The global oil market is witnessing a major shift, with South America predicted to be the principal source of new, cost-competitive, non-OPEC+ conventional oil capacity through 2030.
November 14, 2025
Eight core OPEC+ members—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—met virtually on Nov. 2, 2025, and agreed to one final production increase of 137K b/d for Dec. 2025.
November 07, 2025
It is a continued discussion of how major oil and gas companies worldwide reported on Nov. 3 (Feature of the Week: Production Delivers) robust third-quarter 2025 financial performance, primarily driven by record or significantly increased production volumes and strong operational efficiencies.
November 07, 2025
The global oil market is currently navigating a period of significant oversupply, or a
November 01, 2025
Lower oil prices in 2025 compared to 2024 levels are driving US oil and gas majors to restructure, seek efficiencies, and implement deep job cuts—the most significant in the US shale patch in three years.
November 01, 2025
The current crisis involves Venezuela cancelling energy deals with Trinidad and Tobago (T&T) in retaliation for T&T's cooperation with the US military presence in the Caribbean
November 01, 2025
The US energy landscape is undergoing a critical transformation as the primary source of oil production growth moves from the once-dominant shale basins to deepwater projects in the Gulf of Mexico (GoM).
October 25, 2025
The global energy landscape is currently marked by a complex dichotomy: the urgent need to address climate change set against the imperative of securing long-term national energy supplies.
October 25, 2025
The OPEC+ alliance significantly increased its crude oil production in Sep. , raising output by 630K b/d from Aug. to an average of 43.05 MM b/d.
October 18, 2025
The North America rotary rig count increased by one rig week-on-week, according to Baker Hughes' count released on Oct. 10, reaching a total of 740 rigs.
October 18, 2025
