US oil production to hit record amidst declining costs, drilling efficiencies
Macquarie models U.S. production exiting 2025 at about 14.5 MMbpd, despite expectations for significantly lower crude prices.
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Macquarie models U.S. production exiting 2025 at about 14.5 MMbpd, despite expectations for significantly lower crude prices.
Energy shares jumped 124% so far since Biden took over at the Oval Office vs. a 65% decline for the comparable period under Trump.
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Demand for fossil fuels will not grow indefinitely, but it will probably be more resilient than most may expect.
US Oil Rig Count Rises: The oil rig count was 510 in the week ended Mar 15, increasing from the week-ago figure of 504.
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ExxonMobil has been able to grow reliable, affordable, low-carbon production while reducing emissions, which Cahir said is vital.
Mr. Paul believes that without future exploration, we will continue to tap into proven reserves, causing oil prices to increase.
Discover the pros and cons of leasing vs. owning oil and gas rights. Make informed decisions aligned with your goals in the lucrative energy sector.
Crude oil futures rose Wednesday as Federal Reserve Chair Jerome Powell indicated that interest rates will likely come down this year.
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