Study: Global Gas Supply Not Keeping Up with Demand
Without significant growth in natural gas supply and infrastructure, the world will come up a fifth short of the supply needs, according to the International Gas Union.
OPEC Gets Updated Plans From Iraq, Kazakhstan on Overproduction Compensation
OPEC and other producers including Russia, known as OPEC+, have implemented a series of output cuts since late 2022 to support the market.
Oil Settles $1 Down After US Job Data Revised Significantly Lower
U.S. employers added far fewer jobs than originally reported in the year through March, the Labor Department said on Aug. 21.
What's Affecting Oil Prices This Week? (Aug. 19, 2024)
For the upcoming week, Stratas Advisors are expecting that oil prices will move sideways with the positive factors being offset by the negative factors.
Pitts: LNG Sector, Beware! Aramco is Coming
Loaded with cash, Saudi oil powerhouse Aramco has embarked on a net-zero quest.
Amid Flagging US Activity, OFS Sector Looks to 2025—and Overseas
Despite a slowdown in U.S. activity expected to last until 2025, overseas and offshore markets helped the oilfield services sector deliver solid second-quarter results.
Hirs: Peak Oil Demand—Where Upstream Diverges from Downstream
The impact of peak oil demand is the same regardless of the sliding timelines published by the experts.
International OFS Firm HMH Plans to IPO, Activate in M&A
The firm is a 50/50 joint venture of Baker Hughes and Akastor ASA formed in 2021 to include brands such as Hydril and Vetco Gray as well as Wirth and Maritime Hydraulics.
OFS Consolidation Continues with Flowserve to Buy MOGAS
Flowserve will purchase MOGAS Industries for at least $290 million, part of a number of oilfield service company acquisitions announced in 2024.
What's Affecting Oil Prices This Week? (Aug. 12, 2024)
Concerns about geopolitics in the Middle East and supply/demand fundamentals continue to weigh on oil prices in the week of Aug. 12.