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

Oil & Gas 360ยบ

That compared to an average of 50 cents a barrel a year ago, when record crude production at the top U.S. million barrels in the Permian were cut by the recent cold weather that hit operations, according to estimates from analysts at consultancy Energy Aspects. million barrels last week, its highest level in four months.

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BP looks to hire two more directors under oil-focused strategy

Oil & Gas 360ยบ

It wasnt immediately clear whether BP has consulted on possible new hires with Elliott Management, which has demanded changes in strategy or even board reshuffles. million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035. Production is also expected to grow, to 2.32.5

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Energy Market Assessment: Restoringย upward mobility of the masses will have a profitable oil & gas drilling boom

Oil & Gas 360ยบ

lower-48-state crude oil production approached 13 million barrels per day (mmbd) five years ago (Figure 11, green dot). Please consult with a professional before making any decisions based on the information provided here. Energy Information Administration data) U.S. It then dropped with the Coronavirus Recession down to around 10.5

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U.S. Rig Count Dips Slightly After Five-Week Streak โ€“ Baker Hughes

Oil Gas Leads

million barrels per day (bpd) in 2024 to around 13.6 Production and Market Outlook for 2025 Despite the overall rig count decline, production forecasts remain bullish : The EIA projects that U.S. crude oil production will rise from a record 13.2 million bpd in 2025.

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Oil revival plan put forth by Ecuadorโ€™s president falters amid re-election effort

Oil & Gas 360ยบ

The damage has already been done, but hes limiting his losses said Sebastian Hurtado, head of political risk consultancy Prfitas in Quito. Production from the nations top field has fallen 15% from a 2014 peak of 560,000 barrels a day.

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360ยบ

Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure. Barrel of Oil Equivalency “Boe” means barrel of oil equivalent. Refer to the Specified Financial Measures section in this press release for additional disclosure and assumptions.

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