The Latest

Dallas Fed Energy Survey: Permian Basin Breakeven Costs Moving Up

Breakeven costs in America’s hottest oil play continue to rise, but crude producers are still making money, according to the first-quarter Dallas Fed Energy Survey. The situation is more dire for natural gas producers.

Liberty Energy CEO: NatGas is Here to Stay as Energy Transition Lags

The energy transition hasn’t really begun given record levels of global demand for oil, natural gas and coal, Liberty Energy Chairman and CEO Chris Wright said during the DUG GAS+ Conference and Expo.

Paisie: Dutch Vehicle Fleet Foreshadows Structural Shifts

The expanding role of battery electric vehicles will be supported by the development of associated supply chains, as indicated by Stratas Advisors' forecast of global EV battery production capacity.

Petrobras to Step Up Exploration with $7.5B in Capex, CEO Says

Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.

What's Affecting Oil Prices This Week? (March 25, 2024)

On average, Stratas Advisors are forecasting that oil supply will be at a deficit of 840,000 bbl/d in 2024.

Russia Orders Companies to Cut Oil Output to Meet OPEC+ Target

Russia plans to gradually ease the export cuts and focus on only reducing output. 

Exxon, Vitol Execs: Marrying Upstream Assets with Global Trading Prowess

Global commodities trading house Vitol likes exposure to the U.S. upstream space—while supermajor producer Exxon Mobil is digging deeper into its trading business, executives said at CERAWeek by S&P Global.

Argentina's Vaca Muerta Shale Formation Drives Record Oil Production in February

Argentina's Neuquen province hit a record for daily oil production in February.

CERAWeek: BP Could Sanction GoM’s Kaskida this Year, CEO Says

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.

SilverBow Saga: Investor Urges E&P to Take Kimmeridge Deal

Kimmeridge’s proposal to combine Eagle Ford players Kimmeridge Texas Gas (KTG) and SilverBow Resources is gaining support from another large investor.