Storm Helene is moving eastward, with early reports indicating that Gulf of Mexico oil platforms are likely to avoid significant damage. Despite this, the storm is expected to strengthen rapidly.…
oil production
Oil production involves extracting crude oil from underground reservoirs through drilling. After extraction, the oil is refined into various products like gasoline and diesel. It’s a critical process for global energy supply and economy.
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The U.S. shale revolution has reached its conclusion, with minimal production gains anticipated moving forward, according to Wil VanLoh, CEO of Quantum Energy Partners. He stated, “The U.S. shale revolution…
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Oil prices experienced a notable increase on Tuesday, driven by China’s announcement of monetary stimulus and escalating concerns about Middle Eastern conflicts affecting regional supply. Additionally, a new hurricane threatened…
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A coalition of Canadian oil companies, known as the Pathways Alliance, reacted to new federal legislation by removing all references to their emission-reduction efforts from their websites. This decision followed…
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India’s crude oil production in August experienced a year-on-year decline of 3.4%, totaling 2.4 million metric tons, or approximately 17.6 million barrels. This reduction was mirrored in fuel production, which…
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Oil markets have experienced significant turmoil in recent weeks, driven by pervasive macroeconomic concerns that triggered momentum-following algorithms. This turbulence led to a steep decline in oil prices, worsened by…
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As the cost of energy continues to rise, homeowners are constantly on the lookout for ways to save money on their heating bills. Heating a home, especially in colder climates,…
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After years of sustained high oil prices and stringent market control, OPEC+ is encountering significant challenges that could reshape the global oil landscape. Recently, the Brent crude benchmark fell below…
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The U.S. Energy Information Administration (EIA) has introduced a refined model for forecasting crude oil and natural gas production in the Federal Offshore Gulf of Mexico (GOM) as part of…
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Oil prices increased by more than 1% on Wednesday, recovering some losses from the previous day. This uptick was driven by a decline in U.S. crude inventories and concerns over…