oil prices

Employment is not a direct function of oil prices, but of upstream and midstream investment and activity. Fluctuations in SPE membership generally lag the activity increase or decrease by 1–2 years. It is expected that the current upcycle of activity will contribute to a rebound in membership, especially among the young professionals.

The surge in oil and gas prices has reminded Europeans that they still need hydrocarbons and reminds them why they want to replace them.

Drillers are feeling good about higher oil prices, but only to a point.

The alliance ratified another modest daily production increase of 400,000 barrels.

The chief of the world's largest oil company issued a reality check on how the energy transition is doing and called for a more practical strategy going forward.

Oil-consuming nations announced a big push to drive down oil prices. Next week, it’s OPEC’s turn to respond to that move.

Even though the market seemingly expected a 400,000 B/D increase from the oil exporting group, crude prices took a bit of a tumble.

The 21st ministerial meeting between OPEC and its non-OPEC allied countries ended with no change of course. However, markets reacted by pricing in the potential of a supply shortfall.

Oil demand is expected to rise just enough this year for a small increase in OPEC production.

Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets.