Midland Reporter-Telegram on MSN

EIA: Low oil prices will weigh down production

EIA's Short-Term Energy Outlook forecasts WTI will average $52 in 2026 as low prices weigh down oil production.
OilPrice.com

Low Oil Prices Force Billionaire Harold Hamm to Halt Bakken Drilling

Billionaire oil magnate Harold Hamm has ceased drilling operations in North Dakota’s Bakken shale, citing low margins as oil ...
The Economist

Home-grown firms are helping Nigeria’s oil industry to rebound

Resurgent global interest suggests that Nigeria’s oil industry may be emerging from a slump that had seen production drop to a two-decade low in 2022. Yet foreign firms are no longer the main players.

Venezuela's state-owned oil company says it's negotiating with the U.S. to sell crude oil

Petróleos de Venezuela said the talks were "within the framework of the commercial relations that exist between both ...
Forbes

Oil Isn’t Cheap But It Might Become So

The internet is filled with claims that oil is undervalued compared to, for example, gold prices, the stock market, historical levels and so forth, even as the President calls for prices to fall ...
Yahoo

Shell shuts down oil processing unit to investigate leak, Singapore's port authority says

(Reuters) -Shell has shut down an oil processing unit at its Pulau Bukom facility to investigate a suspected leak, Singapore's Maritime and Port Authority (MPA) and National Environment Agency (NEA) ...
OilPrice.com on MSN

Kazakhstan Cut December Oil Output By 230 Kb/d

Kazakhstan cut oil production in December by more than 200 Kb/d, with output averaging 1.522 million barrels per day in the ...