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Relationship Between Saudi Arabia and U.S. Becomes Cold

Alex MillsSeptember 21, 2023September 21, 2023
by Alex MillsSeptember 21, 2023September 21, 2023
Saudi Arabia’s decision to reduce its oil supply has played a significant role in firming oil prices globally, and it has been in direct conflict...
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Oil Stocks at ‘Uncomfortably Low Levels’

Alex MillsSeptember 14, 2023September 14, 2023
by Alex MillsSeptember 14, 2023September 14, 2023
The Biden administration threw up another road block in the future of oil production in the U.S. this week when it canceled oil leases in...
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Petroleum Prices Rise as Supplies Tighten

Alex MillsSeptember 7, 2023September 7, 2023
by Alex MillsSeptember 7, 2023September 7, 2023
Crude oil, gasoline, and other petroleum prices rose this week as global and U.S. supplies became tighter. West Texas Intermediate closed at $87 per barrel...
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Record Energy Production Forecast for U.S.

Alex MillsAugust 31, 2023August 31, 2023
by Alex MillsAugust 31, 2023August 31, 2023
Production of crude oil, natural gas, wind, and solar are expected to set new records in the United States this year, and preliminary numbers indicate...
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Oil, Gas Production Tries to Keep up with Demand

Alex MillsAugust 10, 2023August 10, 2023
by Alex MillsAugust 10, 2023August 10, 2023
The demand for crude oil and natural gas around the world has created upward pressure on prices even though production is rising. Crude oil in...
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Oil Prices Drop 20 Percent, Expenditures Rise 26 Percent

Alex MillsJuly 27, 2023July 27, 2023
by Alex MillsJuly 27, 2023July 27, 2023
Crude oil prices have weakened since 2022 but remain relatively strong, which enhances cash flow as production in the U.S. sets records. The West Texas...
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Natural Gas Becomes Powerful Energy Source

Alex MillsJuly 20, 2023July 20, 2023
by Alex MillsJuly 20, 2023July 20, 2023
Natural gas has blossomed into a dominant source of energy, supplying 41 percent of the energy to generate electricity across the U.S. and in many...
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EIA Expects Crude Oil Prices to Rise

Alex MillsJuly 13, 2023July 13, 2023
by Alex MillsJuly 13, 2023July 13, 2023
Yes, if you think retail gasoline prices have been somewhat stable this year, you would be correct. The Energy Information Administration (EIA) at the U.S....
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Oil and Gas Companies Have Rough First Half of 2023

Alex MillsJune 22, 2023June 22, 2023
by Alex MillsJune 22, 2023June 22, 2023
Oil and natural gas companies have experienced a rugged time during the first half of 2023. Inflation, supply chain issues, and attacks by politicians in...
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Texas Petro Index in a Three-month Decline

Alex MillsJune 15, 2023June 15, 2023
by Alex MillsJune 15, 2023June 15, 2023
Mixed economic indicators for the upstream oil and gas industry in Texas have industry watchers wondering which direction the industry will be going during the...
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