A group of 51 US-based oil and gas producers and refiners had combined net earnings of $22.34 billion in fourth-quarter 2024, compared with earnings of $31.28 billion a year earlier...
The US is already the largest producer of crude oil and natural gas in the world. The companies extracting these commodities are generally producing as much as they want to be...
Bearish sentiment for oil prices came in many forms this week as the specter of a ceasefire in the Russia/Ukraine war combined with a negative inflation report and a large gain...
Canada and Mexico together supply 70% of US crude imports, with Canada alone contributing over 60% (4.1 million b/d in 2024). However, this figure understates the deep interdependence...
The forecast for global oil demand growth in 2025 has been raised to 1.1 million b/d, higher than the 1.05 million b/d forecast in January, due to a minor pickup in GDP growth...
As oil production gradually increases and global oil demand growth remains relatively weak, global oil inventories are expected to rise, exerting downward pressure on prices.
