OilPrice

MARCH 25, 2025

Offshore Energies UK said that local energy production was estimated at some 2 billion to 3 billion barrels of oil equivalent until 2050, under the governments net-zero plans, which estimate total energy demand of 13 to 15 billion barrels of oil equivalent in that period.

IT 300

IT Oil Energy Energy 300

OilPrice

JUNE 4, 2025

With crude oil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital allocation. While it is still too early to quantify the full impact of current market volatility on oil prices,

Oil 341

Oil Crude Oil Upstream Barrel 341

OilPrice

APRIL 21, 2025

Turkey is boosting domestic natural gas production in its Black Sea waters and is looking to expand its international partnerships in oil and gas exploration in Bulgarias Black Sea, in the Caspian Sea region, and in Iraq, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, said on Monday.

Exploration and Production 265

Exploration and Production Gas IT Oil 265

OilPrice

MAY 13, 2025

The worlds biggest oil and gas firms are embracing AI and related technology to maximize savings, optimize operations, and boost earnings. Robot Dogs, AI Drones Oil and gas firms use robot dogs and AI-enabled drones for inspections at operating assets,

Oil 325

Oil Utilities Operator Gas 325

OilPrice

JUNE 3, 2025

billion from the countrys oil industry in a bid to shore up state finances, Bloomberg has reported, saying one way to get more money out of oil producers was by reviewing the reference prices used to set oil taxes. Brazils government is looking to extract some $6.2

Oil 213

Oil IT Finance Government 213

OilPrice

MAY 6, 2025

than might be inferred from either its size or its current crude oil production of just under 3 million barrels per day (bpd). The United Arab Emirates (UAE) holds much greater geopolitical significance to both China and the U.S.

IT 292

IT Crude Oil Oil Barrel 292

OilPrice

MAY 22, 2025

Many people are perhaps familiar with the term petrostates, which usually denotes oil-rich nations that are deeply intertwined with the oil industry, often facing economic and political challenges due to oil price fluctuations and the potential decline in hydrocarbon resources.

IT 349

IT Oil 349

OilPrice

MAY 29, 2025

Kazakhstan cannot reduce its oil production as it has no right to impose output reductions on international firms that are operating more than 70% of Kazakhstans oilfields, Energy Minister Yerlan Akkenzhenov said on Thursday.

Oil 352

Oil Operator IT Energy 352

OilPrice

MAY 27, 2025

With six little words, Elon Musk has relegated the oil industry to a historical footnote. This, despite the oil industry underpinning the workings of the entire world. Compared to solar, oil is small-time, Musk posted on X, delivering a withering verdict on the fossil fuel era. No charts, no caveats.

Oil 340

Oil Energy Energy IT 340

OilPrice

MAY 18, 2025

Goldman Sachs analysts have revised their outlook for global oil demand upwards, now expecting growth of 600,000 barrels daily this year and 400,000 barrels daily in 2026.

Oil 343

Oil Barrel IT 343

OilPrice

MAY 29, 2025

It has been a volatile and unpredictable year in global oil markets, with price signals clouded by a growing list of competing drivers. oil production. oil production. Amid this complexity, one structural factor stands out: U.S. Amid this complexity, one structural factor stands out: U.S.

Oil 344

Oil Drivers IT 344

OilPrice

MAY 20, 2025

The biggest international oil firms used the first-quarter earnings calls to reassure investors that Big Oil is in a business as usual mode at oil prices at $60 per barrel. The market rout began on April 2, just after the first quarter ended, so the worlds top international

Oil 335

Oil Barrel IT 335

OilPrice

MARCH 19, 2025

Exxon is planning to boost its oil production regardless of where international oil prices are heading. This comes from a senior company executive who spoke to Semafor this week. It also likely reflects the sentiment across the supermajor segment of the energy industry. After all, thats what the consolidation drive was all about.

Oil 362

Oil Operator IT Energy 362

OilPrice

MAY 17, 2025

Backed by Western and Turkish support, Libyas internationally recognized government is attempting to revitalize its upstream oil and gas sector, which is already attracting notable global interest. North Africas most resource-rich nation, Libyahome to vast hydrocarbon and mineral reservesis once again at a crossroads.

IT 300

IT Upstream Sustainability Sustainable 300

OilPrice

MAY 29, 2025

Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as a new major field is set to begin production later in 2025, Nuno Bastos, EVP Upstream, has said. The Portuguese firms production in Brazil is about 110,000 barrels of oil equivalent per day (boepd) at present.

Field 299

Field IT Upstream Basin 299

OilPrice

MAY 5, 2025

Big Oil majors have no plans to scale back their budgets despite oil prices softening and more barrels poised to hit the market. That may sound reckless in a bearish environment, but its anything but.

Oil 336

Oil Barrel IT 336

OilPrice

MAY 15, 2025

The term peak oil has sparked debate for decades, fueling speculation and more than a few forecasts of doomsday scenarios. But for all the noise, it remains a largely misunderstood concept. Thats unfortunate, because peak oilboth in theory and in practicestill carries serious implications for the global economy and energy markets.

Oil 340

Oil Energy Energy IT 340

OilPrice

MARCH 29, 2025

Ever since BP admitted that its attempt to go green had ended in a disaster, the flow of news from the energy industry has been in one single direction: back to oil and gas, which make money. Indeed, Big Oil has finally accepted it will not transform into Big Green Power and has gone back to what it does best: hydrocarbons.

Oil 356

Oil Gas IT Energy 356

OilPrice

JUNE 2, 2025

Oil prices climbed on Monday morning despite expectations that OPEC+ will continue to boost production in the coming months. This will keep oil prices lower, the bank noted, writing that With this latest announcement, there is little sign that the pace of quota increases is slowing down, as quoted by Bloomberg.

Oil 310

Oil IT 310

OilPrice

MAY 27, 2025

The boss of Enquest has slammed the windfall tax on oil and gas firms as doing irreversible damage to the industry and driving job losses across the sector. The UK Energy Profits Levy (EPL) was introduced in May 2022 and applies to oil and gas companies operating in the North Sea.

Oil 326

Oil Operator Gas IT 326

OilPrice

JUNE 6, 2025

Treasury Department has unleashed a sweeping wave of sanctions targeting a sprawling network of companies and individuals accused of facilitating Iranian oil and petrochemical exports in violation of existing sanctions. At the center of the designations is Nasser Zarrin Ghalam and Partners Company, based in Tehran, which U.S.

Oil 147

Oil Energy Energy IT 147

OilPrice

JUNE 2, 2025

Following the OPEC+ decision, oil prices actually jumped. The oil market just remembered that geopolitics exists. This weekend, OPEC+ agreed to add another 411,000 barrels daily to its combined output. The decision came amid expectations of a bigger hike that had weighed on energy stocks prior to the latest meeting of the group.

Oil 289

Oil Barrel Energy Energy 289

OilPrice

MAY 30, 2025

This weekend, OPEC+ may debate boosting oil production in July by more than the 411,000-bpd monthly hikes it has announced for May and June, sources with knowledge of the discussions at the production group told Reuters on Friday. The new OPEC+ strategy largely

Oil 325

Oil Barrel IT 325

OilPrice

APRIL 16, 2025

crude oil production is set to peak at around 14 million barrels per day (bpd) in 2027, according to the Annual Energy Outlook 2025 of the U.S. oil production is set to remain around the 14 million bpd level by 2030 and in the early 2030s, after which it is expected to decline faster through 2050 as the shale boom fades.

Oil 352

Oil Crude Oil Barrel Energy 352

OilPrice

MARCH 12, 2025

The Asian giant is aiming to achieve carbon neutrality by 2060, despite continuing to be heavily reliant on oil, gas and coal. Despite being the worlds biggest polluter, China is also a renewable energy superpower. As Chinas renewable energy sector continues to expand, how long will this last until the bubble bursts?

IT 306

IT Energy Energy Oil 306

OilPrice

APRIL 7, 2025

Higher risks of recessions and higher-than-expected OPEC+ production prompted Goldman Sachs to slash again its oil price forecasts for 2026, days after it had already cut its price outlook in the wake of the U.S. On Friday, Goldman Sachs cut its oil price forecast for 2025 by 5.5% tariffs announcement last week. benchmark, WTI Crude.

Oil 344

Oil IT 344

OilPrice

APRIL 14, 2025

Goldman Sachs has reduced its outlook for oil prices for the third time since the start of April, now expecting Brent crude to average $63 this year and $58 in 2026. Then, on April 6, the bank cut its 2026 outlook for the oil benchmarks.

Oil 349

Oil Barrel IT 349

OilPrice

APRIL 1, 2025

As Saudi Arabia pushes ahead with its ambitious Vision 2030 plan to build huge futuristic cities and resorts, the worlds top crude oil exporter will need to borrow more money on the debt markets as oil prices continue to linger at levels of about $20 per barrel lower than the Saudi fiscal breakeven oil price.

Oil 340

Oil Crude Oil Barrel IT 340

OilPrice

MARCH 14, 2025

Russia is increasingly using cryptocurrencies in its oil trade with top clients China and India amid U.S. sanctions, Reuters has reported, citing unnamed sources, who said Russian oil traders were using the cryptocurrencies to facilitate the conversion of yuans and rupees into rubles. Cryptocurrencies

Oil 319

Oil IT Energy Energy 319

OilPrice

MAY 15, 2025

India is fast cementing its status as the worlds top engine of oil demand growthovertaking China earlier than expected and showing no signs of slowing down. According to OPECs latest Monthly Oil Market Report, Indias oil demand is projected to grow by 3.4% The jump in Indian oil consumption is being driven in 2025 to 5.74

Oil 320

Oil Engineering Engineer Barrel 320

OilPrice

JUNE 4, 2025

WTI oil prices are set to average $58.30 production and relatively stable global oil demand, a survey of banks by law firm Haynes Boone showed on Wednesday. per barrel this year, amid rising OPEC+ and U.S. The banks on average expect WTI Crude prices to average $58.30 per barrel in 2025, down from $61.89

Oil 316

Oil Barrel Energy Energy 316

OilPrice

APRIL 23, 2025

Kazakhstan has sparked fresh tensions within OPEC+ by asserting that its oil production strategy will be governed by national interests rather than group quotas, raising questions about future compliance and cohesion within the cartel.

Oil 356

Oil Government Energy Energy 356

OilPrice

JUNE 2, 2025

It is highly unlikely that anyone with even a modicum of intelligence has lost money in the past ten years or so by trading against the predictable thinking of those in charge of Saudi Arabias oil policy. shale oil sector, as analysed in full in my latest book on thenew

Oil 330

Oil IT 330

OilPrice

MAY 26, 2025

Iraq has filed a lawsuit against the United States over oil contracts between American companies and the Kurdistan Regional Government (KRG) in northern Iraq, escalating a constitutional dispute that has long threatened to destabilize the countrys energy sector, Reuters reported. Baghdad argues these deals bypass the federal oil ministry

Oil 306

Oil Exploration and Production Government Energy 306

OilPrice

MAY 1, 2025

Russia expects 24% lower revenues from oil and gas this year compared to earlier estimates, following the oil price crash that began in early April and sank the price of its flagship Urals crude close to the $50 per barrel mark. Russia now sees its oil and gas revenues at about $101.7 billion (8.32 billion (8.32 billion (10.9

Oil 338

Oil Finance Barrel Energy 338

OilPrice

APRIL 11, 2025

Crude oil exports from Saudi Arabia to China are expected to increase substantially next month, thanks to the sizable price cut by the Saudis, Reuters reported today, citing unnamed sources. Saudi Arabia cut the official selling prices for its oil sharply ahead of a production boost set for next month.

Oil 351

Oil Crude Oil Barrel IT 351

OilPrice

JUNE 3, 2025

The eight members of OPEC+ that were keeping their production of crude oil under restraints agreed on Saturday to add another 411,000 barrels daily to their combined total in July after making identical agreements for May and June. OPEC+ did what everyone expected it to do last weekend, announcing another production ramp-up.

Oil 328

Oil Crude Oil Barrel IT 328