Oil and gas development in the Permian Basin continued to resume as the fossil fuel markets recover from 2020’s collapse created by the COVID-19 pandemic. As prices rebounded this year from historic declines last year, […]
Energy News Beat Publishers Note (ENB): Rystad is one of the most trusted names in the energy space. Their predictions are usually spot on – We are looking at numbers and would make a prediction […]
Global energy demand is set to increase by 4.6 per cent in 2021, more than offsetting the 4 per cent contraction in 2020 and pushing demand above 2019 levels, the International Energy Agency (IEA) has said in a […]
Two years ago, Pioneer Natural Resources was reversing course and retrenching after Wall Street soured on the Irving-based oil and gas company. “The market clearly isn’t paying for your business model,” one analyst said while another complained […]
London — Shell expects to have produced about two-thirds of its existing oil and gas reserves over the next two decades, the company said April 15, highlighting its falling exposure to future oil prices as the […]
Saudi Arabia’s oil facilities were targeted with drones and missiles for the second time in a week, with Yemen’s Houthi rebels claiming an attack on the south-western refinery town of Jazan. The Houthis launched missiles […]
EIA forecasts U.S. crude oil production in the U.S. Federal Gulf of Mexico (GOM) to increase in the next two years, according to the latest Short-Term Energy Outlook (STEO). By the end of 2022, 13 new projects […]
New Delhi: Global oil prices will climb above $70 per barrel around mid-2021 as improved supply and demand fundamentals beginning May lead to substantial stock draws through to August, according to S&P Global Platts. The research firm said […]
By Chen Aizhu, Shu Zhang, Sabrina Valle SINGAPORE/Rio de Janeiro, Brazil (Reuters) – China’s record imports of Iranian crude in recent months has squeezed out supply from rival producers, forcing sellers of oil from countries such as Brazil, […]
DiamondBack Energy Inc on Monday raised its full-year production outlook as the shale oil and gas producer accounted for its acquisition of rival QEP Resources and benefited from a recovery in crude prices. Commodity prices are picking up […]
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