The Latest

What's Affecting Oil Prices This Week? (March 4, 2024)

For the upcoming week, Stratas Advisors expect the price of Brent will move sideways and will struggle to break through $85.

Oil Rises After OPEC+ Extends Output Cuts

Rising geopolitical tensions due to the Israel-Hamas conflict and Houthi attacks on Red Sea shipping have supported oil prices in 2024, although concern about economic growth has weighed.

Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest

Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.

Belcher: Election Year LNG ‘Pause’ Will Have Huge Negative Impacts

The Biden administration’s decision to pause permitting of LNG projects has damaged the U.S.’ reputation in ways impossible to calculate.

The OGInterview: TG Natural Resources Rides LNG Wave

TG Natural Resources rides the LNG wave with its Rockcliff deal amid a shale consolidation boom.

Global Oil Demand to Grow by 1.9 MMbbl/d in 2024, Says Wood Mac

Oil prices have found support this year from rising geopolitical tensions including attacks by the Iran-aligned Houthi group on Red Sea shipping.

Repsol Eyes Increasing Core US Upstream Business

Madrid-based Repsol SA will invest €$2.2 billion (US$2.38 billion) between 2024-2027 on its unconventional assets in the Marcellus and Eagle Ford as it focuses on increasing its core U.S. upstream business platform.

Despite LNG Permitting Risks, Cheniere Expansions Continue

U.S.-based Cheniere Energy expects the U.S. market, which exported 86 million tonnes per annum (mtpa) of LNG in 2023, will be the first to surpass the 200 mtpa mark—even taking into account a recent pause on approvals related to new U.S. LNG projects.

APA’s Permian to Pick up Production Slack Amid Overseas Headaches

With various overseas headaches, Houston-based APA Corp. aims to boost its Permian Basin volumes and integrate its Callon Petroleum acquisition when it closes in the second quarter.

Israel Says Gas Exports to Egypt, Jordan Rose 25% in 2023

Israel said on Feb. 26 that gas supplies to Egypt and Jordan rose by about 25% in 2023.