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The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down by $2 from its previous estimate. It has also cut its forecast for West Texas Intermediate (WTI) crude by $3/bbl, now projecting it to average $56/bbl for the remainder of 2025 and $52/bbl in 2026.
Energy Information Administration on Wednesday forecast that Alaska’s annual crude oil production will increase in 2026, a first since 2017 and, if realized, the largest since 2002.
Barclays lowered its Brent oil price forecast by $4 per barrel to $66/bbl for 2025 and by $2 to $60/bbl for 2026, citing the decision by OPEC+ to accelerate oil production hikes.
bbl compared to the Fall 2024 forecasts , largely attributed to expectations of increased production from both OPEC and U.S. MMbtu range through 2026, because of high liquified natural gas export demand and growing energy needs from artificial intelligence infrastructure. per barrel from $61.89 per barrel in Fall 2024.
Goldman Sachs sees upside risk to its Brent and WTI oil price forecast in 2025 and 2026 from recent trade de-escalation, it said in a note on Tuesday. The bank estimates around $3-4 per barrel of upside risk to its Brent and WTI oil price forecast of $60/bbl and $56/bbl respectively for the rest of [Read more]
The bank now expects Brent crude to average $60 per barrel for the rest of 2025 and $56/bbl in 2026 down [Read more] Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday.
The International Energy Agency (IEA) announced that global oil demand growth forecast for 2025 has been revised down to 730,000 barrels per day (bbl/d), a decrease of 300,000 bbl/d from the March report. IEA elaborated that in March, world oil supply surged by 590,000 bbl/d, recording 103.6
billion in 2026 and $1.1 $1.2 In light of low current oil prices, Strathconas updated long-range plan reflects a deferral of the sanction of the Lindbergh Phase 2 expansion project from 2026 to 2027 to prioritize near-term free cash flow generation. billion in 2026 and $1.1 Capital expenditures are expected to average $0.9 $1.0
That year oil still averaged a relatively strong $78/bbl though, different from a move towards the lower end of its cyclical trading range that 2025 is witnessing. That puts most E&Ps in a good position to maintain operations for the remainder of 2025, although the challenge they face increases if low prices persist into 2026.
With produced water now available for flooding the Oungre, we have introduced approximately 3,000 bbl/d of injection and were able to suspend a source water well that is expected to save an estimated $250,000 per year in operating costs. GJ to $3.35/GJ. Boe may be misleading, particularly if used in isolation.
times by year end 2026. Financial Summary The combined company’s production forecast at closing is 370,000 boe/d (63% liquids) and based on commodity prices of US$70 /bbl WTI and C$2.00 /GJ AECO, the forecast annualized funds flow is $3.8 Strong Credit Profile: Exceptional balance sheet with initial leverage of 0.9 billion 1.
Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 billion cubic feet per day (Bcf/d) in 2024 to 7.0 Since 2020, Austin Chalk gas output has nearly tripled to 1.8
As the company leans into this strategy through 2030, these 10 projects are expected to add $3+ billion in annual earnings by 2026 , reinforcing why advantaged isnt just a buzzword its a blueprint. In ExxonMobil’s framework, a project is “advantaged” if it offers: Low breakeven economics (i.e.,
Bcf/d by 2026. Bcf/d, while oil output from the formation has increased by 26,000 barrels per day ( bbl /d). Energy Information Administration (EIA), gas production in the Eagle Ford region is expected to rise from 6.8 billion cubic feet per day (Bcf/d) in 2024 to 7.0 Since 2020, Austin Chalk gas output has nearly tripled to 1.8
That year oil still averaged a relatively strong $78/bbl though, different from a move towards the lower end of its cyclical trading range that 2025 is witnessing. That puts most E&Ps in a good position to maintain operations for the remainder of 2025, although the challenge they face increases if low prices persist into 2026.
Production Breakdown: Oil volumes: 78,675 Bbl/day (58% of total production), up 12.1% million, adding 2,275 net acres 2025 Outlook and Strategic Positioning NOG reaffirmed its 2025 annual guidance, aiming to produce between 130,000 135,000 Boe/day with oil accounting for 75,000 79,000 Bbl/day. shale basins.
MMBbl/d, maintaining stable levels through 2026. 2025 Strategy and Outlook Alaska's Willow Project Development: Construction and drilling will accelerate throughout 2025, with the first production expected in 2026. Global Oil Demand Growth (2025-2026): 2025: Expected to grow by 1.3 2026: Demand is projected to increase by 1.1
Operational & Financial Strong safety track record, with Zero Lost Time Incidents for over 880 days Gross average production of c.44,900 Operational & Financial Strong safety track record, with Zero Lost Time Incidents for over 880 days Gross average production of c.44,900
(Investing) – JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through 2025 and $60 in 2026, but said certain worst-case scenarios could send prices surging to double those levels. would not allow Iran to have a nuclear weapon. per barrel. [O/R]
The significant drop in oil prices rattled the US shale patch, with firms arguing they need $65/bbl on average to profitably drill new light tight oil wells, according to the latest Dallas Fed Energy Survey, the IEA said on Tuesday in its Oil Market Report (OMR) for April. By Charles Kennedy for Oilprice.com
In the Trade Truce scenario, oil demand reaches 108mn bpd by 2030, with Brent averaging US$74/bbl, whereas the Trade War scenario sees demand falling in 2026 and Brent plunging to US$50/bbl.
bbl Brent forecast for 2H25 for now,” Morgan Stanley commodity strategists said. In 2026, JPM expects continued surpluses to push Brent prices below $60 by the end of the year, with an average Brent forecast of $61 and WTI at $57. Brent Oil Futures dropped 7.6% a barrel at 14:05 GMT, while Crude Oil WTI Futures fell 8.4%
The organization is now downgrading its Brent price forecast to $70/bbl for 2025 and $65/bbl for 2026 because of OPECs decision to unwind cuts and economic headwinds caused by the implementation of President Trumps tariffs and subsequent retaliatory measures. CALGARY, Alberta (Mar.
US President Trumps visit to the Middle East has the potential for significantly impacting oil markets, according to energy consultancy Rystad Energy Brent oil is hovering around US$65/bbl, buoyed by progress made on US-China trade negotiations, which have also eroded some demand side pessimism.
Based on EIR’s models, sustaining prices of $65/bbl Brent in Q2, or $60/bbl WTI, imply a market imbalance of around 2 million barrels per day. We now project an average Brent price of $70 (and $65 for WTI) in 2025, decreasing to $65 (and $60 for WTI) by 2026.
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