Summary Eight OPEC+ members met online OPEC+ cites steady economic outlook, healthy market fundamentals (Reuters) – OPEC+ agreed on Saturday to hike July oil output by 411,000 barrels per day (bpd), the same as in May and June, as the group of oil-producing countries continues to bring back supply more rapidly than earlier planned. Eight …
OPEC+ Agrees to Further Accelerated Oil Output Hike for July Read More »
Summary Brent and WTI down over 1% this week OPEC+ could discuss bigger July output rise at Saturday meeting Trade uncertainty continues after US appeals court decision (Reuters) – U.S. crude futures fell on Friday as traders expected OPEC+ would decide on Saturday to boost oil output for July beyond previous forecasts. Brent crude futures …
PwC data show the share of energy companies on track for Scope 1 and Scope 2 targets fell to 52% in 2024 from 57% in 2023. Scope 3 saw an even bigger fall, going from 67% to 52%.
The canceled awards, largely for CCS and decarbonization initiatives, include a $332 million award to Exxon Mobil Corp.
Powder River Basin E&Ps are turning to 3-mile laterals and untapped zones to improve the play’s economics. But with oil prices at $60/bbl and superior returns elsewhere, Wyoming must keep fighting for relevancy.
Northwind Midstream Partners continues to expand its sour-gas operations in southeastern New Mexico.
In a win for the energy industry, the Supreme Court justices narrowed the scope of environmental reviews in a case involving the Uinta rail project.
Midstream company Tejon Treating & Carbon Solutions is boosting its capacity at its Mongoose Gas Plant to 70 MMcf/d.
Here is a look at some of this week’s renewable energy news, including a move by the Trump administration to fast-track geothermal projects.
EOG Resources says the Encino Acquisition Partners transaction will be “transformative,” adding a third foundational pillar to its portfolio alongside robust holdings in the Permian Basin and Eagle Ford.
