Fossil Fuel Giants Cash in on Oil and Gas Prices? Woodside Energy’s quarterly revenue has nearly doubled. It was just in a year! Thanks to strong gas pricing following a similar announcement from oil and gas giant Santos last week. Woodside on Wednesday reported an 81% jump in its fourth-quarter revenue despite recent declines in oil prices. […]
Oil prices rose by around 1per cent on Monday to a seven-week high, extending last week’s gains on the back of a stronger outlook thanks to an expected economic recovery in top oil importer China this year. Brent crude was up US$1.28, or 1.5per cent, at US$88.91 a barrel at 11:06 a.m. EST (1606 GMT). […]
Oil production in South Texas, home of the second largest U.S. shale field, is going to rise as much as 4% this year. It is as higher prices spur more drilling and as U.S. crude exports set new records. Output in the Eagle Ford shale field tanked in 2020. On the other hand, it has […]
Oil prices rally extended Tuesday’s gains into Wednesday. It is rising by 1% in early European trade. It is as market sentiment turned bullish on hopes that China’s reopening would boost demand growth. With that, major economies may avoid recessions. The U.S. benchmark, WTI Crude, was trading up by 0.95% at $81.00 as of 9:05 CET. Brent […]
Average U.S. retail gasoline prices have risen due to the demand for the second week in a row. It is now 8.2 cents above the week ago price. This is waht Gas Buddy said in a note on Monday, citing refinery outages. While gasoline prices are now $3.25 per gallon as of Sunday and above […]
Since the initial discovery of oil at Spindletop on January 10, 1901, the financial fortunes of the Texas state government have tended to ebb. Thanks to oil and Gas! For the flow of fortunes of the state’s oil and gas industry. In his biennial official state revenue estimate that precedes each legislative session, Texas Comptroller […]
The Biden administration has backed down from a plan to impose what critics said were “draconian regulations”. It is in the Permian Basin of west Texas and southeastern New Mexico. This a move lauded by the oil and gas industry and Gov. Greg Abbott. The Biden Administration on Thursday released its Fall 2022 Unified Agenda of Regulatory […]
While S&P’s Dan Yergin expects the base case for oil prices to stand at $90 in 2023, there remains a chance it could go as high as $121 when China fully reopens, he said, adding that there are three major uncertainties looming over the market. Let’s talk more about this high oil price trend. “Our […]
Visiongain has published a new report entitled Offshore Oil & Gas Decommissioning 2023-2033. It includes profiles of Offshore Oil & Gas Decommissioning and Forecasts Market Segment by Removal Type, (Leave in Place, Partial Removal, Toppled in Place, Complete Removal) Market Segment by Techniques, (Well Plugging and Abandonment, Pipeline Decommissioning, Platform Decommissioning, Umbilical Decommissioning, Subsea Structure Decommissioning) Market […]
As crude oil prices have risen recently, that means higher gasoline prices across the nation — and Austin drivers are feeling the impact. The average price for a gallon of unleaded gas in Austin is $2.72. That’s up 14 cents from a month ago, when the cost was $2.58, according to a report from auto […]
