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Fossil fuels rise in Europe and U.S. despite soaring clean energy

Oil & Gas 360º

In Europe, utilities across the European Union boosted electricity output from gas and coal plants by 13% in the first half of 2025 from a year earlier—the biggest annual increase for January to June since 2017. Gas-fired power plants saw generation jump by 19% to the highest level in three years.

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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

Oil sands had an average break-even price of $51.80/bbl bbl between 2017 and 2019, according to BMO. In contrast, a recent Dallas Federal Reserve survey of over 100 oil and gas companies in Texas, New Mexico and Louisiana found that shale oil producers need a WTI oil price of $65 per barrel on average to profitably drill.

Oil
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Argentina set for M&A boom under Milei, with energy in focus, PwC says

Oil & Gas 360º

In 2024, Argentina recorded 99 M&A deals, the highest since 2019, with transaction values reaching $8 billion—the largest amount since 2017, PwC data showed. Despite the surge, investors remain cautious due to lingering dividend repatriation restrictions and high country risk.

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Permian Basin drives growth in tight oil production in U.S. onshore lower 48

Permian Basin Oil and Gas Magazine

Onshore crude oil production in U.S. Energy Information Administration, driven by growth in tight oil production in Permian Basin. Onshore production includes both legacy oil production primarily from vertically drilled wells and newer tight oil production primarily from horizontally drilled wells.

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Canada's Oil Sands to Reach Record Production in 2025, S&P Global Says

Rigzone

"The increased trajectory for Canadian oil sands production growth amidst a period of oil price volatility reflects producers' continued emphasis on optimization—and the favorable economics that underpin such operations," Kevin Birn, chief Canadian oil analyst for S&P Global Commodity Insights, said.

Oil
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India’s Misunderstood Role in Global Oil Markets: Sanctions Changed Oil Trade Directions But Did Not Change Supply & Demand

Energy Outlook Advisors

Trade direction shifted due to G7/EU sanctions on Russian oil, benefiting major Indian oil companies. Most discounts on Russian crude stem from high shipping costs, not direct savings for refineries. Figure (1) shows India’s crude oil imports since 2017.

Oil
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EIA forecasts Alaska crude oil production will grow in 2026 for the first time since 2017

Oil & Gas 360º

(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Average annual crude oil production in Alaska peaked at 2.0