Chevron CEO Mike Wirth urges U.S. policymakers to create stable energy policies, cautioning that policy swings disrupt long-term oil and gas investments.
U.S. oil production
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U.S. oil output in the Permian Basin is expected to slow in 2025, as industry leaders focus on profitability rather than aggressive expansion.
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Oil prices climb after Trump lowers Canadian crude tariffs to 10%, easing fears of supply disruptions. Analysts warn of potential fuel price hikes
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Shell starts production at its Whale offshore facility in the Gulf of Mexico, targeting peak output of 100,000 boepd in collaboration with Chevron.
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OPEC+ fears U.S. oil surge under Trump’s deregulation plans, warning that increased production could challenge OPEC+ market share and disrupt oil market stability