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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.

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The heart of the US oil boom is slowing

Oil & Gas 360º

(BOE Report) –NEW YORK (Reuters Breakingviews) Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. produced about 5 million barrels of crude oil per day, down by half from the 1970s. Twenty years ago, the U.S.

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The Permian is not done yet

Oil & Gas 360º

(Oil Price) –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. Output of crude oil in the play will plateau at 7.7 million barrels daily.

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New creditors’ battle emerges in Citgo auction reboot

Oil & Gas 360º

refiner Citgo Petroleum is dealing with a fresh dispute between creditors after a lowball starting bid was recommended in a reboot of the sale. ” The case overseen by Stark was first introduced by Canadian gold miner Crystallex in 2017 after winning an arbitration case, allowing other creditors in similar situations to join.

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A Key Resource For Structuring Oil & Gas Joint Operations

The Energy Law

Part 1 of the article appears in the 2017 Spring, volume 36, no. 1 edition, while part 2 will follow in the 2017 Summer edition.

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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. Strathcona would like to thank its entire Montney team, led by President Al Grabas, for their invaluable contributions in growing the Montney business from just 5 Mboe / d in January 2017 to 72 Mboe / d in 2024. Tourmaline) for $291.5

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Dana Gas Increases Investment in Kurdistan Fields

Iraq Business News: Oil & Gas

Khor Mor field development The companies announced that daily production from Khor Mor in early March reached 525 MMscfd of natural gas, a growth of 75% since 2017, in addition to 15,200 b/d of condensate, and 1,070 t/d of LPG. The proceeds will be used to finance these near-term growth opportunities and for general corporate purposes.

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