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Kazakhstan Reaches Record Oil Production of 2.12 Million bbl/d, Exceeding OPEC+ Quota

Egypt Oil & Gas

Kazakhstan has increased in February its crude oil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crude oil production surged by 15.5%

BBL 75
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Enverus EVOLVE: Creating the future of energy with AI, intelligence and innovation

Enverus

In total, EVOLVE welcomed attendees from more than 350 energy companies, including oil and gas operators, financial institutions, midstream firms, oilfield service providers and renewable energy developers. Collectively, these organizations represent: 60% of North American crude oil production 56% of natural gas production $12.1

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Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output

Oil & Gas 360º

(Investing) –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. shale supply amid relatively low inventories.

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Alaska’s crude oil production to grow in 2026, first time since 2017, EIA says

BOE Report

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.

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Money Can Buy It - After Permian M&A Spree, E&Ps Throttle Growth While Integrateds Motor On

RBN Energy

publicly traded oil and gas companies. With crude oil prices stagnant in the $70-$80/bbl range, producers were driven to boost Tier 1 acreage and capture operational synergies to fund the generous shareholder returns demanded by their investor base.

E&A 83
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Banks betting on market fundamentals despite trade policy upheaval

Oil & Gas 360º

(World Oil) –Banks are staying confident in long-term energy fundamentals despite significant trade policy turbulence, according to the Spring 2025 Haynes Boone Energy Bank Price Deck Survey. Looking ahead to 2035, banks predict oil prices will hover in the $56.24-$57.24/bbl sources combined with relatively stable global demand.

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Goldman Sachs: Risk in oil markets is skewed to the downside

Oil & Gas 360º

(Oil Price) –The tariff wars and high spare capacity, mostly from the OPEC+ producers, are skewing the oil price risk to the downside in the medium term, according to Goldman Sachs. Earlier this week, Goldman Sachs cut its year-end forecast for Brent Crude prices, citing expectations of slower U.S.

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