David Wethe
Reporter at Bloomberg News
Energy reporter in Houston @Business. 🎙Voice of the Grizzlies. @Mizzou grad. Formerly @startelegram @DallasBizNews. Opinions = mine. Retweets not endorsements.
Articles
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4 days ago |
financialpost.com | David Wethe |Kevin Crowley
Article content(Bloomberg) — US shale oil producers are unlikely to heed President Donald Trump’s latest call to “Drill, Baby, Drill” as they prioritize hedging over ramping up production in response to US military strikes on Iran. Sign In or Create an AccountArticle contentWary of being caught by yet another false start in global crude markets, US oil companies are likely to use hedging contracts to lock in revenue for future output rather than spend heavily on new drilling, analysts said.
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4 days ago |
bloomberg.com | David Wethe |Kevin Crowley
A pumpjack in Martin County, Texas, in March. (Bloomberg) -- US shale oil producers are unlikely to heed President Donald Trump’s latest call to “Drill, Baby, Drill” as they prioritize hedging over ramping up production in response to US military strikes on Iran. Wary of being caught by yet another false start in global crude markets, US oil companies are likely to use hedging contracts to lock in revenue for future output rather than spend heavily on new drilling, analysts said.
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1 week ago |
bloomberg.com | David Wethe
The downtown skyline during the 2025 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 10, 2025. The event will focus on the challenges ahead for energy security, supply, and climate ambitions as well as for markets, infrastructure, directions of policy and the advance of technology including AI. Photographer: Aaron M. Sprecher/Bloomberg(Bloomberg) -- Encino Energy LLC, the Utica oil & gas driller that agreed to a $5.6 billion sale to EOG Resources Inc.
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2 weeks ago |
bloomberg.com | Mia Gindis |David Wethe
Estados Unidos prevé que la producción nacional de crudo disminuya el próximo año por primera vez desde 2021, lo que supone un duro golpe para el impulso del presidente Donald Trump hacia el dominio energético estadounidense. Según las previsiones a corto plazo publicadas el martes por la Administración de Información Energética (EIA), se espera que la producción caiga a 13,37 millones de barriles diarios en 2026, frente a los 13,42 millones diarios de 2025.
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2 weeks ago |
bloomberg.com | Mia Gindis |David Wethe
(Bloomberg) -- The US sees domestic crude production declining next year for the first time since 2021 in a blow to US President Donald Trump’s push for American energy dominance. Output is now expected to slip to 13.37 million barrels a day in 2026 from about 13.42 million barrels a day from 2025, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday.
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The US sees domestic crude production declining next year for the first time since 2021 in a blow to US President Donald Trump’s push for American energy dominance. Meanwhile, the DUC count grew for a 4th straight month, the longest expansion in 5 years https://t.co/OKj59z6Uaf
RT @JanetLorin: The University of Texas System grew rich from oil and natural gas over the last century. Now, it’s diversifying, bolstering…
RT @lisaabramowicz1: US oil rigs are increasingly going offline as crude prices fall. The Baker Hughes US crude oil rig count has dropped t…