at Rystad showed......»»

Oklahoma's energy regulator on Wednesday ruled in favor of an oil company's application effectively bars property owners from cancelling leases where production is halted due to low prices......»»

The U.S. Energy Information Administration lowered its 2020 forecast for West Texas Intermediate and Brent crude oil prices and cut its expectat.....»»

Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production, cutting planned capital spending by 30% this year as the coronavirus pandemic saps energy demand and oil prices tumble......»»

Exxon Mobil Corp on Tuesday throttled back a multi-year investment spree in shale, LNG and deep water oil production and will cut planned capital spending this year by $10 billion as the coronavirus pandemic saps energy demand and oil prices......»»

OPEC will meet next week to discuss production cutsRelated Stocks: MMP, COG, MPC,.....»»