Should we derail the entire energy industry that has brought a multitude of benefits for society because someone is telling us that the sky is falling?
The rapid decline in inventories comes despite many refineries undergoing seasonal maintenance work ahead of peak summer demand.
The drop in production has led to a tightening in global inventories.
Russia is propping up the Maduro regime by buying Venezuelan oil, according to a former PDVSA executive.
GasBuddy Head of Petroleum Analysis Patrick DeHaan on the outlook for gas prices.
Analysts said an economic slowdown could soon dent fuel consumption, holding back crude.
Juan Fernandez, former PDVSA executive living in exile, discusses the crisis in Venezuela and how Russia is propping up the Maduro regime by buying Venezuelan oil.
Kevin Book, managing director of ClearView Energy Partners, gives his outlook on oil and discusses the problems surrounding Rep. Alexandria Ocasio-Cortez’s Green New Deal.
Former Shell Oil President John Hofmeister on the outlook for gas prices and a report that the U.S. will surpass Saudi Arabia as the world's leading oil exporter.
OPEC on Monday scrapped its planned meeting in April, effectively extending supply cuts.
Brent crude futures settled at $67.54 a barrel, rising 38 cents, or 0.6 percent.
The U.S. rig count is a little higher than a year ago.
The rebirth of the U.S. energy industry also reflects well on the fact that President Trump is making good on his promise to bring back manufacturing jobs and make America’s economy the envy of the world.
OPEC sources have said an extension of the supply-cutting pact beyond June is the likely scenario.
FBN’s Trish Regan on reports that China is trying to help the Maduro dictatorship fix Venezuela’s power grid.
Former Shell Oil President John Hofmeister on why despite the growth of the U.S. oil industry, imports from OPEC countries are still important for the U.S. economy.
EY U.S. Oil and Gas Leader Deborah Byers on the state of the oil market, the Green New Deal and U.S. energy exports.
The agency went ahead with the proposal over the objections of the oil industry.
A involuntary supply curbs in OPEC members, caused by unrest in Libya and U.S. sanctions on Iran and Venezuela, have also boosted prices.
Oil markets have been supported this year by ongoing supply cuts.