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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% from January to 1.83

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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. Brent crude futures were trading at $60.02

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

Enverus

Andrew McMurray, CEO of ShearFRAC, said, “Enverus was the obvious choice for us as a technology service business in the oil field services space. EVOLVE 2025 is more than a conference—it is a catalyst and full-fledged experience,” said Manuj Nikhanj, CEO of Enverus. Enverus customers joined in explaining how they were benefiting from EVOLVE.

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Iran After the Strikes: Is the Oil Market Entering a New Phase of Stability?

Enverus

airstrikes on Iran’s nuclear facilities, Al Salazar, director at Enverus Intelligence® Research (EIR), released this statement explaining the significance on oil prices: “The U.S. In terms of oil markets, Iranian oil supply has been targeted over the past two decades by Western sanctions. In reaction to news of U.S.

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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. HSBC analysts also see risks in oil skewed to the downside amid expectations of a surplus this year and next.

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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. That consistency helps support continued access to secured credit for oil and gas producers. per barrel from $61.89 per barrel from $61.89

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Goldman Sachs sees upside risk to Brent, WTI oil price forecasts

BOE Report

Goldman Sachs sees upside risk to its Brent and WTI oil price forecast in 2025 and 2026 from recent trade de-escalation, it said in a note on Tuesday. The bank estimates around $3-4 per barrel of upside risk to its Brent and WTI oil price forecast of $60/bbl and $56/bbl respectively for the rest of [Read more]

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