Biden begins to refill Strategic Petroleum Reserve, while Keystone Pipeline leak prompts new emergency exchange

Source: CNNNew YorkCNN The Biden administration announced plans Friday to provide nearly 2 million barrels of oil to refineries through an emergency exchange and simultaneously begin efforts to replenish the…

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Occidental Petroleum stock surges after Warren Buffett’s Berkshire Hathaway boosts stake by $390 million

August 8 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) bought more shares of Occidental Petroleum Corp (OXY.N), surpassing the 20% stake where it could record some of the oil company's earnings with…

Continue ReadingOccidental Petroleum stock surges after Warren Buffett’s Berkshire Hathaway boosts stake by $390 million

EIA updated geologic maps of the hydrocarbon-rich Midland Basin Spraberry formation

Data source: U.S. Energy Information Administration, Permian Basin: Part IINote: See full-size images, starting from top left: 1, 2, 3, 4, 5, 6 We have updated our maps and geologic information for the Spraberry formation in the Midland Basin,…

Continue ReadingEIA updated geologic maps of the hydrocarbon-rich Midland Basin Spraberry formation