WorldOil U.S. seeks to boost oil royalties to account for climate change The Biden administration on Friday issued a long-awaited blueprint for overhauling oil and gas development on federal lands that includes boosting royalty rates despite high gasoline prices that have spurred demands to accelerate domestic production. What the House passage of Biden’s $2T tax and spending bill means for U.S. energy Commenting on the passage of the bill, American Petroleum Institute President and CEO Mike Sommers said “At a time when energy prices have risen alongside broader economy-wide inflation, the House reconciliation bill would only exacerbate the challenges facing Americans." U.S. shale oil output nears pre-pandemic levels Surging oil and natural gas prices are spurring production increases from West Texas to the Upper Great Plains that probably will lift output to levels not seen since the early days of the pandemic, according to Rystad Energy AS. Democrats push to outlaw U.S. oil exports, threatening global market stability President Joe Biden faces growing pressure from fellow Democrats to address rising gasoline prices with measures such as a ban on oil exports, a move that could upend global markets, discourage shale drilling and end up not helping American drivers that much. Yergin puzzled by Biden’s “indifference” to the U.S. oil industry While President Joe Biden has been “jaw-boning” OPEC nations to pump more crude, the rest of the world finds it odd that the leader of the top oil producer isn’t paying more attention to domestic shale, said oil historian Daniel Yergin. Eighteen U.S. Senators urge Biden to ease energy prices before winter “There are several immediate and reasonable actions your Administration can take to increase natural gas supplies and ease prices – without sacrificing safety or environmental stewardship,” the Senators wrote in a letter to President Joe Biden. Diamondback braces for 10% jump in operating costs for 2022 Shale driller Diamondback Energy Inc. is bracing for a 10% jump in costs next year amid supply-chain snarls rippling through the oil industry. COP26: Biden launches methane-reduction plan, gives flaring a pass The Biden administration is launching an assault on methane Tuesday, advancing initiatives across government - and the globe - to keep the potent, heat-trapping gas from escaping landfills, oil wells and farms. Oil prices slide as U.S. instructs crude producers to increase output Oil fell for a second day as one of the top energy diplomats in the U.S. urged producers to hike output. Biden’s greenhouse gas ‘crackdown’ will still allow flaring The Biden administration is poised to unveil a crackdown on methane leaks from oil and gas wells that will be its most consequential action yet to reduce greenhouse gases -- but is still likely to disappoint climate activists.