The U.S. Energy Information Administration recently released its annual short-term energy outlook report, but what does that mean for Texas?
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Some volatility in the oil market is likely this week, according to Barani Krishnan, a senior commodities analyst at uk.Investing.com.
‘The markets started the week with a strong, risk off sentiment which accelerated the down move in oil’.
Oil posted a large loss the first week of trading in the new year as demand uncertainty continued to hang over the market.
Oil rallied after US crude stockpiles rose less than anticipated, countering the dour outlook reflected by Saudi Arabia’s decision to cut its prices.
‘I think oil will go upwards of $140 a barrel once Asia fully reopens’.
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The U.S. Department of Energy (DOE) has announced a list of its top accomplishments in 2022.
According to the NPD, average oil production in November was 1.740 million barrels per day.
Tamboran Resources has hit significant gas at the Amungee 2H well that hit a total depth of 12,739 feet.
Echo Energy, the Latin American-focused energy firm, will appoint Lindor Martin as a non-executive director.
One of the biggest landowners in Texas oil country doubled returns to investors in 2022.
Texas upstream oil and gas sector has been adding 2,035 new jobs per month on average since the Covid-low point in September 2020.
‘This restart facilitates safe transportation of the energy that customers and North Americans rely on’.
CNOOC has started operations from the Bozhong-Kenli oilfields onshore power project on December 26.
‘The volume of robotics use cases in the oil and gas industry is expected to grow rapidly’.
The past year was a banner year for the oil and gas sector as prices rallied to decade highs. Investing News published a list of things to look out for in the coming year.
