UAE exit from OPEC signals closer alignment with US interests, experts say
UAE wants to supply more oil than its OPEC quota and that could help push down prices once the Strait of Hormuz opens.
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Entries by Breakthrough Investment Group
US crude oil production rose in 2025, setting new record
US crude oil production grew by 350,000 b/d, in 2025, setting a new annual production record of 13.6M b/d, according to our latest STEO.
Oil prices ease after Trump says US will insure tankers transiting Strait of Hormuz
Crude oil prices eased Tuesday in extended trading, after Pres. Trump said the U.S. would insure tankers moving through the Strait of Hormuz.
US Energy Secretary urges industry to double oil and gas output
At SPE’s Hydraulic Fracturing Conference, Energy Secretary Chris Wright challenges the industry to significantly boost oil and gas recovery.
Oil stocks sharply higher after US action in Venezuela
US energy stocks jump after Trump says America will take control of Venezuela’s oil industry after Maduro’s capture.
Desert Southwest Expansion approved, adding new natural gas capacity across the US Southwest
Energy Transfer has announced its plans to expand the Transwestern Pipeline to reach new demand in the US Southwest for natural gas.
America’s oil boom concentrated in ten Permian counties
Ten counties in the Permian Basin drove 93% of U.S. crude oil growth from 2020–2024, EIA and Enverus data show.
Permian Basin drives $119B in US economic impact, report finds
According to the impact report, the Permian Basin generated $119B for the US economy in 2024 and supported more than 862,250 jobs.
US oil and gas production reached record highs in April, says EIA
US liquids production hit a record of 20.83M bpd in April, up roughly 50K barrels from March, per latest EIA Petroleum Supply Monthly report.
Lawmakers tour Permian Basin oil sites, discuss energy policy and jobs
Lawmakers tour Permian Basin oil sites to shape energy policy, promote jobs, and support US energy dominance and innovation.
