What Does the Oil Futures Curve Show?
Rigzone talks to several analysts.
Nieuws
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CNOOC Ltd Achieves New Production Record
CNOOC Ltd, majority-owned by China National Offshore Oil Corp, reported 777.3 million barrels of oil equivalent, or 2.13 MMboe a day, in net production last year.
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Rystad Issues Oil Warning
'The floor has moved up, so has the ceiling', Rystad Energy said.
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2 Danish Wind Projects Get European Commission Approval for $5.8B State Aid
'The combined annual production of these two wind farms will represent the equivalent of around 25 percent of last year's total electricity production in Denmark'.
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Philippines Takes Delivery of Russian Oil after US Waiver
Philippine refiner Petron received a shipment of Russian oil, according to its chief executive, after the U.S. issued a waiver allowing the purchase of the crude.
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Crude Falls as Iran Talks Confuse Market
Traders pulled back amid volatile swings tied to conflicting war and diplomacy developments.
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Chevron Warns California Risks Energy Crisis Due to Iran War
Chevron Corp. is warning that California is careening toward an energy crisis because of the Iran war.
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USA Shale Producers Not Poised to Quickly Boost Output
U.S. shale producers 'are not poised to quickly ramp up production', according to Matthew Bernstein, Rystad Energy VP North America Oil & Gas.
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Key Russian Port Pauses Oil Loading after Drone Strike
Russia's Ust-Luga port on the Baltic Sea has halted crude loadings as Ukraine carried out the most intense air strike on its foe in more than a year, setting some of the port facilities on fire.
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Equinor Starts Drilling for $9B Gas Development offshore Brazil
'The project is Equinor's largest international investment to date, totaling around $9 billion'.