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Hart Energy
$70, $80, $90? No Matter WTI Price, Production to Creep Along
As public E&Ps hold fast with capital discipline, even exuberant prices might not be enough to substantially bump up production, although private operators remain a wild card, analysts said.
What's Affecting Oil Prices This Week? (Sept. 25, 2023)
For the upcoming week, Stratas Advisors expects oil prices to be under pressure and may test $90 again, with the price of Brent not able to break through $95 last week.
Recognizing Industry Contributions to Decarbonization
Bolstered by billions in federal loans, grants and tax incentives, investments are being made in both energy transition and oil and gas projects, an indication of long-term sustainable growth.
Chart Talk: Global Oil Prices on a Massive Upward Trend
Oil prices for select global crudes are on a massive upward trend with $100/bbl just out of reach, according to data from General Index, a tech-native benchmark provider, and analysts say the prices prices are driven by OPEC+’s decision to extend production cuts.
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$70, $80, $90? No Matter WTI Price, Production to Creep Along
As public E&Ps hold fast with capital discipline, even exuberant prices might not be enough to substantially bump up production, although private operators remain a wild card, analysts said.
What's Affecting Oil Prices This Week? (Sept. 25, 2023)
For the upcoming week, Stratas Advisors expects oil prices to be under pressure and may test $90 again, with the price of Brent not able to break through $95 last week.
Recognizing Industry Contributions to Decarbonization
Bolstered by billions in federal loans, grants and tax incentives, investments are being made in both energy transition and oil and gas projects, an indication of long-term sustainable growth.
Chart Talk: Global Oil Prices on a Massive Upward Trend
Oil prices for select global crudes are on a massive upward trend with $100/bbl just out of reach, according to data from General Index, a tech-native benchmark provider, and analysts say the prices prices are driven by OPEC+’s decision to extend production cuts.
Oil to Rise, But Won’t Break $100
Stratas Advisors still holds the view that oil prices will not break through $100/bbl this year.
Some Oil, Gas Investment Dropouts Won’t Return, Says J.P. Morgan Asset Manager
Oil and gas investment dropouts have been missing out on cashflow generation that’s “off the charts,” said Michael Cembalest, chairman of market and investment strategy for J.P. Morgan Asset Management.
Guyana’s Local Content Act Yet to Negatively Impact IOCs
The Guyanese government anticipates its petroleum sector will need at least 150,000 skilled laborers over the next two to five years to meet this demand.
Exxon CEO Darren Woods: Overnight Energy Transition ‘Wishful Thinking’
Exxon Mobil CEO Darren Woods joined the leaders of Aramco and China National Petroleum Corp. in calling for governments not to prematurely pull the plug on the current energy system at the World Petroleum Congress.
Saudi Energy Minister: OPEC+ Targeting Volatility, not ‘Jacking Up Prices’
Speaking at the World Petroleum Congress, Saudi Arabia’s Minster of Energy Prince Abdulaziz bin Salman Al Saud said OPEC+ is targeting volatility in the oil markets and acting as an energy regulator akin to central banks.
What's Affecting Oil Prices This Week? (Sept. 18, 2023)
Concerns about the global economy will be a counterforce on oil prices, says Stratas Advisors' John Paisie.