Prices drop after a proposed meeting is delayed, but the energy secretary expects a 10% to 15% drop in production after a meeting later this week.
When the three-year Saudi Arabia-Russia production-cut marriage known as OPEC+ ended acrimoniously on March 6, the oil and gas world as we know it ended. For now.
Trump said April 2 he had brokered a deal between Russia and Saudia Arabia, but made no offer to reduce U.S. output, and benchmark Brent oil futures surged 21% in a record one-day rise. Here are analysts’ views on the deal.
A Texas oil and gas regulator on April 2 said he talked with Russian Energy Minister Alexander Novak about the possibility of both Russian and Texan producers' trimming production.
Stabilizing the oil markets is expected to be a challenge because demand has collapsed.
McCaul applauds efforts to convince Saudis and Russians to cut production.
Former White House energy adviser will add to DOE’s presence in the region.
"I don't know that that's going to be presented in any formal way ... as part of the public policy process," Energy Secretary Dan Brouillette told Bloomberg.
BlackRock has dropped out of the race to become an investor in Abu Dhabi National Oil Co.'s (ADNOC) natural gas pipeline assets, two sources familiar with the matter said.