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Crude oil extraction may be well past peak

Energy Central

World crude oil extraction reached an all-time high of 84.6 World monthly crude oil production based on data of the US Energy Information Administration (EIA). The straight orange line represents the 24-month average during the period June 2022 through May 2024.

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Gastech Days I & II: Energy transformation through innovation

Oilholics Synonymous Report

The first two days of Gastech 2024 have flown by with talking points aplenty and a who's-who of the energy industry in Houston at the city's George R. Bush got things going on Monday night by highlighting his state and country's achievements in the global energy sphere at the Gastech pre-event gala dinner.

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Permian Basin Economic and Energy Update: Q4 2024

Oil Gas Leads

The Permian Basin continues to demonstrate resilience and growth as we close out the fourth quarter of 2024. A combination of rising energy prices, stable production, and economic expansion has positioned the region as a key driver of the U.S. oil and gas sector. per barrel of oil equivalent (boe) , up 15.6%

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Energy Transfer Continues 2024 Momentum With Strong Third Quarter Earnings

Energy Transfer

On November 6, Energy Transfer reported its financial results for the third quarter of 2024 with an earnings call hosted by co-CEOs Tom Long and Mackie McCrea, and CFO Dylan Bramhall. This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA over Q3 2023. billion compared to $3.54

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Are we back to fundamentals as oil prices tank further?

Oilholics Synonymous Report

Then came a revelation that OPEC - deemed the most bullish of the crude oil demand growth forecasters - had revised its prediction lower for 2024 below 2 million bpd. To email: journalist_gsharma@yahoo.co.uk Gaurav Sharma 2024. Photo: Oil production site. The IEA's prediction is below 1 million bpd.

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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

million barrels in the Permian were cut by the recent cold weather that hit operations, according to estimates from analysts at consultancy Energy Aspects. Meanwhile, Permian-quality crude at the Magellan East Houston (MEH) terminal, the main price assessment point along the Gulf Coast, traded at a $1.31 crude futures.

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Daily Energy Report

Daily Energy Report

February 24, 2025 Chart of the Day EOA: Germany's Oil Consumption Increased in 2024 and is Expected to Rise in 2025 Summary Figure 1 shows monthly trends in Germany's imports of crude oil and petroleum products since the beginning of 2022. Imports increased in 2024 compared to 2023.