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With nearly US$136 billion in deals since 2023, the upstream sector has seen major M&A consolidation in the Permian Basin.21However, higher acreage prices and limited high-quality acquisition targets in the basin, combined with favorable financial markets, may lead to increased drilling and buying...
"The latest developments mean that if the entire normalization discussion is canceled, so are the underlying side deals and agreements impacting oil supply and indicating continuing constraints by OPEC," says Irina Tsukerman, president of strategic advisory Scarab Rising and the vice chair of the Amer...
Gulf Coast has changed course, toward Florida and away from oil and gas-producing areas near Texas, Louisiana and Mississippi. Despite a slew of monetary support measures announced by China's central bank on Tuesday, the boldest since the pandemic, analysts warned that more...
‘downstream’—the sector which deals with refining and processing of crude oil and gas products, their distribution, and marketing. The exploration and production processes together are referred to as E&P. The facilities and systems employed in oil and gas industries are broadly defined based on ...
If the US price went higher than the global price due to keeping out cheap foreign oil, Trump’s popular approval would dive. And, if the U.S. price went lower due to a domestic production glut of fracked oil, then his support among business would tank. ...
A fracked well produces a large variety of liquids and gases, of which CRUDE OIL is just one of them. How many times do I need to repeat this and cite the EIA and give you links, and you still refuse to study this and understand this, ...
Top tips for finding Oil City hotel deals If you’re looking for a cheap hotel in Franklin, you should consider visiting during the low season. You'll find cheaper hotels in Franklin in March and August. Hotel room prices vary depending on many factors but you’ll most likely find the be...
Ballmer envisages ‘seas of computers (so cheap and inexpensive you throw them away) that collaborate to store massive amounts of data at low cost and high computational efficiency.’ In turn this brave new world will require a ‘reinvention of the way we think about building and distributing...
Reuters FILE PHOTO: A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File Photo By Scott DiSavino NEW YORK (Reuters) -Oil prices eased about 1% in volatile trade on Thursday on reports the U.S. and Israel will try to restart talks...