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resource extraction

IEA agrees to release 400M barrels from strategic oil reserves

(The Center Square) – The International Energy Agency’s 32 member nations unanimously agreed on Wednesday to a coordinated release of 400 million barrels from their emergency crude oil stockpiles in an effort to restrain soaring global prices as the U.S.-Israeli war with Iran entered the 12th day. The

U.S. energy agency ups forecast of American oil and gas output

(The Center Square) – The war in the Middle East will lead to significantly more production of crude oil and natural gas in the U.S. during the next two years along with relatively stable gasoline prices for American consumers, according to the latest market assessment by the U.S. Energy

War with Iran pushes gas over $5 a gallon in California, raises prices throughout Southwest

(The Center Square) - Gas prices have risen above $5 a gallon in California as the Southwest and the rest of America feel the impact of the U.S.-Israeli war with Iran. The average at the Golden State's pumps hit $5.16 a gallon Sunday and increased to

Trump defends Iran war decision as oil soars above $100

Trump defends Iran war decision as oil soars above $100

Oil prices surged above $100 a barrel for the first time in nearly four years on Sunday over worries that the spiralling Middle East war could create prolonged supply disruptions. Both crude oil benchmarks, the West Texas Intermediate (WTI) and Brent, jumped by over 15 percent as markets opened Sunday

Gas prices rise in Missoula, impacting local commuters

MONTANA — Gas prices are climbing across Montana, affecting commuters in Missoula and beyond. With many residents relying on their vehicles for long-distance travel to work, school and errands, the rising costs are becoming a significant concern. Amanda Wiemers, a local Montana commuter, shared her experience. "It used to

Will US oil companies be the big winners from the Iran war?

Will US oil companies be the big winners from the Iran war?

Energy prices have surged dramatically since the United States and Israel launched their attack on Iran Saturday, and that will almost certainly translate into bigger profits. But the question remains whether the new war in the Middle East also leads to increased oilfield investment. - What does the Middle East war

Mideast war threatens to spark world energy crisis

Mideast war threatens to spark world energy crisis

Asia and Europe's oil reserves can soften the immediate impact of the Middle East war sparked by US and Israeli strikes on Iran, but a prolonged conflict could trigger major disruptions and sharp price increases, analysts warn. Here are facts and expert views on some of the possible