There is no expectation that oil prices will rise much next year. It will stay in the $40-50 a barrel range. This will put additional pressure on the oil exporters in the Middle East, the International Monetary Fund (IMF). This was a report on Monday in its update on the Regional Economic Outlook for the […]
Oil prices will struggle to rise above $50 a barrel because of the technological shift in U.S. shale that has unlocked more production in recent years, and because of the growing importance of environmental considerations in investing, Morgan Stanley says. According to the investment bank’s most recent market insight on crude oil, the market moved […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
U.S. energy companies were returning workers and restarting operations at storm-swept production facilities along the U.S. Gulf Coast on Sunday, two days after Hurricane Delta barreled through the area. Chevron Corp, Royal Dutch Shell Plc and BHP Group all said workers were headed back to production platforms in the U.S.-regulated northern Gulf of Mexico. BHP […]
Their budgets just don’t add up anymore. That’s why natural gas offers the lifeline of distressed gulf oil giants. Oil-rich Arab nations are in the throes of a deep economic crisis and facing gaping holes in their finances. Saudi Arabia needs the price of Brent crude to rise to $76 dollars a barrel while UAE […]
Premier Oil Plc will be acquired by Chrysaor Holdings Ltd. in a reverse takeover, creating the largest listed independent oil and gas producer in the UK North Sea. The deal marks the end of the road for one of the oldest independent oil explorers. After years laboring under a mountain of debt Premier has finally […]
Jennifer Starck was all set to head to medical school after finishing her degrees in chemistry and chemical engineering. Then she encountered a BP recruiter at a job fair who is in the Alaska oil and gas industry. Before she knew it, she had a job offer and a choice to make. “They said ‘Houston […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
A significant cooldown has arrived, with the jet stream from Canada plunging this weekend, which will allow the eastern United States to experience its first taste of fall for much of next week. The ten-day outlook in terms of the thermal aspect shows a cold airmass will encompass all U.S. Plains, Midwest, Southeast, and Northeast, […]
Market sentiment has been generally bullish over the last week supported by (i) supply disruption caused by Hurricane Sally in the Gulf of Mexico (ii) a draw in commercial crude oil inventories by 4.4 million barrels w/w and (iii) strong language coming from OPEC+ during the JMMC meeting last Thursday, during which Saudi Arabia pressured […]
