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Oil Prices Could Sink Below $50 This Year

OilPrice

Crude oil prices could decline below $50 a barrel this year, according to analysts from outlets including S&P Global. This will give American drivers much needed relief at the pump after years of gas price inflation. One reason for the hypothetical decline is what is widely seen as weakening demand growth.

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U.S. Onshore Oil Production Soars to Record Highs

OilPrice

crude oil production from onshore federal lands hit a record 1.7 million barrels per day (bpd) in 2024, according to the EIA and the Department of the Interior. That’s a sixfold jump since 2008—far outpacing the broader rise in national crude output, which nearly tripled to 13.2 The driver?

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U.S. onshore oil production soars to record highs

Oil & Gas 360º

(Oil Price) – U.S. crude oil production from onshore federal lands hit a record 1.7 million barrels per day (bpd ) in 2024, according to the EIA and the Department of the Interior. That’s a sixfold jump since 2008—far outpacing the broader rise in national crude output, which nearly tripled to 13.2

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

Oil & Gas 360º

(BOE Report) – Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up.

Oil
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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

Of the top ten companies listed by unique job postings last month, five companies were in the services sector, two midstream companies, one in the gasoline stations with convenience stores category, one petroleum refinery company and one oil and gas operator. million barrels per day in the second quarter of 2025.

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Record production at Exxon and Chevron humbles European rivals: Bousso

Oil & Gas 360º

Exxon Mobil and Chevron’s bumper oil and gas output in the second quarter served as a sobering reminder to their European rivals of the ferocious challenge the latter face in their attempts to close the production gap that has expanded in recent years. Exxon pumped 4.63 Exxon’s price-to-cash flow ratio, a key valuation metric, of 8.2

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Valor | Energy Connection – July 21, 2025

Valor

Chevron wins Exxon case but loses time, oil and billions Summary : On July 18, Chevron won its arbitration case against Exxon Mobil, allowing its $55 billion acquisition of Hess and its 30% stake in Guyana’s 11-billion-barrel Stabroek block to finally close. now leading the world in LNG exports with over 11 Bcf/d in 2024.