Florida Considers Onshore Oil as Offshore Opportunities Dwindle
Florida mulls onshore oil as offshore prospects dim As President-elect Donald Trump takes aim at the Biden administration’s new offshore oil and gas drilling ban, one area will likely remain off-limits: the eastern Gulf of Mexico near Florida’s coast. But a high-profile onshore oil project is inching closer to reality, even if drilling is largely […]
Oil Price Forecast: US Increases Crude Production While OPEC Considers Boosting Supply
Oil price outlook: US pumps more crude as OPEC eyes more supply Exxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel production — just as OPEC and its allies are preparing to increase the supply of crude into the global market. The US oil majors’ increases […]