U.S. Must Continue Solar Growth to Meet Decarbonization Goals | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Jun 06, 2024, 5:00 PM CDT Solar energy output...Continue Reading

The Permian Strategic Partnership (PSP) is welcoming Energy Transfer and Phillips 66 as its newest members, expanding to 31 members. In the five years since its founding, the PSP has nearly doubled in size and exponentially expanded its impact in Southeast New Mexico and West Texas. SourceContinue Reading

The latest analysis from Westwood Global Energy Group reveals that despite favourable oil prices in 2022, high impact exploration drilling in 2023 declined by 21%, due to energy transition strategies, industry consolidation, rising well costs and reduced activity in former hotspots. SourceContinue Reading

Drilling operations have been completed safely and successfully, with the well drilled to a total depth of 10,290 feet (measured depth). Zephyr’s operations team is now preparing to set a production liner across the Cane Creek reservoir section, after which the Helmerich & Payne Rig 257 will rig down and demobilise from the site. SourceContinue Reading

OPEC and its allies agreed on Sunday to gradually wind down about 2 MMbpd of production cuts starting in October. Since then, crude prices have fallen more than 3% in London, dipping below $80 a barrel as analysts question whether the market can absorb this extra supply. SourceContinue Reading

Nigeria Looks to Lithium as Its Oil Industry Struggles | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Jun 06, 2024, 4:00 PM CDT Facing declining oil reserves,...Continue Reading

Surge in Demand Drives Up Shipping Costs for U.S. Importers | OilPrice.com Stuart Burns Stuart is a writer for MetalMiner who operate the largest metals-related media site in the US according to third party ranking sites. With a preemptive… More Info Premium Content By Stuart Burns – Jun 06, 2024, 3:00 PM CDT A surge...Continue Reading

Nigeria to Spend Nearly $4 Billion on Fuel Subsidies This Year | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Jun 06, 2024, 2:30 PM CDT Nigeria is projected to allocate 5.4...Continue Reading

Black Sea Port Becomes Geopolitical Battleground Between China and the EU | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jun 06, 2024, 2:00 PM CDT China...Continue Reading

Trafigura Profit Drops 73% As Oil Price Boom Fades | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Jun 06, 2024, 1:30 PM CDT Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis...Continue Reading