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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. Permian oilfield and strong export demand for WTI Midland crude widened price differentials. WTI Midland crude traded at a $1.08 crude futures in March, easing from a 11-month high of $1.22 crude futures.

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

Oil & Gas 360ยบ

crude oil supply growth smaller than what it has been/ what is expected fuels our bullish oil outlook. lower-48-state crude oil production approached 13 million barrels per day (mmbd) five years ago (Figure 11, green dot). Natural Gas Working Inventory (Src: Calculated from U.S. Figure 11: U.S.

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

Oil & Gas 360ยบ

One of the new directors would be in charge of oil and gas while the other will head the companys remuneration committee, according to FTs sources with knowledge of the internal discussions. 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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U.S. Rig Count Dips Slightly After Five-Week Streak โ€“ Baker Hughes

Oil Gas Leads

crude oil production will rise from a record 13.2 million barrels per day (bpd) in 2024 to around 13.6 Crude oil production remains on track for record levels , even as rig counts fluctuate. million bpd in 2025. Key Takeaways The rig count decline is modest , suggesting a more stable period after recent additions.

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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. Former Oil Minister Fernando Santos separately characterized Noboas ultimatum as a pretext to end the negotiations elegantly.

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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. Boe may be misleading, particularly if used in isolation.

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