OPEC Outlook: US Shale Oil Volumes to Hit 16.7 MMbbl/d by 2030
The head of OPEC’s energy studies warned that failure to invest in oil production could lead to a global energy crisis as early as 2035.
Baker Hughes CEO: Transition Without Oil, Gas is a ‘Dream World’
The CEOs of Baker Hughes, SLB and Japan’s Inpex see an energy expansion that includes oil and gas—with lower emissions—as the most pragmatic way to tackle climate change.
Moelis’ Cantor: Trump to Make American Energy Investable Again
Former GOP Majority Leader Eric Cantor, vice chairman and managing partner at Moelis, said EV subsidies are likely to be in the president’s crosshairs in his second term.
Suez Canal Economic Zone Set for Rapid Expansion: Chairman
Egypt's Suez Canal Economic Zone is a collection of six ports and four industrial areas alongside, or near the waterway.
Harris or Trump? Majors’ CEOs Say ‘Nothing's Going to Change’
The captains of BP, Shell, Petronas and Eni see the U.S. election as a short-term event, although the results could raise tensions with China and put the fate of the Inflation Reduction Act up in the air.
What's Affecting Oil Prices This Week? (Nov. 4, 2024)
For the upcoming week, with the increased geopolitical risk and OPEC+’s delay in phasing out its production cut, Stratas Advisors expect that the price of Brent crude could test $77.
WoodMac: $3.5 Trillion Needed Annually to Hit Net Zero Targets
Higher demand for oil, gas and coal will delay peak emissions past 2030 and push the world beyond Wood Mackenzie’s base transition case and closer to a 3 C pathway, the consultancy said in a new report.
What's Affecting Oil Prices This Week? (Oct. 28, 2024)
With the ongoing stream of disappointing economic news about China, and the reduction in the geopolitical concerns about the Middle East (at least for the short term), Stratas Advisors expect that there will be downward pressure on oil prices.
Nabors Takes to Global Expansion in 3Q as Rig Count Shrinks in Lower 48
Nabors Industries saw broad growth across key international geographies in third-quarter 2024, with more rig deployments expected.
As Rig Count Slips, Oil Production Keeps Growing
Despite the offshore rig market showing signs of demand slippage, oil production looks to be on the rise for the foreseeable future, Westwood analysts say.