(Reuters) – The OPEC+ decision to extend crude oil production cuts is an acknowledgment that demand growth is still uncertain, but also that the group remains hopeful its bullish scenario is correct. The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia, agreed at a meeting on Sunday to extend the total of 5.86 …
OPEC+ Bets the Robust Crude Oil Demand Forecast is Right Read More »
Unlock the Power of GIS in your Pipeline Management In this pre-recorded webinar Jeff Allen, Global Pipeline Practice Lead at Esri, discusses cutting-edge location intelligence strategies that are transforming traditional pipeline operations and decision-making. Learn how integrating spatial insights can significantly enhance the safety, efficiency, and growth of your pipeline enterprise. Your learning outcomes will …
Pandell Leadership Series: Location Intelligence Strategies for the Pipeline Industry Read More »
Midstream companies and E&Ps may have different priorities, but continued pipeline development is crucial for the basin’s future.
Summary OPEC+ prolongs some cuts by one year OPEC+ to phase out other cuts very slowly Group faces rising oil stocks, tepid demand growth (Reuters) – OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, …
OPEC+ Extends Deep Oil Production Cuts into 2025 Read More »
Summary EIA: U.S. crude output in March at highest level in 2024 U.S. inflation tracks sideways in April OPEC+ eyes deal to extend production cuts, sources say (Reuters) – Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer …
Oil Settles Down Ahead of OPEC+ Meeting, Posts Weekly Loss Read More »
(Reuters) – The U.S. gasoline market is flashing signs of weakness at the start of summer driving season, a time it generally picks up strongly, and analysts say this clouds the picture for oil demand ahead of the OPEC+ group policy meeting that kicks off this weekend. U.S. gasoline demand fell about 2% week-over-week to 9.15 million barrels a …
Weak U.S. Gasoline Demand Compounds Pressure on Oil Ahead of OPEC+ Meet Read More »
(Reuters) – U.S. oil drillers are sticking to pledges to temper spending on boosting output, keeping the world’s top crude producer on course for slower growth in 2024 in what may ease pressure on OPEC+ to make further supply cuts this weekend. The U.S. has driven growth in global oil supply from non-OPEC producers over …
U.S. Oil Producers Maintain Modest Growth as OPEC+ Eyes Extended Cuts Read More »
Woodside Energy’s Scarborough LNG project, located off Australia’s coast, is scheduled to start shipping cargo in 2026.
The funding will be used to conduct a feasibility study to establish the viability of direct air capture as a business and technology in California, the company says.
Royale Energy has four producing wells, with a fifth and sixth being drilled and completed in Ector County, Texas, with plans to bring them online later this year.
