Argentina's Neuquen province hit a record for daily oil production in February.
BP Plc is eyeing the sanction of its Kaskida deepwater project in the Gulf of Mexico in 2024, the company’s CEO Murray Auchincloss said during CERAWeek by S&P Global.
Kimmeridge’s proposal to combine Eagle Ford players Kimmeridge Texas Gas (KTG) and SilverBow Resources is gaining support from another large investor.
Stockpiles unexpectedly declined by 2 MMbbl to 445 MMbbl in the week ended March 15, as exports rose and refiners continued to increase activity.
Events threatening instability are commonplace in the energy sector. Panelists at CERAWeek by S&P Global discussed the strategies their companies are taking to tackle uncertainty.
The U.S. is replenishing the SPR, which currently holds about 362 MMbbl, down from 638 MMbbl three years ago before the sale of a record amount of crude.
The global LNG market is not currently tight, Gunvor Chairman Torbjörn Törnqvist said at CERAWeek, contradicting the view shared earlier in the day by TotalEnergies.
Supplies on the Winnipeg regional line will be rerouted for three months.
By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
On average, Stratas Advisors predicts that supply will be at a deficit of 840,000 bbl/d during 2024.