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OPEC+ Delays Oil Output Hike
Oil steady as investors weigh delayed OPEC+ output hike, ample 2025 supply outlook
Oil prices rose on Thursday as investors weighed an ample supply outlook for next year against OPEC+ delaying its planned output increase by three months to April 2025.
OPEC+ Delays Revival of Its Oil Production
OPEC+ delayed the revival of its oil production by three months, the third time it’s deferred the move while crude prices struggle amid a looming surplus. (Source: Bloomberg)
OPEC+ Delays Oil Output Hike Once Again
The Organization of the Petroleum Exporting Countries and its allies will further push back an oil production increase planned for January by three months amid softer prices and market concerns of an impending glut.
Canadian oil province Alberta cleans up 5% of inactive wells
Canadian oil province Alberta cleans up 5% of inactive wells in 2023
The number of inactive oil and gas wells in Alberta, Canada's main fossil fuel-producing province, fell 5% in 2023 from a year earlier, showing progress in decommissioning and reclamation work, a regulatory report said on Thursday.
Number of inactive oil and gas wells in Alberta fell 5% in 2023, says report
A new report says Alberta's oil and gas producers spent $769 million cleaning up old wells last year, a $73-million increase from the prior year.
Number of inactive oil and gas wells in Alberta fell five per cent in 2023: report
A new report says Alberta's oil and gas producers spent $769 million cleaning up old wells in 2023, a $73 million increase from the prior year.
14h
Oil Patch in Canada Has $24 Billion Shield Against Trump Tariffs
The expansion of Canada’s Trans Mountain pipeline represented a $24 billion bid to help the country’s oil producers reduce ...
7h
on MSN
Oil ends lower after OPEC+ again delays phaseout of production cuts
Oil futures were little changed Thursday morning after the Organization of the Petroleum Exporting Countries and its allies, ...
17h
on MSN
OPEC+ oil alliance faces stagnant prices for crude while US drivers enjoy cheaper gasoline
The OPEC+ alliance of oil exporting countries is deciding on whether to produce more crude as members face sluggish demand ...
8h
on MSN
OPEC+ Braces for a Much Longer Mission to Defend Oil Prices
OPEC+ is accepting that its mission to defend oil prices will drag on much longer than expected. At an online gathering on ...
21h
Saudi Arabia Is Losing Its Iron Grip on Global Oil Markets
Rising U.S. production and internal OPEC+ pressure limit the kingdom’s sway over prices. Trump is a new wild card.
15h
Members of OPEC+ oil producers' alliance postpone production increases as crude prices stagnate
Eight members of the OPEC+ alliance of oil exporting countries have decided to put off increasing oil production as they face ...
4h
on MSN
Chevron Slows Permian Growth in Latest Hurdle to Trump Oil Plan
Chevron Corp. plans to slow production growth in the biggest US oil field next year in the most definitive sign yet that ...
8h
‘A needle in a haystack:’ How AI is helping uncover abandoned oil wells
Finding and plugging those wells is a laborious, time-consuming task. Researchers spend countless hours pouring over hundreds ...
E&E
1d
Trump gets second chance to drill ANWR. Will oil companies bite?
The Biden administration reversed course, freezing exploration for oil in ANWR, but President Joe Biden didn’t galvanize ...
Opinion
18h
Opinion
Gov. Shapiro fast-tracks oil refinery redevelopment and impacted residents call for City Council hearings
City Council cannot afford to ignore major red flags surrounding the largest redevelopment in Philly’s history — including ...
11h
on MSN
Shell and Equinor form UK North Sea oil and gas joint venture
By Louise Rasmussen, Ron Bousso and Nerijus Adomaitis COPENHAGEN/LONDON/OSLO (Reuters) -Shell and Norway's Equinor will merge ...
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