Oil & Gas 360º

MARCH 11, 2025

lower-48-state crude oil production approached 13 million barrels per day (mmbd) five years ago (Figure 11, green dot). Oil demand and activity rebounding had the count back up to 627 as year 2022 ended. It then dropped with the Coronavirus Recession down to around 10.5 mmbd four years ago (green line).

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Oil & Gas 360º

MARCH 10, 2025

Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd). mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.

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Energy Central

MAY 20, 2023

million barrels per day (bpd), and by the end of 2022 monthly production was just about back to that level following the devasting Covid-19 impact on the industry in 2020. One of my 2023 energy predictions was “Total U.S. oil production will again rise, and set a new annual production record.”

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Adrian - Oil & Gas

DECEMBER 29, 2022

The Keystone 1 pipeline carries up to 720,000 barrels per day of tarsands from Alberta, Canada to refineries in Texas and Illinois.) EPA) December 8, 2022: PHMSA issues Corrective Action Order to TC Energy re: Dec. TC Energy oil spill PR oil discharge 12-9-22 (Photo: U.S.

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Rextag

JANUARY 6, 2025

ENERGY SECURITY: THE CORNERSTONE OF GLOBAL STABILITY Fact: Global primary energy demand surged to 301 million barrels of oil equivalent per day (mboe/d) in 2023, and projections indicate it will rise to 374 mboe/d by 2050, marking a 24% increase over three decades. Shale Output: U.S. LNG Export Dominance: U.S.

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Daily Energy Report

FEBRUARY 27, 2025

Chevron’s 200 kb/d—20% of Venezuela’s output—supports its economy, and revocation could cut 100,000 barrels, raising US fuel costs despite Trump’s drilling push. Trump says Maduro is not making progress on electoral reforms and migrant returns.

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Oil & Gas 360º

MARCH 12, 2025

On Monday global Brent crude futures settled under $70 a barrel as investors worried a trade war would slow economic growth. Trump last month ended a license granted to Chevron since 2022 to operate in Venezuela and export oil. million barrels per day, up 200,000 bpd from last months forecast. million bpd.

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Crude Oil Futures

MARCH 8, 2025

Starting in April, the cartel will boost output by 138,000 barrels per day (bpd)the first such increase since 2022. per barrel, respectively. This decision comes as oil prices showed signs of stabilization late in the week of March 07, 2025, after a significant decline. and $70.36

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Oil & Gas 360º

MARCH 7, 2025

to $4.232 per million British thermal units, or MMBtu, after earlier this week climbing to its highest levels since December 2022. Russia, one of the worlds biggest energy producers, is subject to wide-ranging sanctions imposed by the United States and partners after its invasion of Ukraine in February 2022.

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Oil & Gas 360º

MARCH 5, 2025

a barrel by 1408 GMT. Meanwhile, the Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, decided on Monday to increase output for the first time since 2022, further pressuring crude prices. a barrel by 1408 GMT. Brent futures fell $1.47, or 2.1%, to $69.57

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Oil & Gas 360º

MARCH 13, 2025

million barrels per day (bpd) in 2025 and climb further to 13.76 producer OXY Energy Services warned that oil prices below $60 a barrel would likely force small drillers to reduce activity. oil prices are currently around $68 a barrel. million bpd in 2026. But there is an obvious problem here. The CEO of U.S. Benchmark U.S.

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Valor

MARCH 3, 2025

per barrel and WTI up 25 cents to $70.01, after posting their first monthly decline since November. per barrel in 2025, with potential impacts from U.S. In February, the total rig count increased by 11, the largest monthly gain since November 2022, even as companies plan to cut spending by around 1% in 2025 compared to 2024.

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Oil & Gas 360º

MARCH 7, 2025

Former President Joe Biden’s administration sold nearly 300 million barrels from the reserve including a 180-million-barrel sale in 2022 after Russia invaded Ukraine. The estimated $20 billion would only be enough to buy about 301 million barrels of U.S. The sales pushed the SPR to the lowest level in 40 years.

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Crude Oil Futures

FEBRUARY 19, 2025

per barrel, Brent hit $76.94, and LNG surpassed $4 per million British thermal units (MMBtu)a threshold not crossed in months, despite the Northern Hemisphere emerging from winter. in June 2022, before cooling to 2.9% In 2022, President Biden faced similar resistance during a meeting with Crown Prince Mohammed bin Salman.

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