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4 days ago · July 1 (Reuters) - Oil prices gained about 2% to a two-month high on Monday on hopes of rising demand during the Northern Hemisphere's summer driving season and worries that conflict in the...
3 days ago · Update: New Mexico’s oil production was up 87,000 b/d in April 2024 relative to November 2023, when U.S. oil production reached a monthly peak in 2023. What Goes Up Can Also Go Down Figure VII is a graph of historical oil (crude + condensate) production from the Eagle Ford play for the period 2008 through 2023:
4 days ago · Oil prices climbed nearly 1% today, extending gains to two-month highs on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl.
3 days ago · Oil Demand. World oil demand climbed by 2.56 mb/d, or 2.6%, y-o-y, reaching an average of 102.21 mb/d in 2023. This level surpasses pre-pandemic averages, driven by strong demand growth in China, India, the Middle East, Latin America, and OECD Americas.
5 days ago · Still, signs of less-than-expected demand growth have limited gains in oil prices. Some data shows that crude imports to Asia, the world's biggest oil consuming region, in the...
2 days ago · World Oil provides daily news, trends and data for the global upstream industry, including in-depth coverage of deepwater, subsea, shale, exploration, drilling, well completion, unconventionals...
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5 days ago · U.S. crude oil production grows in our forecast by 2% from 2023 to an annual average of 13.2 million barrels per day (b/d) in 2024 and by another 4% in 2025 to 13.7 million b/d. Increasing production is led by the Permian region, which is the source of almost 50% of domestic crude oil production, followed by the Eagle Ford region and the ...
