Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?
Rextag
FEBRUARY 24, 2025
Factors Driving 2024 Prices: Geopolitical tensions in the Middle East and Russia-Ukraine conflict pushed prices above $85/bbl at times. Gulf Coast refineries. WTI (West Texas Intermediate) Price: Averaged $76 per barrel throughout 2024. OPEC+ supply cuts kept prices relatively stable despite rising U.S. production. MMBbl/d (+1.8
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