OilPrice

MARCH 14, 2025

per barrel above the Dubai benchmarkor less. per barrel above the Dubai benchmark. per barrel above the Dubai benchmark. per barrel above the Dubai benchmark. Qatar has followed Saudi Arabia in cutting the price of its al-Shaheen crude for May deliveries, Reuters has reported, citing trade sources.

IT 200

IT Barrel Oil 200

OilPrice

MARCH 6, 2025

Indonesia is going all-in on oil with a massive $12.5 The government announced plans for the 531,500-barrel-per-day facility, making it one of the largest in the regionbecause when youre an economy growing as fast as Indonesias, relying on imports just isnt cutting it anymore.

Refinery 239

Refinery Oil Barrel Government 239

Oil & Gas 360º

MARCH 6, 2025

(World Oil) –Ecuadors President Daniel Noboa has ordered a consortium seeking to take over the nations top oil asset to pay an entry fee of $1.5 Previously, the consortium of local subsidiaries of Chinese oil company Sinopec and New Stratus Energy Inc. billion by March 11, moving up the deadline by more than three weeks.

Oil 233

Oil Barrel Field Government 233

OilPrice

MARCH 13, 2025

Guyanas government has officially yanked the plug on the Frontera-CGX joint venture, canceling its oil prospecting license for the Corentyne block. The Corentyne block was supposed to be a much-needed diversification play in Guyanas oil scene, which is basically ExxonMobils playground. Now, its official. With the U.S.

Barrel 299

Barrel Oil Government IT 299

OilPrice

MARCH 10, 2025

Shandong Yulong Petrochemical, the newest refiner in China, is set to begin trial runs at a 200,000-barrels per day crude processing unit later this month, traders familiar with the facilitys plans told Reuters on Monday, in what could be a boost to Chinese crude oil imports in the coming months.

Refinery 239

Refinery Oil Crude Oil Barrel 239

OilPrice

MARCH 7, 2025

per barrel over Oman/Dubai, a 40-cent cut. Saudi Arabia just dialed back its crude prices for Asia, according to Aramcos just-published rate sheet. The company has trimmed official selling prices (OSPs) for the first time in three months, with Aramcos April price sheet now showing Arab Light at $3.50 sanctions squeezing Russian supply.

Barrel 293

Barrel Oil IT 293

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.

Barrel 315

Barrel Oil IT Energy 315

OilPrice

MARCH 12, 2025

Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. According to the Chairman of Libyas National Oil Corporation, Masoud Sulaiman, Libya plans to increase its oil output from 1.4 mb/d currently to 2 mb/d in 2028.

Field 314

Field Shutdown Barrel Oil 314

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. We are in phases of discussions with the majors, we are having an open dialogue, energy minister Almasadam Satkaliyev said, as quoted by Reuters,

Oil 199

Oil Barrel Field Government 199

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

Natural Gas 130

Natural Gas Oil Gas IT 130

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. was staring down the barrel of energy scarcity. was staring down the barrel of energy scarcity. But the script has since flipped.

Hydraulic Fracturing 273

Hydraulic Fracturing Natural Gas Barrel Gas 273

OilPrice

MARCH 7, 2025

Crude oil prices remain under pressure, struggling to gain upside traction as bearish fundamentals dominate sentiment. A combination of OPEC+ supply hikes, trade war escalations, and weak demand indicators has kept oil bulls at bay, reinforcing a bearish outlook for the market.

Oil 148

Oil Crude Oil Barrel IT 148

BOE Report

MARCH 11, 2025

CALGARY – The Alberta government says Premier Danielle Smith has been in talks with a multinational oil and petrochemical player about selling two million barrels per month of province-owned heavy oil.

Government 137

Government Oil Barrel IT 137

Oil & Gas 360º

MARCH 13, 2025

(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore. Hambly, President and CEO of Murphy Oil.

Oil 130

Oil Offshore Exploration and Production Barrel 130

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 Thats slightly higher than the 1.05

Oil 130

Oil Barrel Natural Gas IT 130

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. Most likely, no.

Oil 130

Oil Barrel IT Energy 130

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

Oil 130

Oil Upstream Management Gas 130

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.

Oil 130

Oil Barrel Crude Oil Completion 130

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.

E&P 130

E&P Oil Exploration and Production Field 130

BOE Report

MARCH 14, 2025

Barclays on Friday lowered its 2025 Brent oil price forecast by $9 per barrel to $74 per barrel, citing a softer demand outlook amid elevated economic uncertainty. Brent crude futures were trading around $70 a barrel on Friday, after settling 1.5% lower in the previous session.

Oil 88

Oil Barrel IT 88

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. crude oil supply growth smaller than what it has been/ what is expected fuels our bullish oil outlook. mmbd four years ago (green line).

Oil 130

Oil Natural Gas Gas BCF 130

Egypt Oil & Gas

MARCH 6, 2025

Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5% from January to 1.83

BBL 75

BBL Oil Gas Condensate Crude Oil 75

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.

Refinery 130

Refinery Barrel Pipeline Crude Oil 130

BOE Report

MARCH 11, 2025

Mexico’s state oil company Pemex expects to continue diverting barrels of heavy crude away from U.S. Gulf Coast refiners as its new Olmeca refinery ramps up processing, the head of the company’s trading arm PMI, Margarita Perez, said on Tuesday.

Oil 57

Oil IT Refinery Barrel 57

Rigzone: News

FEBRUARY 25, 2025

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

Crude Oil 59

Crude Oil Oil Condensate Barrel 59

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.

Oil 130

Oil Barrel IT Energy 130

Oilholics Synonymous Report

FEBRUARY 14, 2025

Shale has already greatly changed the rules of international oil and gas trade and geopolitics, with the US making a significant shift from conventional to non-conventional oil and gas fields. As it appears, the worlds remaining proven hydrocarbon reserves, 70% of oil and 45% of gas are considered unconventional.

Gas 130

Gas Oil Energy Energy 130

Rigzone: News

JANUARY 20, 2025

Talos said it expects production in line with pre-drill estimates of approximately 15 to 20 thousand barrels of oil equivalent per day (MBoepd) gross.

Oil 52

Oil Barrel Gas IT 52

Permian Basin Oil and Gas Magazine

MARCH 4, 2025

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Pemex produced crude oil and condensate of 1.62 appeared first on Permian Basin Oil and Gas Magazine.

Crude Oil 52

Crude Oil Oil Refinery Condensate 52

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.

Oil 52

Oil Barrel Finance Casing 52

BOE Report

MARCH 11, 2025

Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; its simple and easy to use. Posting Date Job Title [Read more]

Oil 57

Oil Gas Barrel IT 57

Rigzone: News

FEBRUARY 19, 2025

per barrel in 2025. According to its February STEO, the EIA sees the WTI spot price averaging $70.62

Barrel 52

Barrel Oil IT 52

Rextag

NOVEMBER 25, 2024

crude oil inventories grew by 545,000 barrels last week to reach 430.3 million barrels , defying analyst forecasts of an 800,000-barrel decline. Adding to the intrigue, oil held in the Strategic Petroleum Reserve (SPR) rose by 1.4 million barrels to 389.2 million barrels. million barrels to 389.2

Oil 40

Oil Barrel Crude Oil Refinery 40

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

Crude Oil 52

Crude Oil Oil Barrel Field 52

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. ” The report cites the.

Oil 45

Oil Barrel Energy Energy 45

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.

Refinery 52

Refinery Crude Oil Barrel Oil 52

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.

Oil 52

Oil Gas Barrel IT 52