Energy News Desk

Energy News and Data

Oil & Gas

The US is set to lose its spot as world's top oil producer — and it 'doesn't have a lot of tools' to do anything about it

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The U.S. is all but guaranteed to lose its hard-earned spot as the world's number one oil producer this year amid the recent price crash, vanishing demand and a plunge in capital investment, energy experts say.   That could mean potentially enormous implications for U.S. foreign policy, as administrations have for decades viewed energy security and national security … [Read more...] about The US is set to lose its spot as world's top oil producer — and it 'doesn't have a lot of tools' to do anything about it

The World Is Running Out of Places to Store Its Oil

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The world is awash in crude oil, and is slowly running out of places to put it.Massive, round storage tanks in places like Trieste, Italy, and the United Arab Emirates are filling up. Over 80 huge tankers, each holding up to 80 million gallons, are anchored off Texas, Scotland and elsewhere, with no particular place to go.The world doesn’t need all this oil. The … [Read more...] about The World Is Running Out of Places to Store Its Oil

Standing Rock Sioux Tribe Wins a Victory in Dakota Access Pipeline Case

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WASHINGTON — In a significant victory for the Standing Rock Sioux Tribe, a federal judge on Wednesday ordered a sweeping new environmental review of the Dakota Access Pipeline.The pipeline, which runs from North Dakota to Illinois, has been carrying oil for nearly three years and has been contested by environmental groups and Native American tribes who live near it. … [Read more...] about Standing Rock Sioux Tribe Wins a Victory in Dakota Access Pipeline Case

Oil industry push for Trump bailout draws political headwinds

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A pumpjack in the oil town of Midland, Texas. Texas has been the biggest contributor to U.S. oil output growth over the past decade. | Spencer Platt/Getty Images Independent U.S. oil companies suffering from the meltdown in crude prices are pressing President Donald Trump for financial help, but the political blowback is likely to thwart any significant action to help the … [Read more...] about Oil industry push for Trump bailout draws political headwinds