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- Global oil supply-and-demand outlook to 2040 | McKinseyLong-term up to 2040. Long-term equilibrium oil prices have decreased by $10 to $15/bbl compared with pre-COVID-19 outlooks, as driven by a flattening cost curve and lower demand. Under an OPEC-control scenario, in which OPEC maintains its market share, we see a $50 to $60/bbl equilibrium price range in the long term, fueling 10 to 11 MMb/d US ...
- Venezuela oil sector braces for loss of US license, Maduro hits backShow more companies. HOUSTON/CARACAS, April 18 (Reuters) - The day after the United States announced it would reimpose costly limits on Venezuela's oil sector, the South American nation braced for ...
- Shale-Oil ‘Fracklog’ Resumes Expansion After a Year-Long HiatusOverall, US shale-oil output is expected to be steady at about 9.86 million barrels per day in May, below the record 10 million seen in December, according to the report. Output from the Permian ...
- Oil 2020 – Analysis - IEA - International Energy AgencyOil 2020 looks at the interplay between the expanding US influence in global oil supply and the demand from Asia for exports from the Middle East. At the same time, global energy transitions are affecting the oil industry: companies must balance the investments needed to ensure sufficient supplies against the necessity of cutting emissions.
- Join us for a May 8 conversation on West Texas and the oil and gas industryOil and gas production in West Texas broke records last year. The Texas Oil and Gas Association reported that Texas supplied 42% of the nation’s oil in 2023, with most of that oil coming from ...
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