oil prices

Rystad Energy and Wood Mackenzie highlight key factors shaping the balancing act in the upstream oil market.

Operators remain cautiously optimistic in 2025, despite regulatory uncertainties.

This paper summarizes a collaborative industry study to compare observations between shale-play data sets and basins, develop general insights into parent/child interactions, and provide customized economic optimization recommendations.

With mobilization in China normalizing, new Wood Mackenzie analysis expects the country to account for almost 40% of global growth in oil demand this year.

After Russia started a war in Ukraine, oil prices increased and brought in higher oil export revenues in the short run. Longer term, things are looking rougher.

High prices have predictably led to production booms that end in busts. But in this cycle, the focus has shifted from production growth to cash flow growth.

The reduction is the largest OPEC+ has made since April 2020, but it may translate to a cut of only 1.1 million B/D because of underproducing members.

Amin Nasser said the European energy crisis is a direct result of underinvestment in the oil and gas industry and poor contingency planning.

The latest move to reduce output requirements comes after the coalition lowered its expectations for surplus crude in the market.

Although energy efficiency has long been mentioned as a means toward achieving Paris Agreement goals, the “more exciting” announcements about carbon capture and storage grabbed attention. Will concerns about energy security and high prices help bring it to the forefront?