A new rule aimed at protecting water supplies has been passed by the Texas Railroad Commission, but it could end up hurting our oil and gas industries. The rule was passed despite pushback from oil and gas operators, as well as conservatives.
Oil demand growth next year is likely to be in line with this year’s tepid increase and the slower pace of growth compared to 2022 and 2023 would result in oil prices averaging $70 per barrel in 2025, Fitch Ratings said on Wednesday.
Curious Minds Corner
What is the name of the pipeline that transports oil from Canada to the United States?