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BofA: The Saudis are readying for a long oil price war

Oil & Gas 360º

Commodity experts began warning last year that Saudi Arabia was willing to ditch its traditional role as OPEC’s swing producer by abandoning its unofficial price target of $100 a barrel in favor of increased output. crude output to 14 million barrels per day in 2027, up from 13.2 Saudi Arabia accounted for 2 mb/d of the group’s 3.15

Oil
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US prioritizes recovery of critical minerals from mine waste

Oil & Gas 360º

Interior Department on Thursday took steps to increase recovery of critical minerals, used in everything from electric vehicles to high-tech weapons, from mine waste, coal refuse, tailings and abandoned uranium mines. His department controls large swathes of federal land some of it home to abandoned mines. It also directs the U.S.

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Boost your eCommerce growth with personalized shipping solutions

SmartBrief

ECommerce is boomingmore than 33% of the population is shopping online , and the industry is expected to surpass $8 trillion by 2027. In a 2024 survey , 23% of consumers stated that slow delivery times caused cart abandonment. Managing multiple sales channels , each with different shipping policies and customer expectations.

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BP’s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same

Rextag

Several new major oil and gas projects are set to launch by the end of 2027. BPs Remaining Commitments to Renewables While BP is cutting back on renewable investments, it is not abandoning green energy entirely: Wind and Carbon Capture Projects BP continues work on three UK-based offshore wind farms and carbon capture initiatives.

Gas
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Eighty-Ninth Texas Legislature: One Month Countdown

Permian Basin Oil and Gas Magazine

On April 22, the Senate approved a plan to deal with the 160,000 inactive wells dotting the state before they become abandoned orphan wells. When abandoned by operators, they are left to the effects of time and nature, and to the Railroad Commission to clean up.

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US oil producers face new challenges as top oilfield flags

Oil & Gas 360º

We think that between 2027 and 2030 its likely that the U.S. The issue has not yet forced producers to abandon drilling plans, but will ultimately drive costs higher, said Shannon Flowers, director of crude and water marketing at producer Coterra Energy.

Oil