Fri.Mar 14, 2025

Remove barrel-oil
article thumbnail

Harold Hamm Sounds the Alarm: Low Oil Prices Could Shut Down US Shale

OilPrice

Shale titan Harold Hamm isnt mincing wordsif oil prices stay this low, drilling in some of Americas prized shale fields could grind to a halt. Speaking at CERAWeek in Houston, the Continental Resources founder warned that with oil hovering near $65 a barrel, many U.S. Its not exactly the raucous celebration oil executives had

Oil 360
article thumbnail

Barclays Slashes Oil Price Forecast on 500,000 Bpd Demand Growth Cut

OilPrice

Barclays sees Brent Crude prices at $74 per barrel this year, down by $9 from its previous forecast, as it slashed its global demand growth estimate in mounting economic uncertainties. We turn neutral on oil prices relative to the curve and consensus, as we revise down our 2025 demand outlook 510,000 barrels per day due to soft high?-?frequency

Oil 336
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Barclays cuts 2025 Brent oil price forecast on soft demand view

BOE Report

Barclays on Friday lowered its 2025 Brent oil price forecast by $9 per barrel to $74 per barrel, citing a softer demand outlook amid elevated economic uncertainty. Brent crude futures were trading around $70 a barrel on Friday, after settling 1.5% lower in the previous session.

Oil 89
article thumbnail

Oil rebounds as Ukraine ceasefire deal remains elusive

BOE Report

Oil prices rebounded on Friday to recover some of their losses of more than 1% in the previous session, partly due to the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies. a barrel by 0748 [Read more] Brent crude futures rose 64 cents, or 0.9%, to $70.52

Oil 62
article thumbnail

ExxonMobil’s Permian Basin Strategy: How Technology is Driving Efficiency and Growth

Oil Gas Leads

million barrels per day (bpd) accounting for over 16% of the basins total production. Of the 10-13 oil-bearing layers in the basin, the company is currently developing only 7-8 layers , leaving room for enhanced resource recovery. Unlocking the Permians Untapped Potential The Permian Basin remains a critical driver of U.S.

Basin 52
article thumbnail

Pastures of Plenty - PADD 4 Pipeline Connections, Higher Output Help it Balance Crude Market

RBN Energy

In todays RBN blog, well look at how PADD 4 dispenses these barrels and its role in balancing continental crude oil supply and demand. At the same time, the area has also seen increasing volumes coming in from PADD 2 and Canada.

article thumbnail

Oil set to close week stable as investors mull path to Ukraine ceasefire

Oil & Gas 360º

(Investing) –LONDON -Oil prices were stable on Friday after a more than 1% loss in the previous session, as investors weighed the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets. a barrel at 1322 GMT, after settling 1.5% lower in the previous session.

Oil 130