In case you missed it, here’s a look at this week’s top five drilling activity highlights from around the world.
- Woodford Completion By Gulfport Initially Flows 19.964 MMcf Of Gas Per Day
- Williams County, N.D., Bakken Completion Tested Flowing 4.635 Mbbl Of Oil, 6.079 MMcf/d.
- Republic Of Congo Discovery Estimate: 1 Bcm Of Hydrocarbons
- Upper Meramec Discovery: 9.211 MMcf of Gas, 1.285 Mbbl Of Oil Per Day
- Breitburn Receives Permits For Smackover Tests In Santa Rose County, Fla.
For more up-to-date information on the latest U.S. and international exploration wells visit Hart Energy’s online Drilling Activity Highlights database.
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Oil Prices Rise as OPEC+ Considers Delaying December Output Increase
2024-10-30 - Oil prices rose more than 2% on Oct. 30 after Reuters reported that OPEC+ could delay a planned oil production increase in December by a month or more because of concern over soft oil demand and rising supply.
What's Affecting Oil Prices This Week? (Dec. 9, 2024)
2024-12-09 - For the upcoming week, Stratas Advisors believes the announced delay by OPEC+ will keep the price of Brent crude above $70, but not reach $73.
What's Affecting Oil Prices This Week? (Nov. 4, 2024)
2024-11-04 - For the upcoming week, with the increased geopolitical risk and OPEC+’s delay in phasing out its production cut, Stratas Advisors expect that the price of Brent crude could test $77.
What's Affecting Oil Prices This Week? (Jan. 6, 2025)
2025-01-06 - Recent geopolitical news also provided some support for oil prices with the rhetoric heating up between Iran and Israel.
What's Affecting Oil Prices This Week? (Oct. 21, 2024)
2024-10-21 - Currently, Stratas Advisors are forecasting that oil demand will increase by 1.20 MMbbl/d in 2024. Earlier this year, OPEC was forecasting 2.25 MMbbl/d of oil demand growth.
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