Tag

Oil Production

All articles tagged with #oil production

market-news1 month ago•13 min saved

Battalion Oil climbs on new gas-treating deal boosting operations

Battalion Oil (BATL) jumped after announcing a new gas-treating agreement with a large-cap midstream partner. The deal lets Battalion process all gas from its Monument Draw Field, boosts flow reliability, and has helped lift January oil production to about 1,200 net barrels per day versus December. Pre-market trading surged with heavy volume, though Wall Street coverage remains sparse and an AI analyst assigns a neutral $1.50 price target due to weaker profitability and balance-sheet risks.

via TipRanks|

#batl #battalion-oil #gas-treating-agreement

business1 month ago•2 min saved

Chevron to Gain $700M Annually from Venezuelan Oil

Chevron could increase its annual cash flow by up to $700 million by boosting oil production in Venezuela, as the US government seeks to revitalize the country's oil industry amidst political and security uncertainties. The company plans to focus on existing assets rather than new investments, awaiting a more stable government and fiscal regime.

via Yahoo Finance|

#business #chevron #oil-production

politics1 month ago•1 min saved

Russia Cuts Oil Production and Exports Amid Sanctions and Attacks

Russian oil production significantly decreased in December by over 100,000 barrels per day due to US sanctions impacting export sales, marking the largest drop since mid-2024, with difficulties in selling crude overseas and potential effects from Ukrainian airstrikes on production facilities.

via Новая газета Европа|

#export-demand #oil-production #opec

business1 month ago•2 min saved

Russia Cuts Oil Production and Exports Amid Sanctions and Delivery Issues

Russia has significantly reduced its oil production due to difficulties in delivering crude to major buyers India and China, exacerbated by US sanctions and recent Ukrainian strikes, leading to a decline of over 100,000 barrels per day in December and a surplus of unsold oil at sea.

via UNITED24 Media|

#business #china #india

world1 month ago•4 min saved

U.S. and Oil Giants Eye Venezuela's Oil Revival Amid Uncertainty

Despite President Trump's optimistic prediction that US oil companies will invest billions to restore Venezuelan oil infrastructure quickly, industry experts are skeptical due to the lack of government guarantees and the country's uncertain future, suggesting a much longer timeline and cautious approach by firms like ExxonMobil, ConocoPhillips, and Chevron.

via The Guardian|

#investment #oil-production #trump

world1 month ago•0 min saved

US Oil Tankers Navigate Venezuela Amid Economic and Political Turmoil

US oil tankers are heading towards Venezuela amid concerns of a potential collapse in oil production, highlighting escalating geopolitical tensions and energy security issues.

via Financial Times|

#energy-crisis #geopolitics #oil-production

business1 month ago•2 min saved

Oil Markets React to U.S. Actions and Political Unrest in Venezuela

Crude oil prices declined slightly amid political uncertainty in Venezuela following the overthrow of President Maduro, with potential long-term impacts depending on U.S. investment and sanctions policies, and the stability of the new government.

via CNBC|

#business #maduro #oil-prices

world1 month ago•1 min saved

Venezuela's Oil Reserves: Riches, Risks, and Global Interest

Venezuela holds the world's largest proven crude oil reserves with over 300 billion barrels, but accounts for less than 1% of global daily crude production. Recently, the US conducted a surprise raid capturing President Nicolás Maduro, citing law enforcement reasons, and announced plans to tap into Venezuela's oil reserves, aiming to revitalize its oil infrastructure and boost economic gains.

via Business Insider|

#nicolas-maduro #oil-production #oil-reserves

business1 month ago•4 min saved

Trump's Venezuela Oil Strategy Faces Challenges Amid Market Uncertainty

President Trump aims to leverage Venezuela's vast oil reserves by encouraging US companies to invest in rebuilding its oil infrastructure, but experts warn that political instability, sanctions, and high costs could delay significant output increases for many years.

via BBC|

#business #oil-infrastructure #oil-production

business3 months ago•3 min saved

US Sanctions Hit Russian Oil Giants, Halting Iraqi Operations

Lukoil has declared force majeure at its West Qurna-2 oil field in Iraq due to U.S. sanctions, halting its operations and risking a complete exit if unresolved within six months, amid failed asset sales and broader energy sector instability.

via Meduza|

#business #force-majeure #iraq

business3 months ago•1 min saved

OPEC+ Pauses Oil Output Hikes Amid Market Glut Concerns

Morgan Stanley raised its near-term crude oil price forecast to $60 per barrel for the first half of 2026 after OPEC+ announced a pause in production hikes, signaling reduced volatility and a potential stabilization of oversupply, with prices expected to rise to $65 later in 2026 and into 2027.

via Bloomberg|

#business #crude-oil #market-forecast

business3 months ago•2 min saved

OPEC+ to Pause Oil Output Increases Amid Glut Concerns

Opec+ has decided to pause its plans to increase oil output next year in response to fears of an oversupply, with a temporary increase in December followed by a halt in early 2024, amid concerns over weaker demand and the impact of US sanctions on Russian oil exports.

via Financial Times|

#business #oil-glut #oil-prices

world4 months ago•2 min saved

Ukraine Conducts Long-Range Attacks on Russian Gas Infrastructure

Kazakhstan's energy sector faces potential disruptions after a drone attack on a major Russian gas plant, Orenburg, which has halted gas supplies to Kazakhstan's Karachaganak project, possibly impacting the country's oil output amid ongoing regional tensions.

via Bloomberg.com|

#drone-attack #kazakhstan #oil-production

business4 months ago•0 min saved

Oil Prices Stabilize Amid OPEC+ Production Decisions

Oil prices increased despite OPEC+ announcing a smaller-than-expected increase in crude output, as the market reacts to the cartel's efforts to regain market share and stabilize prices amid concerns of oversupply and weakening demand.

via Barron's|

#business #crude-oil #market-share

business5 months ago•2 min saved

OPEC+ Likely to Announce Further Oil Output Increase Amid Market Uncertainty

OPEC+ has tentatively agreed to increase oil production in October by about 137,000 barrels per day, marking a shift from its previous strategy of defending prices to gaining market share, which could lead to the unwinding of 1.66 million barrels of production cuts by the end of 2024, despite ongoing market tensions and supply concerns.

via Bloomberg.com|

#business #market-share #oil-prices