2024. The seasonal pattern reflects that crude oil has sold off over the past 15 years into this expiration period. The reasons for this could be one of many. With weak energy demand, refiners of gasoline may be
2 Since then, in line with the post-COVID socio-economic recovery, oil prices have climbed significantly, hovering around $80 per barrel for the majority of 2023.In parallel, a new wave of capital expenditure has been seen from multiple oil and gas companies.3 However, with all energy ...
OPEC Sees Oil Outlook for First Half of 2021 Full of Downside Risks More Reuters FILE PHOTO: OPEC Secretary General Mohammad Barkindo delivers his speech during the presentation of the World Oil Outlook in Vienna, Austria November 5, 2019. REUTERS/Leonhard Foeger By Vladimir ...
Renewable Energy Outlook for 2024 How to Stay On Top of Renewable Energy Trends The Formula to Net Zero: Decarbonization, Hydrogen, and the Energy Transition View webinar Share Post Since 2022, the oil industry has faced a series of volatile macroeconomic events that have escalated the import...
This, along with a number of other factors-including benchmark oil prices, Western efforts to enforce sanctions, demand for Russian barrels among a limited client base, the discount on Urals, and shipping fleet availability, to name a few-makes the outlook for exports quite foggy.Nefte Compass...
oilfield services reported its best performance for the 2023 to 2024 period in the past 34 years.4Additionally, some companies are engaging in increased investments in low-carbon technology projects to help balance the risks associated with the traditional oil and gas market. These investments will ...
Granite Ridge Resources, Inc. today reported financial and operating results for the fourth quarter and full-year 2024 and provided initial guidance for 2025.. Increased total production by 7% to 27,734 Boe/day driven by a 20% increase in oil production
The service includes analysis of the agriculture market, including crop fundamentals and the outlook for corn, soybean, wheat and rice prices Production maintenance analysis The Argus Quarterly Potash Outlook service includes analysis of production curtailments/losses and sales reductions ...
In-house forecasts for Brent crude oil prices in late 2024 and in 2025 have been lowered, which reflect expected excess supply, contributing to the downward revision of the 2025 global consumer price inflation forecast. Underlying price pressures should also continue to ease, in tandem with...
Average annual oil price (Brent crude) of $80 per barrel The BASF Group’s forecast for the 2024 business year published in the BASF Report 2023 also remains unchanged: EBITDA before special items of between €8.0 billion and €8.6 billion ...