article thumbnail

Russia Set to Resume Oil & Gas Operations in Iraqi Kurdistan 

OilPrice

Russia is to restart its key oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI) according to recent comments from its Energy Minister Sergei Tsivilev.

Operator 286
article thumbnail

Jeff Currie: The World Has Reached Peak Oil Trade

OilPrice

Global trade in fossil fuels peaked in 2017 and is set to decline as nations seeking energy security accelerate investments in renewable energy and nuclear power, Carlyle Groups Jeff Currie wrote in a research note Monday.

Oil 278
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Permian Is Not Done Yet

OilPrice

Back in 2017, oil production in the Permian stood at 2.2 Production growth in the most prolific shale play in the United States has been slowing already as production costs climb higher while oil prices slide lower. million barrels daily. To be sure, the boom days seem to be over. To be sure, the boom days seem to be over.

Barrel 269
article thumbnail

OPEC Demands Consistency After Another IEA U-Turn

OilPrice

This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says. OPEC reviewed the messages the IEA has issued since 2017 in an article published on its website.

Field 280
article thumbnail

2025-2026 Oil Market Outlook: An Update

Energy Outlook Advisors

Subscribe now Oil market data has deteriorated since 2017 due to the US EIA's inability to define "crude" and distinguish actual crude production in shale plays. Sanctions on Iran and Venezuela in 2018 worsened the situation, with both countries using dark fleets to export oil, and Iran ceasing to publish OPEC production data.

Oil 211
article thumbnail

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

Crude Oil 130
article thumbnail

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. Vaca Muerta, the world’s second-largest unconventional gas reserve and fourth-largest oil reserve, located in the province of Neuquén, is one of Argentina’s main attractions.

Energy 130