TotalEnergies CEO Pouyanné: I’ve no good news to deliver, oil prices will remain high. Continuously growing global oil demand amid muted new investment in production will keep oil prices elevated. Pouyanné’s view that oil prices […]
Oil prices rose late on Wednesday afternoon with Brent reaching just shy of $92 per barrel. But JPMorgan is warning that Brent crude could “easily” reach $120 per barrel—if the geopolitical conditions between Russia and Ukraine deteriorate. […]
The U.S. shale patch is experiencing its best-ever economics this year thanks to a combination of disciplined spending and high oil prices. The Permian basin is still leading U.S. shale production growth but basins in […]
HOUSTON/WASHINGTON (Reuters) – The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close to the discussions […]
Feb 7 (Reuters) – Canadian oil and gas producer Crescent Point Energy Corp is looking to sell some of its assets in Alberta and Saskatchewan that could fetch around C$500 million ($394 million), according to […]
The inspectors and engineers of the U.S. Bureau of Safety and Environmental Enforcement (BSEE) have conducted an offshore regulatory pre-production inspection of Murphy Oil’s King’s Quay floating production system (FPS) platform. The inspection of the […]
ENB Publishers Note: If Russia is to invade, Putin needs to take the steps in the next 10 days for 2 reasons. His tanks will sink in the mud, and the demand for winter natural […]
CEO sees U.S. oil growing up to 900,000 barrels a day in 2022 Warning comes after Exxon, Chevron plan Permian Basin boost ConocoPhillips said traders should be worried about strong oil production growth coming out of […]
Output in the U.S. shale patch is “re-booming” this year, with research and data analysis firm Lium LLC forecasting production will surge by more than 1 million barrels a day. That’s the most bullish industry forecast […]
Aramco’s move follows Brent oil jumping above $93 a barrel Prices climbing with demand strong and supply disruptions Saudi Arabia raised oil prices for customers in Asia, the U.S., and Europe after crude’s surge to […]
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