OilPrice

MARCH 11, 2025

The first half of 2025 is shaping up to be a squeeze play for global oil markets. Brent crude prices are inching up from $70 per barrel to a newly forecasted $75/b by Q3, the EIA has said in its latest Short Term Energy Outlook released on Tuesday. Supply is tightening thanks to ongoing production declines in Iran and Venezuela.

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OilPrice

MARCH 13, 2025

Crude oil prices dipped today, despite expectations for strong demand following the U.S. Energy Information Administrations latest inventory report that showed a more sizable draw than expected. per barrel, with West Texas Intermediate at $67.55 per barrel, both down from Wednesday.

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OilPrice

MARCH 11, 2025

The government of Kazakhstan is talking with the supermajors operating its oil fields to reduce production in line with the OPEC+ agreement to which the Central Asian country is a party.

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OilPrice

MARCH 11, 2025

Once upon a time, in the not-so-distant past, the United States was the world's largest importer of energy, guzzling down foreign oil and gas like a frat boy at a kegger. has transformed from energy junkie to pusher, with liquefied natural gas (LNG) as its hottest commodity. was staring down the barrel of energy scarcity.

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Oil & Gas 360º

MARCH 11, 2025

(Oil & Gas 360) – Switching Back To An Employer-Driven Economy (From Ruler-Driven) Restoring Upward Mobility Of The Masses Will Have A Profitable Oil & Gas Drilling Boom. Energy Information Administration data) U.S. The drop resulted from the number of rigs drilling for oil dropping from 680 to 180.

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Oil & Gas 360º

MARCH 4, 2025

(World Oil) – Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of the worlds biggest oil producer Saudi Aramco. Oil use is set to rise by 1.3 Oil use is set to rise by 1.3 Thats slightly higher than the 1.05

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Oil & Gas 360º

MARCH 11, 2025

(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5

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Oil & Gas 360º

MARCH 4, 2025

(Oil Price) –BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on Tuesday, citing sources familiar with the plans. Production is also expected to grow, to 2.32.5

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Oilholics Synonymous Report

NOVEMBER 30, 2024

The last few weeks have brought range-bound volatility to the oil market with Brent futures oscillating between $70 and $75 per barrel. For the Oilholic, the now not-so-new Brent price floor is at $70 that OPEC appears to be protecting, although the producers' group rarely publicly comments on oil prices.

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NGT News

MAY 17, 2021

Seaboard Energy, a company that specializes in alternative energy sources, has chosen Haldor Topsoe’s HydroFlex renewable fuel technology to produce renewable diesel from tallow and soybean oil. The 6,500 barrels-per-day renewable diesel unit is currently under construction at Seaboard Energy’s site in Hugoton, Kan.,

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Oilholics Synonymous Report

OCTOBER 15, 2024

For the second successive session this week oil prices have slid further and faster. At the time of writing this post, The Oilholic noted that Brent and WTI front month futures contracts had breached their respective $74 and $70 per barrel floors. Photo: Oil production site. The IEA's prediction is below 1 million bpd.

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Oil & Gas 360º

MARCH 10, 2025

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.

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Oil & Gas 360º

MARCH 6, 2025

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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Rigzone: News

MARCH 3, 2025

The preliminary estimated gross recoverable resources encountered in the well are between 15 million and 43 million barrels of oil equivalent.

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BOE Report

MARCH 10, 2025

Energy Secretary Chris Wright said on Monday that he was pleased with OPEC actions and had no specific requests of the Saudi Arabia-led oil producers group. He said he was happy OPEC was returning barrels to the marketplace and said that more energy was good for the globe.

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Rigzone: News

FEBRUARY 25, 2025

According to its latest short term energy outlook, the EIA sees U.S. crude oil production, including lease condensate, averaging 13.59 million barrels per day this year.

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Energy Central

FEBRUARY 10, 2022

Does the winter energy crunch mark the start of a much longer energy crisis? New studies into the oil industry’s diminishing energy returns (EROI) suggest we are slipping down a perilous energy cliff. Energy Flux delves into.

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Energy Central

NOVEMBER 21, 2022

According to the Energy Information Administration (EIA), at the beginning of the pandemic U.S. million barrels per day (BPD) of operable refining capacity (Source). One of the under-reported factors behind the ongoing diesel shortage is the loss of U.S. refining capacity since the start of the Covid-19 pandemic. refiners had 19.0

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Oilholics Synonymous Report

FEBRUARY 14, 2025

Over the course of Thursday and Friday - days III & IV - of India Energy Week 2025 that put us on the home stretch of the global event, conversations turned more meaningfully towards the Indian government's assertion of placing a 'gas economy' at the heart of its march to net zero by 2070. Have a read here if you wish.

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Permian Basin Oil and Gas Magazine

MARCH 4, 2025

SM Energy of Denver recently reported record oil production for 2024 and also a company record for yearend estimated net proved reserves. Oil production last year was 29.4 million barrels (80,200 barrels per day) up 23 percent from 2023. Production in 4Q in Midland Basin was 4,957,000 barrels of oil (53,900 b/d).

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Energy Central

FEBRUARY 18, 2022

The price of West Texas Intermediate (WTI) opened 2022 at about $75 a barrel (bbl). To recap, in the first half of 2014, oil prices spent most of the time bouncing between $100/bbl and $105/bbl. But the shale boom had put millions of new barrels of oil into. That was also the last year the price of WTI was above $100/bbl.

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Energy Central

SEPTEMBER 12, 2024

World crude oil extraction reached an all-time high of 84.6 million barrels per day in late 2018, and production hasn’t been able to regain that level since then. World monthly crude oil production based on data of the US Energy Information Administration (EIA).

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Oilholics Synonymous Report

SEPTEMBER 10, 2024

The second day of the fresh trading week has heaped yet more misery on the oil market. Having breached $75 per barrel floor, Brent futures are now testing $70 with the WTI having fallen through it some time ago. Photo: Oil production site. But as it appears, the whole market might well be in surplus regardless.

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Valor

FEBRUARY 24, 2025

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oildips on pending Kurdistan supply resumption Summary : Oil prices declined on Monday, extending last weeks losses, as markets anticipated the resumption of crude exports from Iraqs Kurdistan region.

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Energy Central

APRIL 3, 2023

Oil prices soared 7 percent on Sunday night after the group’s move to cut 1.2 million barrels a day. NYT BY CLIFFORD KRAUSS, NOW Saudi Arabia, Russia and their oil-producing allies announced on Sunday that they would cut production by more than 1.2 Oil prices.

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Energy Central

JUNE 24, 2024

Canary Media: "Chart: Electric vehicle growth is slowly eating into global oil demand." " By IEA’s estimates, the world will still be using too much oil to be on track for climate targets by 2030 — even though EVs are expected to displace millions of barrels of oil per day by then.

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BOE Report

MARCH 12, 2025

crude oil stockpiles rose and fuel inventories fell last week as seasonal refinery maintenance season ticked along, the Energy Information Administration (EIA) said on Wednesday. million barrels to 435.2 Crude inventories rose by 1.4

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Oil Gas Leads

MARCH 4, 2025

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. Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. per barrel , marking a 5.2% year-over-year increase.

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Energy Central

JUNE 24, 2024

The International Energy Agency (IEA) recently released its Oil 2024 report, which examines the global dynamics for oil supply security, refining, trade, and investment.

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Energy Central

SEPTEMBER 7, 2023

The Permian, Eagle Ford and Williston In this report, we will analyze the latest developments in the 3 largest US tight oil basins, which include the Permian, Williston, and the Eagle Ford. million barrels of oil per day in May 2023, while outside these basins less than 1.2 Together, these basins were producing over 7.5

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Reporting Oil and Gas

NOVEMBER 28, 2023

percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 million barrels, according to Finance Minister Ken Ofori-Atta. million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46 million barrels. However, this marked a 9.54

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Energy Central

AUGUST 25, 2022

Storing oil in decommissioned tankers has been ongoing for decades. It’s a marketing ploy by oil traders who purchase during periods of low prices and hold onto the oil until demand and prices rise. The current case of the FSO Safer brings to light a practice that needs to stop.

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Egypt Oil & Gas

MARCH 11, 2025

The Minister of Energy of Indonesia Bahlil Lahadalia announced that the country is to build oil refineries on several of its islands, including Kalimantan and Sulawesi, with a total capacity of 1 million barrels per day (mmbbl/d) increasing from 500,000 b/d, Reuters reported.

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Energy Central

JULY 28, 2022

Oil Prices rallied between December 2021 and March 2022 to hit new 14-year highs. The light crude oil raced to reach $130 per barrel before plunging to a low of $93 in April. And after surging again to hit a high of $123 on June 10, the WTI crude oil price pulled back again to trade below $94 last week.

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Energy Central

OCTOBER 7, 2024

Energy Information Administration, year-to-date daily average oil production is 13.2 million barrels per day. oil output remains a key driver of the global energy market. crude oil production will almost. According to the latest Weekly Petroleum Status Report from the U.S. million BPD.

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Energy Central

JULY 7, 2023

Summary Sept 28, 2022, the Dallas Fed surveyed 153 oil companies. 85% expect a significant tightening of oil supplies in 2024. production will be down 20 to 30 percent quickly" Supply issues will drive oil and gas prices much higher in 2024. Oil is at $77 a barrel now, $95 is likely by year end, and higher in 2024.

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Energy Central

MARCH 11, 2024

It's no secret that oil and gas is a boom-and-bust industry, and with production projected to increase to 13.7 million barrels a day in 2024, it's currently on the up. But this won't last forever.

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