Oil prices rise as OPEC+ holds firm on output through Q1 2026
Oil prices rebounded in early Asian trade after OPEC+ chose to keep output steady through the first quarter of 2026.
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Oil prices rebounded in early Asian trade after OPEC+ chose to keep output steady through the first quarter of 2026.
U.S. natural gas pipelines are seeing their biggest expansion since 2008, driven by surging LNG, data-center, and manufacturing.
ExxonMobil will buy a 40% stake in the new Bahia NGL pipeline from Enterprise Products Partners to boost Permian gas takeaway capacity.
Saudi Aramco wants to become a major liquefied natural gas player, especially in the US as its LNG capacity nearly doubles.
The IEA predicts an increase in oil and gas consumption through 2050, with the US set to remain the world’s largest producer.
The total number of active drilling rigs for oil and gas in the US rose this week, Baker Hughes reported Friday.
British oil giant BP on Tuesday reported third-quarter net profit of $2.21 billion, beating analyst expectations.
ExxonMobil acquired 80,000+ net acres in the Permian Basin from China’s Sinochem, boosting its U.S. oil footprint.
Energy Secretary Chris Wright said the US is prepared to sell more oil and natural gas to China if Beijing cuts back on purchases from Russia.
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