Will Oil Hit $100 Per Barrel in 2023?
January 13, 2023
Will we see oil hit $100 per barrel this year?
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Industry Trends
Oil Rally Continues as US Inflation Cools
January 12, 2023
Growing confidence in China’s recovery and mounting evidence of cooling US inflation buoyed crude prices for a sixth day.
Gasoline and Diesel Prices Expected to Fall
January 12, 2023
Gasoline and diesel prices will fall in 2023 and 2024, according to the EIA.
TechnipFMC Wins Dvalin North Subsea Deal From Wintershall Dea
January 12, 2023
TechnipFMC has been awarded a significant EPCI contract by oil and gas company Wintershall Dea for its Dvalin North project.
Public Shale Drillers Best Private Rivals in Race to Deploy Rigs
January 12, 2023
Publicly traded oil explorers have taken the lead in expanding shale drilling.
Five Major Energy And Resources Trends To Look Out For In 2023
January 12, 2023
The year ahead carries many trends that should be closely watched and Wood Mackenzie has listed the 5 most important ones for energy and natural resources.
Analysts Flag Short Term Oil Price Upside
January 12, 2023
There is now short-term upside of $5-10 per barrel in the oil price.
US Oilfield Services Jobs Top 650,000, Nearing Pre-Pandemic Levels
January 10, 2023
Employment in the U.S. oilfield services and equipment sector rose by an estimated 4,677 jobs to 650,587 in December, according to the Bureau of Labor Statistics.
Oil Edges Up Amid Broader Risk On Sentiment
January 10, 2023
Oil crept higher as broader risk-on sentiment helped traders overlook fears of tighter monetary policy from the Federal Reserve.
Neptune Brings Online Romerberg 6 Well In Germany
January 10, 2023
Neptune Energy has started producing oil at its Romerberg 6 well in Speyer, southwestern Germany.
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Raizen Is Said to Hire JPMorgan for Argentina Energy Assets Sale
Brazil's largest producer of ethanol fuel, Raizen is mulling divestments and slowing down expansions as higher borrowing costs of late in Brazil rattle its finances.
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Oil Gains on Truce Hopes but Closes Week Lower
WTI climbed 0.7% to settle at $67.04 a barrel, yet oil remains down 3.9% for the week as trade and supply concerns continue.
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USA Won't Hesitate on Russia and Iran Sanctions, Bessent Says
The U.S. will not hesitate to go 'all in' on sanctions on Russian energy if it helps lead to a ceasefire in the Ukraine war, Treasury Secretary Scott Bessent said Thursday.
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Enbridge to Invest $1.39 Billion until 2028 in Mainline Pipeline
Enbridge has earmarked an investment of up to about $1.39 billion until 2028 for a Canada-U.S. liquids pipeline with a capacity of about 3 million barrels a day of crude oil.
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Analyst Says Bearish Fundamentals Beginning to Reassert Influence Over Gas
'Yesterday's bearish EIA storage report surprise is the latest in a cascade of bearish fundamental indicators over the past two weeks', Eli Rubin, an energy analyst at EBW Analytics Group, said.
