America's oil magnates are prepared for prices to be lower next year, as supply on Texas' Permian Basin ramps up to account for 40% of U.S. oil production in the near future.
Crude oil futures edged lower with the boost from last week’s Russia sanctions losing steam, as reports said OPEC+ leans ...
BP stock is undervalued, offering a 6% dividend yield and turnaround potential. See why I maintain a Buy rating, seeing risks ...
GILLETTE - Enhanced oil recovery (EOR) typically describes efforts to improve the flow of oil from a reservoir that's already been produced by conventional means. Underground oil reservoirs are ...
U.S. oil production may have peaked, signaling the end of the shale boom. Diamondback Energy and other major players report reduced drilling and fracking activity in the Permian Basin. Rising costs, ...
The largest group of oil-producing nations agreed over the weekend to sharply increase crude production for the third month in a row, a move intended to reassert control over the market by driving oil ...
OPEC+ agreed Sunday to further increase oil production in October, in an ongoing move to regain market share at the expense of prices. Eight members of the Organization of the Petroleum Exporting ...
With apologies to Rene Descartes, to know what OPEC+ really thinks, pay attention to what it does rather than what it says.
Global oil prices are signalling that the market is tipping into a protracted period of oversupply, but the huge disparity in ...
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