Remove Barrel Remove Crude Oil Remove Transportation
article thumbnail

Analysis: OPEC+ production hikes could drive oil towards $60/barrel

Oil & Gas 360º

Skip to content Oil & Gas Exploration & Production (E&P) Crude Oil Natural Gas LNG Coal Refined Products Offshore Midstream Regulatory Transportation Commodities Oilfield Services Hydraulic Fracturing Drilling Water Regions Canada Mexico United States Asia & Australia Europe Africa South America Middle East Russia Finance Mergers, (..)

article thumbnail

Oil at $100 a barrel? U.S. role in Iran-Israel fight fuels market jitters

CNBC: Energy

role in Iran-Israel fight fuels market jitters Published Sun, Jun 22 2025 10:35 PM EDT Updated 2 Hours Ago Lee Ying Shan @in/ying-shan-lee @LeeYingshan WATCH LIVE Key Points Oil markets are entering a new phase of uncertainty after the U.S. Oil futures were up over 2% as of early Asia hours. WTI crude rose more than 2% to $75.22

Insiders

Sign Up for our Newsletter

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

article thumbnail

Argentina finally emerges as a South American oil powerhouse

Oil & Gas 360º

The geological body, despite being discovered in 1927, did not have its hydrocarbon potential fully evaluated until 2011 when it was determined the formation contains an estimated 16 billion barrels of recoverable shale oil along with 308 trillion cubic feet of shale gas. Source: U.S. Energy Information Administration (EIA).

Oil
article thumbnail

Nigeria’s GEIL exports first crude from new onshore terminal

Oil & Gas 360º

The maiden cargo transported crude from the Otakikpo marginal field – located in Rivers State and operated by GEIL – to the terminal, kickstarting a new era of efficient crude distribution in Nigeria. The terminal itself boasts a storage capacity of 750,000 barrels.

article thumbnail

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
article thumbnail

West Texas Highway - Extensive Refining, Exports Make Houston a Prime Spot for Permian Crude

RBN Energy

Crude oil producers in the prolific Permian Basin have plenty of options to move their barrels, especially since pipeline capacity currently exceeds production, but not every route out of the basin is equal.

article thumbnail

Texas RRC Reveals Latest Preliminary Oil, Gas Production Figures

Rigzone

Image by McFranki via iStock In a statement posted on its site recently, the Texas Railroad Commission (RRC) revealed its latest preliminary crude oil and natural gas production figures. The RRC noted in the statement that crude oil and natural gas production for March came from 157,192 oil wells and 83,898 gas wells.

Gas