Economics & Markets

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General Interest

Aethon president: Natural gas needs to top $5 to spur Haynesville investment

Jan. 8, 2025
Executives speaking at a Goldman Sachs conference said there’s no price incentive yet to lift production.

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US Energy Information Administration.
OEPC+ crude oil production and targets.
Economics & Markets

EIA: 90% of 2025 oil supply growth will come from non-OPEC+ countries

Dec. 10, 2024
Global oil production is forecast to increase by 1.6 million b/d in 2025, and almost 90% of that growth will come from non-OPEC+ countries, the US EIA said in the December STEO...
Podcasts

Market Focus: Implications of latest OPEC+ decisions

Dec. 10, 2024
In this Market Focus episode of the Oil & Gas Journal ReEnterprised podcast, Conglin Xu, Managing Editor - Economics, discusses the latest decisions by OPEC+ to delay production...
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Third-quarter 2024 earnings down year-over-year on lower commodity prices, refining margins

Dec. 6, 2024
A group of 53 US-based oil and gas producers and refiners announced combined net earnings of $24.9 billion in third-quarter 2024, a decrease from net income of $37.8 billion a...
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Economics & Markets

OPEC+ postpones oil output hikes, prolongs cuts into 2026

Dec. 5, 2024
OPEC+ will delay the start of oil output increases by another 3 months—pushing the timeline to April 2025—while also extending the full unwinding of production cuts by a year ...
US Energy Information Administration.
Lower 48 states natural gas inventories, end of injection season (2015-2024).
Economics & Markets

US natural gas inventories enter winter at highest levels since 2016

Dec. 2, 2024
US natural gas inventories entered winter 2024–25 at the highest levels since 2016, sitting 6% above the 5-year (2019–23) average.