The year 2020 was a watershed moment for the fossil fuel sector. Faced with a global pandemic, severe demand shocks, and a shift towards renewable energy, experts warned that nearly $900 billion worth of reserves–or […]
We covered this increase in production on our Energy News Beat podcast. Saudi Arabia could not hold out much longer on their reductions in production. OPEC’s oil exports have jumped by 1 million barrels per […]
Oil prices rebounded on Friday morning as inflation fears fade and the global supply glut slowly drains, although the IEA did revise its demand projection downward. Oil prices rebounded on Friday after a midweek selloff. […]
Energy News Beat Publishers Note (ENB): While this is an excellent article, it is not showing how Iran had continued production around the sanctions. The production and oil field activity have shown that it had […]
CALGARY, AB and LANSING – The Government of Canada and entities representing hundreds of thousands of businesses and workers from across the Great Lakes region in the United States and Canada demonstrated support for Enbridge’s case in federal court over the Line 5 […]
ExxonMobil has boosted its 2025 forecast for Guyana crude production to up to 800,000 b/d with plans for a fourth project on the deepwater Stabroek block, the company said in its latest environmental permit application. […]
The excess oil inventories of the past year have been all but depleted, and a strong demand rebound in the second half this year could lead to even steeper stock draws, the International Energy Agency […]
Despite OPEC+ output reductions and the extra 1 million barrels per day (bpd) voluntarily cut by Saudi Arabia that lowered the Kingdom’s crude oil output to around 8 million bpd in February and March (the […]
You have to listen, watch, or read this interview on The Energy News Beat Podcast! We interview Ryan Ray, who is the most fun podcaster in the oil and gas market! It did not take […]
Shell Offshore Inc. (“Shell”), a subsidiary of Royal Dutch Shell plc, today announced a significant discovery at the Leopard prospect in the deep-water U.S. Gulf of Mexico (GoM). The Leopard well encountered more than 600 feet (183 meters) net oil pay […]
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