The energy crisis is a tragedy for the consumers as many are facing paying 50% more for heating their homes this winter. This morning on Bloomberg Francisco Blanch, BOFA Global Research, commented that Europe, and […]
Occidental Petroleum Corp. has agreed to sell its interests in two Ghanaian oilfields for $750mn, drawing a line under a two-year divestment… Occidental Petroleum Corp. has agreed to sell its interests in two Ghanaian oilfields […]
Shortages of natural gas in Europe and Asia are boosting demand for oil, deepening what was already a sizable supply deficit in crude markets, the International Energy Agency said. Crude has surged above $80 a […]
Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc. Crude and […]
Petrodollars are once again flowing in for Saudi Arabia. The kingdom is earning more money from oil exports than at any time since 2018, as the global economic recovery and OPEC+ production cuts boost prices. […]
The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group. There’s little chance of Iranian barrels returning to global markets this year and U.S. shale […]
The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America. Natural gas prices have […]
The number of oil and gas rigs in the United States rose by 7 this week, according to Baker Hughes, bringing the total additions over the last four weeks to 31. The total rig count is […]
Demand for oil will grow sharply in the next few years as the global economy recovers from the pandemic, OPEC said on Tuesday, adding that the world needs to keep investing in oil production to […]
It is funny you should ask, and the answer is data. If you need data, look to Enverus for the solution. We sit down with Bernadette Johnson, Senior Vice President, and General Management, Enverus, and […]
Copyright © 2025 | Sandstone Group