Tag: oil production
Crude Prices Erase Early Gains on Optimism for a Ukrainian Peace Deal
January WTI crude oil (CLF26) on Friday closed down -0.10 (-0.17%), and January RBOB gasoline...
Oil Markets Lackluster Amid Russia Peace Deal, China’s Stockpiling
Sentiment in oil markets remains overwhelmingly negative, driven by perceived market oversupply and negative global...
Petrobras’ five-year investment plan reduced by 2% to $109bn
Brazil’s state-owned Petrobras has announced that its Board of Directors approved its investment plan for the...
Expert Claims Gas Prices Likely To Fall 10 to 30 Cents in November — Here’s Why
Inflation has been on the mind of consumers for years now, especially since the consumer price...
Brazil, Guyana, and Argentina Lead Next Wave of Non-OPEC Oil Production
Oil from offshore Brazil, Guyana, Suriname, and Argentina’s Vaca Muerta shale play will be key...
Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows
Big Oil leaders Exxon Mobil, Chevron, and Shell continue to hike their crude oil production...
Peru Bets on Chevron and Riyadh to Jumpstart Its Energy Future
One of the world’s top copper producers, Peru, looks to turn around its energy and critical...
Oil Tankers Jam Seas as Global Glut Builds
The amount of oil on tankers in transit has jumped to the highest since 2016, and...
EIA Raises U.S. Oil Output Forecast, Warns Oversupply Could Crush Prices
The United States is on track to break yet another oil production record this year, but...
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...