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Iraqi Cabinet Approves Measures on Kurdish Oil Delivery

Iraq Business News: Oil & Gas

The federal government will provide the KRG with an advance of $16 per barrel (in-kind or in cash), based on a minimum delivery of 230,000 barrels per day (bpd), with any additional production to be included under the same mechanism.

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Trump’s flip-flop on emergency oil reserves has its merits: Bousso

Oil & Gas 360º

still needs the Strategic Petroleum Reserve at all. The American SPR is the world’s largest emergency oil storage, able to hold 714 million barrels, or the equivalent of 35 days of U.S. million barrels per day this year, according to IEA figures. This about-face raises the question of whether the U.S. oil consumption, when full.

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Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

Oil & Gas 360º

Viper defines free cash flow margin as cash flow from operations less capital expenditures divided by total barrels of oil equivalents. an independent petroleum engineering firm, and comply with definitions promulgated by the SEC. at closing at strip pricing and decreasing thereafter; near-term net debt target of $1.5

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Shipping groups are starting to shy away from the Strait of Hormuz as Israel-Iran conflict rages on

CNBC: Energy

While these dynamics may seem rudimentary, they are the very mechanisms that have sustained global trade through conflicts and wars for centuries," he added. million barrels per day, according to the U.S. million barrels per day, according to the U.S. per barrel. In 2023, oil flows through the waterway averaged 20.9

Finance 50
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OPEC+ adopts plan for 2027 baselines ahead of July output hike talks

Oil & Gas 360º

(Investing) –LONDON/MOSCOW -OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. Angola quit the group in 2024 over a disagreement on its production target.

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