Economics/Statistics
News
December 04, 2023
ExxonMobil Corp. CEO Darren Woods said the Texas energy giant is focusing on producing oil in Guyana as efficiently as possible to help the South American country in its border dispute with Venezuela.
News
November 15, 2023
The US will enforce oil sanctions against Iran amid the renewed conflict in the Middle East, a White House Energy adviser said Wednesday.
Article
October 2023
Even with relatively high oil prices, U.S. E&P activity growth remains modest. Much of the spending increases by operators this year has gone to covering higher equipment, service and personnel costs, rather than to boost activity.
News
October 13, 2023
The zealous proposal by the National Marine Fisheries Service may lead to major limitations when transporting oil and gas products, which in turn would have an alarming and negative effect on the economy of Texas.
News
July 20, 2023
The polling further shows that an overwhelming majority of voters believe lawmakers should consider the economic importance of these resources when assessing new energy policies and regulations.
News
May 04, 2023
WTI Midland joined the Dated Brent benchmark on Tuesday, in an effort to revamp a gauge that is used to set the price of more than two-thirds of the world’s crude. So far, that integration has proved successful.
News
April 10, 2023
Oil steadied as traders assess challenges to crude supply in the wake of planned output cuts by OPEC+ and in anticipation of news on when Iraq may resume exports from its northern fields.
News
February 02, 2023
(WO) — Offshore Energies UK, the trade body for the UK’s offshore energy industries and supply chain companies, said calls by politicians to impose UK windfall taxes on companies’ global profits risked misleading voters and consumers — because such a levy would breach global tax agreements and so could never be implemented.
News
January 26, 2023
The tsunami of cash generated by the group over the past 12 months means the industry can sustain dividend increases and share buybacks, analysts said. Crucially for shareholders, management teams held off on spending increases as commodities boomed, in stark contrast with previous cycles.
News
January 02, 2023
Petrobras slumped as much as 6.9% in Sao Paulo, the main drag on the benchmark Ibovespa index, which fell 3.1% as of 11:47 a.m.
Article
November 2022
The recovery of U.S. upstream activity is being slowed by high costs for equipment and services, personnel issues, and supply chain shortages, including spare parts.
Article
October 2022
Much is at stake in these elections that could help or hurt the health of the U.S. upstream sector. This will be the first election affected by the redistricting that followed the 2020 census. The Republicans are favored to retake a majority in the House, but control of the Senate remains a “tossup.”
News
November 14, 2022
Due to a weaker economic backdrop and China’s strict anti-Covid measures, OPEC lowered estimates for the amount of crude it will need to pump this quarter by 520,000 bpd, following a similar-sized downgrade a month ago.
News
November 13, 2022
UK Chancellor Jeremy Hunt is expected to delay much of the £55 billion ($65 billion) of savings to fill the hole in the public finances until after the next election, including an increase in the oil and gas windfall tax.
News
November 13, 2022
Oil and gas investments could be driven out of UK waters if Chancellor Jeremy Hunt carries out threats to raise the windfall tax to 35%, Offshore Energies UK (OEUK) has warned.
News
November 08, 2022
The United States cut its forecast for the nation’s oil production growth next year, predicting that output will fall short of an all-time high.
News
November 07, 2022
Global oil demand in 2023 will grow a million barrels per day lower than organizations such as the International Energy Agency and OPEC have forecast, according to a new report from Enverus Intelligence Research.
News
November 04, 2022
Employment in the U.S. oilfield services and equipment sector rose by an estimated 124 jobs in October to 640,282 — the highest since September 2021 — according to preliminary data from the Bureau of Labor Statistics
News
November 04, 2022
Unemployment in the U.S. oil industry plummeted to one of the lowest levels on record at 0.8% for October as shale operators scramble for workers to keep production flowing.
News
November 03, 2022
Natural gas use is surging in Spain, offering an insight into the possible unintended consequences of capping fuel prices to shield the country’s households and businesses from the energy crisis.
News
November 01, 2022
A new analysis of the American Petroleum Institute's (API) "10 in 2022" policy plan found that it could spur nearly $200 billion in direct investment, 225,000 jobs and production growth in natural gas, oil, carbon capture and hydrogen.
