President Trump's ambition to lower oil prices and boost production faces challenges as US oil companies show reluctance to increase supply amid current market conditions.

Exxon Mobil is constructing a natural gas power plant with carbon capture technology to supply electricity to AI data centers, potentially operational by 2028.

Former President Donald Trump calls on OPEC to reduce oil prices, a move that could negatively affect the US crude industry.

President Trump signs executive orders to boost US oil and gas production, declaring an energy emergency and reversing climate policies.

President-elect Trump is expected to issue executive orders on his first day in office to support the oil and gas industry by expanding fossil fuel exports and drilling on federal lands.

BP is cutting 4,700 staff positions and 3,000 contractor roles as part of a drive to streamline operations and improve competitiveness.

Natural gas prices have risen sharply due to expectations of cold weather in January, with futures up 176% since their 2024 intra-day low.

Ford County, Kansas, has initiated legal action against major oil companies, including ExxonMobil and Chevron, alleging false representations regarding plastic recyclability.

President-elect Trump's nominations for key energy-related Cabinet positions indicate a strong push towards expanding fossil fuel production and rolling back climate regulations.