Oil Dominates the $5 Trillion Global Commodity Market | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 26, 2024, 2:00 PM CDT Oil and its products represent 30% of global commodity exports, valued at $1.5 trillion annually. The energy sector, including natural...Continue Reading
Earlier this month, state-run Nile Petroleum Corp. assumed control of PETRONAS’ oil fields and assets – effectively repossessing the Malaysian company’s investment – and announced it would seek a new partner to ensure operations continue. SourceContinue Reading
New momentum in Vaca Muerta means Argentina could export gas to Brazil as soon as next year. But instead of just importing the fuel, Petrobras would like to be involved on the production end, people familiar with the matter said. SourceContinue Reading
Looming Atlantic Current Collapse Threatens Northern Europe’s Climate | OilPrice.com Kurt Cobb Kurt Cobb is a freelance writer and communications consultant who writes frequently about energy and environment. His work has also appeared in The Christian Science… More Info Premium Content By Kurt Cobb – Aug 26, 2024, 1:00 PM CDT Two recent studies predict...Continue Reading
EIA Reports Increase in U.S. EV Sales After Slowdown | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 26, 2024, 12:30 PM CDT Quarter-over-quarter, the United States has seen the share of electric and hybrid vehicle sales increase by around 1%, after a decline in...Continue Reading
Demand will be high enough that failing to invest now in new oil and gas projects would be “catastrophic,” Birdsall said. Without new investment, Exxon sees oil supply falling 70% to 30 MMbpd by 2030, sending crude prices soaring and decimating the global economy. SourceContinue Reading
Equinor ASA said new seismic data is allowing for the reassessment of offshore oil and gas resources on Norway’s continental shelf, underpinning exploration and production efforts as the company targets as many as 30 wildcat wells a year through 2035. SourceContinue Reading
After pumping less crude in the years leading up to the pandemic than top counties in neighboring Texas, New Mexico’s Lea County has been rapidly gaining ground. Production there has expanded faster than in any other U.S. county, last year becoming the first to ever produce more than 1 MMbpd, according to energy research firm...Continue Reading
In 2022, Norway’s two biggest oil companies, Aker BP and Equinor, decided to move ahead with plans to spend about $19 billion to develop a string of fields in the North and Norwegian seas. The investment plans were driven by temporary Covid-era tax rules that were intended to spur petroleum investments during the pandemic. SourceContinue Reading
How Long Will Gold’s Record-Breaking Rally Last? | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Aug 26, 2024, 12:00 PM CDT Gold prices reached record highs...Continue Reading
