America Produces The Most Oil. So Why Are Gas Prices Surging? https://t.co/hBXHXTkkaU ...

RT HFI Research (@HFI_Research)We are now 8.16 million b/d offline.Iraq -3.3 million b/dKuwait -1.3 million b/dUAE -1.56 million b/dSaudi -2 million b/d ...

We have done many many actions to mitigate that price rise. You saw the announcement of a coordinated release of 400 million barrels of oil with over 30 nations of the world participating in that. Um we've had allies in the Middle East that moved oil overseas before the conflict started.Heck, we we just announced yesterday bringing on a meaningful amount of oil production in the state of California from offshore that California has fought foolishly to prevent new American oil to go into their own state. And ...

I just want to start first, though, on the matter of Iran. Is the energy issue going to bring out a quick resolution to this war. Well, I think what we're seeing here, of course, is the strength of President Trump.You know, setting clear objectives. Our military executing nearly flawlessly. And and, of course, what this exposes for the whole world is that we do have a terrorist regime that is threatening the world economy. I mean, this is a regime that 47 years ago when they when they took over, literally t ...

The Trump administration took action to clear the way for oil production off the California coast in a bid to ease the global fuel pressures created by the war with Iran https://t.co/jTyIPZGRw9 ...

JUST IN: 🇺🇸 President Trump says the US makes "a lot of money" when oil prices rise because it is the world's largest oil producer. ...

Core Insights - The article highlights Chevron and Shell's focus on securing oil production agreements in Venezuela amidst rising oil prices due to geopolitical tensions in Iran [1] - Chevron is positioned to expand its operations significantly in Venezuela, potentially becoming the largest private producer in the Orinoco Belt [1] - The recent reforms in Venezuela's oil laws have opened opportunities for foreign companies to operate and export oil, which is crucial for Chevron and Shell's strategies [1] Chevron's Developments - Chevron is close to finalizing a major oil production deal in Venezuela, which would allow it to increase production significantly [1] - The company forecasts a potential production increase of up to 50% over the next 18 to 24 months, aiming for an output near 1.4 million barrels per day [1] - Chevron's Petropiar project in the Orinoco Belt is set to expand, enhancing its production capabilities [1] Shell's Engagement - Shell has signed preliminary oil and gas agreements in Venezuela, focusing on the Monagas North region, which can produce light and medium crude and natural gas [1] - The agreements include collaborations with oil-service firm Baker Hughes, indicating a strategic move to enhance operations in Venezuela [1] Market Context - U.S. oil prices remain above $80 per barrel, influenced by the ongoing conflict in Iran and the closure of the Strait of Hormuz [1] - The oil and gas industry has seen a rally, with Chevron and other companies benefiting from the situation in Venezuela [1] - The Oil & Gas-Field Services industry group has advanced 34.5% in the stock market this year, indicating strong investor interest [1]

The US raised its forecast for domestic oil production next year after the recent surge in prices due to supply disruptions from key Middle East countries https://t.co/A4sigGwlCZ ...

Iraq’s oil production has fallen to 1.2 million barrels a day because of the Iran war and Baghdad is pushing to restart export flows of its Kirkuk grade from the north of the country to help compensate. https://t.co/vX5e7XeJkY ...

He’s absolutely correct.Too bad the Canadian government is quite literally allergic to doing anything like this.TBPN (@tbpn):"We are absolutely sleeping on Canada as an opportunity. They have way more oil deposits than we do... but [only] a third of the production."@AlexEpstein says that working with Canada could be the key to protecting the US against oil shocks: https://t.co/bqVBDRFtCX ...