The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of over 18,500 boed, averaging about 45% oil and 55% liquids. The […]
Yahoo Finance NEW YORK (Reuters) –Oil prices climbed about 3% on Wednesday after a disruption at Libya’s top oilfield added to fears that tensions in the Middle East could reduce global oil supplies. Brent futures […]
World Oil (Bloomberg) – OPEC+ will resume its regular oil market monitoring meetings with an online session early next month, delegates said. The Joint Ministerial Monitoring Committee, which includes group leaders Saudi Arabia and Russia, […]
Oil Price The sovereign wealth funds of the Gulf Cooperation Council members topped $4 trillion last year, which was an all-time high. Called the “Oil Five”, the group of top sovereign wealth funds includes three […]
Daily Standup Top Stories OPEC+ set to hold monitoring meeting in early February January 3, 2024 Allen Santos Nasdaq LONDON/DUBAI, Jan 2 (Reuters) – OPEC+ plans to hold a meeting of its Joint Ministerial Monitoring Committee […]
(Bloomberg) – Libya’s largest oil field halted production after protesters entered the facility, according to a person with direct knowledge of the operations. Libya’s Sharara oil field The country’s National Oil Corp. had warned earlier […]
Nasdaq LONDON/DUBAI, Jan 2 (Reuters) – OPEC+ plans to hold a meeting of its Joint Ministerial Monitoring Committee (JMMC) in early February, though an exact has not been decided, three sources from the alliance said. […]
Yahoo Finance HOUSTON (Reuters) -Oil prices dipped during the first session of 2024, with economic headwinds from interest rate jitters unraveling gains from worries that tensions in the Red Sea could disrupt supplies. Source; Reuters […]
Daily Standup Top Stories OPEC’s Influence on Oil Prices To Remain Significant In 2024 January 2, 2024 Mariel Alumit Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by […]
January 2, 2024 Data source: Bloomberg, L.P. Note: Spot prices are in nominal terms and are not adjusted for inflation. The price of Brent crude oil averaged $83 per barrel (b) in 2023, down from […]
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