Tag: oil production
Trump’s economic plans called for more oil drilling and lower gas prices. He’s only getting the latter.
As President Trump began his second term, he proclaimed in his inauguration speech that America...
Oil Prices Set for Sharpest Weekly Decline Since June Ahead of OPEC+ Meeting
Crude oil prices were on course to book their steepest decline in four months following reports...
Can Trinidad and Tobago Escape the Oil Trap?
For decades, Trinidad and Tobago has relied on oil production to bring in revenue to the...
Forget OPEC Warnings The Real Oil Shock Is Happening Inside Russia
While the world is watching the UN General Assembly discussions on Gaza-Israel, hybrid warfare in...
U.S. Shale Costs to Soar to $95 per Barrel Within a Decade
The era of falling breakeven costs in the U.S. shale patch may soon come to...
American Oil Majors Expand as Smaller Producers Retreat Amid Price Pressures
Previously, we reported that U.S. oil production has maintained its upward trajectory in the current...
US oil titan to cut up to 25% of its workforce — impacting thousands. So what happened to ‘drill baby drill’?
“Drill baby drill!” proved a popular rallying cry for Donald Trump during the 2024 presidential election....
OPEC+ set to raise oil output further from October, sources say
By Olesya Astakhova, Dmitry Zhdannikov and Ahmed Rasheed LONDON/MOSCOW/BAGHDAD (Reuters) -OPEC+ is set to...
Why China’s Oil Production Keeps Growing Despite Lower Oil Prices
Over the past couple of years, China’s oil industry has revealed a peculiar...
Goldman keeps Brent oil forecast, but flags downside risks to demand
(Reuters) -Goldman Sachs on Sunday reiterated its oil price forecast with Brent averaging $64 per barrel...
Oil falls as OPEC+ output hike adds to oversupply concerns
By Shariq Khan NEW YORK (Reuters) -Oil prices fell to their lowest levels in...